General

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...

A Bristol based charity that has helped hundreds of young offenders turn their lives around has fallen on hard times. Read Full Article...

Recent reports of high levels of financial pressure being felt by people across the country, particularly in Glasgow and Manchester, come as no surprise according to insolvency specialists at Begbies Traynor, the leading independent, business rescue, recovery, and restructuring specialist in the UK. Read Full Article...

Begbies Traynor, the UK’s leading business rescue, recovery and restructuring specialist, today publishes its quarterly Red Flag A!ert statistics, which monitor adverse actions and other corporate distress signals (such as the issue of county court judgements and wind up petitions). These show that the number of UK companies facing significant difficulties has increased substantially over this time last year. Read Full Article...

As financial doom and gloom spreads around the world, privately owned businesses may take some comfort from the fact that they do not have to explain big falls in share prices to shareholders. But this is a time when all businesses, public and private alike, need to keep a very tight rein on finances and plan carefully for a challenging period. Read Full Article...