News Tag: Begbies Traynor
November 6, 2009
Figures from the Insolvency Service have revealed that personal insolvencies were up 28% in the third quarter of 2009 compared with the same period a year ago.
There were 35,242 personal insolvencies in the period - a 6.6% increase on the second quarter.
However, the number of businesses declared bankrupt declined, with 4,716 company liquidations, down 4.7% quarter-on-quarter but still almost 15% higher ...
Personal insolvencies up 28% on year
by Kay Murchie
October 20, 2009
Recovery and restructuring company, Begbies Traynor, is forecasting a difficult time for businesses next year.
Its report titled ‘Red Flag Alert’ is a monitor of early warning signs of company distress and its latest report reveals that during the July to September 2009 period, 134,000 businesses still showed "material signs of distress" with the engineering and recruitment sectors being the "most ...
Worst is yet to come for insolvencies
by Kay Murchie
May 3, 2009
Individual insolvencies are at a record high with an average of 330 people going bust everyday, with the latest insolvency data for the first three months of 2009 showing a 19 percent year-on-year rise inclusive of Individual Voluntary Arrangements (IVAs) and bankruptcies.
KPMG has stated that 51 per cent of people entering into IVAs are homeowners, which is a 34 percent increase from ...
Insolvencies at a record high
by Peter Charalambous
December 21, 2008
Insolvency expert Begbies Traynor are warning that more retail chains will go bust before the middle of January.
Begbies said it would not be surprised if between 10 and 15 well-known chains did not make it beyond the festive period.
Should its warning ring true, then more retail workers will face 2009 jobless.
It was announced last week that Woolworths, which has ...
Begbies warns of more firms going bust
by Kay Murchie
