General

Begbies Traynor Group plc, the AIM listed specialist professional services organisation, has added to its strength in the region with the acquisition of Southampton and Bath based corporate recovery and insolvency firm, Fanshawe Lofts. Fanshawe Lofts was set up in 1990. The well-established firm provides corporate finance, business turnaround, corporate recovery and insolvency services to small and medium-size businesses and is headed up by Senior Partners, Antony Fanshawe and Rosemary Penn-Newman. Read Full Article...

Specialist professional services organisation Begbies Traynor Group has added to its strength in Wales with the acquisition of the corporate recovery and insolvency business of Dewey & Co. Dewey & Co was established in Cardiff by Peter Dewey, who was formerly with Deloitte, 19 years ago. As well as the corporate recovery and insolvency business, the company has a general accountancy practice which remains independent. Read Full Article...

Begbies Traynor, the UK’s leading business rescue, recovery and restructuring specialist, today reveals that the number of UK companies experiencing “Critical Problems” in the first quarter of 2008 has increased substantially over the same period in 2007. 3309 companies faced ‘critical’ problems in the first quarter of 2008, over four times as many businesses receiving serious actions and judgments across Great Britain, than the same period last year. Furthermore, almost 140,000 companies experienced ‘significant problems’, an increase of almost 20,000 on the same time last year. Read Full Article...

Being declared bankrupt is an uncomfortable experience which all hope to avoid yet thousands of businesses ‘go bust’ every year and those who run them sometimes go on to re-build their companies and their lives. Read Full Article...

The UK’s biggest companies felt the impact today as the bail-out of American investment bank Bear Stearns wiped more than £51 billion off the value of blue chip shares. However, a tendency for financial institutions to sustain cash liquidity in light of such conditions may now affect how easy it is for local businesses to obtain bank loans, according to Gary Lee, partner of business rescue, recovery and restructuring specialists Begbies Traynor’s Manchester office. Read Full Article...