British Basketball Federation owed half a million pounds when it went bust Sport Business The British Basketball Federation owed close to half a million pounds when it began the process of going into liquidation late last year. The BBF, which was in charge of the men’s and women’s GB teams, folded after a long-running legal battle with Super League Basketball, the top national domestic competition. Companies House filings show [...]
English football clubs facing financial distress drops by 50 per cent Sport Business The financial health of English football appears to be improving, with the number of clubs in the EFL deemed to be facing distress halving since last year. Only three of the 72 teams in the English Football League, which comprises the three professional divisions below the Premier League, meet that bar, according to an annual [...]
Sheffield Wednesday: Joint bid could win £30m fight for crisis-hit club Sport Business A number of the six bidders for Sheffield Wednesday are considering joining forces as competition to buy the Championship club hots up. Administrator Begbies Traynor has set an initial deadline of this Friday to begin exclusive negotiations with a preferred bidder, but with a number of credible offers on the table that timeline is likely [...]
Record number of UK businesses face financial woes ahead of Budget October 30, 2025 The number of UK businesses in ‘critical’ financial distress has surged as the economy cries out for certainty in Rachel Reeves’ November Budget. The number of businesses in ‘critical’ financial distress surged 78 per cent year-on-year, to 55,530 in the third quarter of 2025, up from 31,201 in the same quarter last year. The latest [...]
Sheffield Wednesday: What happens next as administrators called in? October 24, 2025 With Sheffield Wednesday filing for administration on Friday, what happens next for the Owls? The club – who are bottom of the Championship – have received a 12-point deduction from the EFL, with the governors of England’s second league saying this step “presents Sheffield Wednesday with the opportunity to move matters towards a successful sale [...]
Glastonbury Festival: Huge debts of collapsed glamping firm revealed June 11, 2025 The huge debts racked up by a luxury Glastonbury Festival glamping company before it collapsed last month have been revealed. Yurtel, which is based in Corsham, Wiltshire, went into liquidation in May, leaving a number of Glastonbury glampers ticketless and out of pocket. The business had charged between £10,000 and £16,500 for its hospitality tickets [...]
Gino D’Acampo: Restaurant empire’s huge debts revealed before rescue June 9, 2025 The company behind TV chef Gino D’Acampo’s restaurant empire owed more than £11m as it collapsed into administration, it has been revealed. Upmarket Leisure Ltd, which controlled the former This Morning star’s venues, was served with a wind-up petition by HMRC in March and moved to appoint an administrator before being saved in a £5m [...]
Firms finding it ‘almost impossible’ to survive after Labour tax hikes January 24, 2025 Less than three months after the Budget, critical financial distress for UK businesses climbs by 50 per cent, with the construction sector leading the table
UK retail sector faces mounting pressures after Budget, warns Begbies Traynor December 27, 2024 UK retailers in critical financial distress has surged by more than 25 per cent, marked by weaker-than-expected retail sales and Budget uncertainty
Debts to go unpaid after collapse of Simon Rimmer’s restaurant chain December 12, 2024 How much the well-known restaurant chain co-founded by celebrity chef Simon Rimmer owed when it collapsed into administration has been revealed for the first time. Vegetarian restaurant Greens first opened its doors in Didsbury, Manchester, in 1990 but was forced to close in January 2024. That closure was followed by the chain’s other site in [...]