Begbies Traynor acquires insolvency firm Tomlinsons June 10, 2010 SHARES in Begbies Traynor fell yesterday after the corporate restructuring specialist said it would buy Tomlinsons, an unlisted insolvencies practitioner, for an undisclosed sum. Tomlinsons has 13 staff in offices in Manchester and Blackburn. Begbies Traynor will absorb the smaller company into its existing insolvency practice to bolster its presence in the north west. Alan [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 7, 2010 FINANCIAL TIMES ROCKHOPPER set for $40m CASh CALL Rockhopper, the first explorer to find oil on the Falkland Islands, is priming a £40m cash call that could be launched this week. The Aim-quoted oil company, one of three small UK wildcat explorers drilling for Falklands oil, has been working with broker Canaccord Adams to sound [...]
City firms see woes pile up since January May 9, 2010 WHOEVER takes the keys to Number 11 Downing Street will inherit an increasingly troubled financial sector, according to the first monthly City A.M/Begbies Traynor health monitor for the Square Mile. Despite the pick-up in equity markets and bank profits, our figures show the number of City financial firms experiencing severe stress has shot up by [...]
Begbies: UK faces £55bn black hole April 26, 2010 A RISE in interest rates in the coming year could push thousands of small businesses into bankruptcy, insolvency expert Begbies Traynor warned this morning. In its first quarter “Red Flag” update, which monitors UK companies for signs of stress, Begbies said small and medium-sized enterprises (SMEs) had £55bn of liabilities on their books. The debts [...]
CITY MOVES | WHO’S SWITCHING JOBS January 26, 2010 PricewaterhouseCoopers Dr Paul Robertson has joined the accountancy giant to lead the crisis management part of its risk and business continuity management services division. A past winner of the CIR Business Continuity Management Consultant of the Year award, Robertson is a regular speaker at industry events. He has spent the past 13 years working as [...]
Begbies Traynor profits rise after historically busy year January 21, 2010 Insolvency firm Begbies Traynor has emerged as a big winner of the recent crash. Its profits rose 69 per cent after six months of “historically high” levels of work. In the first half of last year it made pre-tax profits of £3.6m. Turnover was up 21 per cent to £34.2m. Earnings before exceptional costs increased [...]
Insolvencies to peak in 2010 as state props are withdrawn January 18, 2010 THE rate of corporate failures will accelerate in the second half of 2010 as government stimulus measures are unwound, insolvency specialist Begbies Traynor warned yesterday. The firm said 140,000 British companies suffered significant financial problems in the fourth quarter despite measures such as quantitative easing and the 2.5 per cent VAT cut. Begbies Traynor executive [...]
Red Flag opens to the public December 7, 2009 Begbies Traynor, the insolvency and recovery specialist, will launch its Red Flag Alert system as a commercial tool to allow companies to measure the financial health of their customers and competitors. Until now, Red Flag Alert has been used internally by Begbies and for media houses to assess the corporate landscape in the UK. It [...]
Insolvencies for Q3 are falling October 20, 2009 THE number of companies with significant and critical financial problems has fallen both year-on-year and quarter-on-quarter, figures from the rescue, recovery and restructuring specialists Begbies Traynor showed yesterday. The figures show how HMRC’s Business Payment Support Service, which has seen more than 215,000 companies defer payment of £3.79bn in tax liabilities, are helping, it said. [...]
Begbies enters joint venture October 8, 2009 BEGBIES Traynor yesterday announced a joint venture with a unit of US-based firm Mesirow Financial, to become one of the world’s largest insolvency houses. Begbies Traynor Group (BTG) said that the new practice, BTG Mesirow Financial Consulting, would give it access to new markets and allow it to work on complex cross-border cases. “We have [...]