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Insolvency and Administration

Lockdown forces country house hotel into administration
Insolvency and Administration
Hothorpe Hall hasn’t been able to ride-out month after month of lockdown
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Plans to demolish old AstraZeneca manufacturing site in South Gloucestershire and build major logistics park
Construction
Canada-based Epta Development Corporation bought the 100-acre Avlon Works pharmaceutical processing site in Avonmouth in December
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One of Wales' biggest haulage firms in administration with the pandemic blamed for unsustainable losses
Insolvency and Administration
Rhys Davies & Sons had grown to become one of the Ƶ's biggest haulage firms
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Begbies Traynor sees revenues soar despite lockdown challenges
Insolvency and Administration
The firm's full year results will be 'at least in line with the current market consensus' - meaning further growth
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Begbies Traynor extends lease on Old Hall Street in ‘symbol of support’ for Liverpool
Insolvency and Administration
The insolvency firm said its rescue and recovery services are in demand as businesses across all sectors are facing challenges posed by the coronavirus pandemic
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200 jobs saved after a giftware importer Country Baskets bought out of administration – but 50 jobs lost
Insolvency and Administration
Country Baskets called in administrators after being badly hit by pandemic and lockdowns
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JD Sports in talks to buy Debenhams from administration
Retail & High Street
The sportswear brand is reportedly in discussions to buy up the whole of the 232-year-old department store chain
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World's oldest department store reopens online a year after closing
Retail & High Street
Derby’s Bennetts store, which opened in 1734, went into administration in early 2019 and closed a year ago
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Poundstretcher loses second finance director in less than three months
Retail & High Street
Comes as family-owned business renegotiates rents as part of a CVA which will see some 57 stores close this year
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Wincanton Print Company sold out of administration - but jobs still lost
Insolvency and Administration
The business was established in 1980 and became incorporated in 1994
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Rise in Bristol businesses in significant financial distress as pandemic bites
Insolvency and Administration
Thousands of companies in the city are in difficulty, data from corporate recovery firm Begbies Traynor shows
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Big rise in firms in Wales in significant financial distress
Consultancies
New research from Begbie Traynor shows a 15% on last year
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Poundstretcher confirms plans to open 50 new branches – even as dozens of others close
Retail & High Street
Creditors of the chain have agreed to a CVA to help it offload underperforming outlets and realign its head office
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Midlands business failures historically low, propped up by Government support – but more help will be needed
Insolvency and Administration
Leisure and hospitality continue to be devastated by seven months of restrictions though
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Family-owned building contractor goes into administration
Insolvency and Administration
Business was a past backer of the Team Leicester delegation to the MIPIM property and construction conference in Cannes
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66 jobs saved as trailer specialist Trek Group swoops for Cartwright Conversions in £4.8m deal
Deals
Sheffield manufacturer travels across the M18 to rescue blue light specialist after parent company collapse
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Shirt sponsor to rugby region the Scarlets collapsed owing creditors nearly £12m
Insolvency and Administration
Juno Moneta Group's biggest creditor is owed £10.3m
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Leicestershire estate agent liquidates one of his businesses, owing more than £231,000 to HMRC
property news
Mitul Gadhia said shutting the dormant business would leave him £650,000 out of pocket
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More than 500 Victoria's Secret jobs saved as Next Plc agrees deal with owners
Fashion
Next will own 51 percent of new joint venture, while Victoria’s Secret will own the other 49 percent
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Intu Derby shopping centre under new ownership – and getting new name
Retail & High Street
It is the first of 17 Intu shopping centres to change hands since Intu Properties failed to agree terms with creditors in June
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No-deal Brexit would be “one crisis too many” for small firms as FSB appeals for state aid
Brexit
“Combined mixture of Brexit and Covid is likely to topple many SMEs”
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Pattersons Commercial Law and Ashteds Solicitors in Leicester join forces
Deals
The 12-strong team will be based out of the Pattersons office in Ratby, just outside Leicester
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New allegations surface about state of Leicester’s tarnished rag trade
HMRC
High number of people running Leicester’s textiles factories are reported to have been banned from directorships
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Begbies Traynor strengthens advisory team with director appointment
Finance
Former Lloyds and Bibby finance speciialist Mike Day to oversee Yorkshire and Humber region
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