News & Insights
Begbies Traynor Group
Date:
25/02/2021
Author:Begbies Traynor Group 25/02/2021
Defeating zombification of the UK economy is an urgent challenge
The origin causes of ‘zombie’ firms will maintain pressure on banks, and the government, to exercise a greater fiduciary duty in managing distressed SMEs and corporates. This will skew banks’ preferred strategy towards corporate turnarounds, rather than insolvencies, in the management of defaulted loans.
Rodgers Reidy
Date:
22/02/2021
Author:Rodgers Reidy 22/02/2021
Australian Insolvency - January 2021
The tables in the following link summarise data essentials captured from Rodgers Reidy's daily Risk Watch publication, which provides a synopsis of the insolvency market for January 2021 including:
Begbies Traynor Group
Date:
22/02/2021
Author:Begbies Traynor Group 22/02/2021
Pandemic policy responses by the UK government and the Bank of England (BoE) and the reaction from corporates have created the right conditions to breed a new generation of ‘zombie’ companies that could drag on the UK economy if left unchecked.
Begbies Traynor Group
Date:
19/02/2021
Author:Begbies Traynor Group 19/02/2021
VAT Reverse Charge: Assessing the impact on cash flow
Having already been delayed twice, the VAT reverse charge will finally come into force for those within the building and construction sector on 1 March 2021. This will see the way in which some companies operating within the industry change the way they handle, invoice and pay VAT.
Begbies Traynor Group
Date:
05/02/2021
Author:Begbies Traynor Group 05/02/2021
A different kind of NPL wave is on the way
The UK Government and Bank of England’s (BoE) extraordinary monetary and fiscal support averted a full-blown UK corporate insolvency crisis last year. But a new wave of non-performing loans (NPLs) is merely delayed.
B. Riley Farber
Date:
04/02/2021
Author:B. Riley Farber 04/02/2021
Farber Adds Wealth Management to its Suite of Services
We are excited to announce that Farber, in collaboration with iA Financial Group (iA), is adding wealth management to our suite of services. At Farber, we believe that solving complex challenges and achieving exceptional results requires a multifaceted approach. With the addition of Farber Wealth, we are expanding our capabilities to help our clients succeed and seamlessly bridge their two worlds—the personal and professional.
Begbies Traynor Group
Date:
02/02/2021
Author:Begbies Traynor Group 02/02/2021
Begbies Traynor and Rodgers Reidy Collaborate over Tucan Travel Administration
Specialist tour operator and travel agency Tucan Limited has ceased trading with the immediate loss of nine jobs. The company filed a notice of intention to appoint Gareth Prince, Mark Malone and Joanne Hammond of insolvency specialists, Begbies Traynor as administrators on 2 February 2021 after falling into unprecedented financial difficulties as a result of the Covid-19 pandemic. It is anticipated that the company will formally enter into administration on or before 16 February 2021. Rodgers Reidy
Date:
01/02/2021
Author:Rodgers Reidy 01/02/2021
Rodgers Reidy Unite with Ascent Partners to provide business turnaround services
We are delighted to announce that Rodgers Reidy have united with Ascent Partners to bring business turnaround services to the printing industry. Ascent Partners specialise in service to the Australian Printing Industry, and together with Rodgers Reidy can provide a wide range of services to struggling printing businesses. A free initial consultation is offered by both Rodgers Reidy and Ascent Partners.
Rodgers Reidy
Date:
29/01/2021
Author:Rodgers Reidy 29/01/2021
New Simplified Liquidation Pathway
The Creditors Voluntary Liquidation (CVL) process in Australia has been streamlined by the Federal Government providing a simpler pathway that will be quicker while providing better returns for creditors. A new streamlined liquidation pathway was enacted by the Australian Federal Government on 1 January 2021 which is intended to reduce time and cost in the creditors voluntary liquidation (CVL) process and aims to ensure better returns for creditors.
B. Riley Farber
Date:
27/01/2021
Author:B. Riley Farber 27/01/2021
Asset-Based Bridge Loan: Managing Difficulty Amid Distress
Read here about how BTGGA founding member Farber saved a Southern Ontario manufacturer and distributor from the brink of insolvency. The business had found itself in a precarious situation with its b
B. Riley Advisory Services
Date:
27/01/2021
Author:B. Riley Advisory Services 27/01/2021
B. Riley Advisory Services Named Turnaround Consulting Firm Of The Year
The 12th Annual Turnaround Atlas Awards were held virtually on 21-22 January 2020, and BTG Global Advisory founding member B. Riley Advisory Services was named Middle Market Turnaround Consulting Fi
PLUTA Rechtsanwalts GmbH
Date:
26/01/2021
Author:PLUTA 26/01/2021
WEBINAR: Rising of a new star? The new German Restructuring Law (StaRUG)
23 February 2021 According to the current planning, Germany will have one of the most modern restructuring frameworks (StaRUG) outside insolvency within Europe from January 1, 2021. With the new StaRU
Begbies Traynor Group
Date:
21/01/2021
Author:Begbies Traynor Group 21/01/2021
630,000 UK businesses now in significant financial distress as new lockdown comes into effect
The latest Red Flag Alert research for Q4 2020 has recorded 630,000 businesses in ‘significant distress1’ after the largest numerical quarterly leap (73,000) in financially distressed companies since Q2 2017. This 13% increase (from 557,000 in Q3 2020) comes as the UK is plunged into another nationwide lockdown. Rodgers Reidy
Date:
20/01/2021
Author:Rodgers Reidy 20/01/2021
Australian Insolvency - December 2020
The tables in the following link summarise data essentials captured from Rodgers Reidy's daily Risk Watch publication, which provides a synopsis of the insolvency market for December 2020 including:
PLUTA Rechtsanwalts GmbH
Date:
19/01/2021
Author:PLUTA 19/01/2021
PLUTA attorney Dr Kaufmann appointed provisional administrator for long-standing logistics company
PLUTA restructuring expert Dr Christian Kaufmann is involved in proceedings for another company from the logistics sector, which is currently facing major challenges. On 5 January 2021, the Local Court of Syke ordered provisional insolvency proceedings to be opened for the assets of Louis Neukirch GmbH from Stuhr, near Bremen. Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH was appointed provisional administrator for the long-standing company, which was founded in 1824 and has therefore been in business for almost 200 years. 2000+ Strong team
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