Financial distress soars in ‘extremely testing’ UK business environment July 22, 2024 Although consumer facing firms were hit the worst, levels of distress increased across 20 of the 22 sectors covered in the Red Flag Alert.
JD Wetherspoon: Tim Martin on a ‘gradual recovery’ and Reeves’ plans for pubs July 10, 2024 Labour costs have increased by £164m in this financial year compared to 2019, while energy, repairs and interest costs have risen by £28m, £38m and £16m respectively.
Begbies Traynor: Insolvency giant’s revenue nears £140m as it powers to 2027 target July 9, 2024 Professional services firm Begbies Traynor revenue has increased by 12 per cent to £136.7m, resulting in a "10 year track record of continual growth" for the firm
Fortress Capital is a Ponzi scheme, administrators claim amid attempt to bankrupt directors July 8, 2024 Administrators of an investment firm that had been backed by celebrities and footballers have labelled it a Ponzi scheme, and will seek to bankrupt its two directors.
Lunchtime favourite Island Poke sold out of administration June 27, 2024 London-based Hawaiian food chain Island Poke has been sold in a pre-pack administration to a subsidiary of hospitality incubator White Rabbit Fun
Island Poke: London’s hot lunch spot files CVA to High Court May 23, 2024 Island Poke has ask Begbies Traynor to come in and provide advice for the business.
Double-digit growth for Begbies Traynor as business recovery booms May 21, 2024 Professional services restructuring specialist Begbies Traynor reported that revenue will increase by double-digits as the tough economy creates work for the firm
IAG: British Airways owner’s profit takes off ahead of bumper summer May 10, 2024 British Airways' owner the IAG has said it is "well-positioned" for another busy summer as profits rose sevenfold on strong demand.
Half-a-million UK firms ‘financially distressed’ and thousands face insolvency as they ‘pin hopes’ on rate cuts April 26, 2024 Nearly half a million UK businesses continue to face 'financial distress,' new research finds, with tens of thousands facing the possibility of insolvency within the next 12 months.
Primark owner ABF raises dividend as markets ‘return to normality’ April 23, 2024 Primark owner Associated British Food (ABF) has raised its dividend following a strong set of results in the 24 weeks to 2 March.