News and Insights
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.
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 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 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.
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 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
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
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.
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.Find an Expert
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