The latest Business Distress Index from Begbies Traynor has revealed the number of UK SMEs in significant distress now stands at 620,000 an increase of 76,000 in Q4 2020, putting 2.8 million jobs under threat.
Published 11 February 2021
As mainland Scotland entered the third coronavirus lockdown under national guidelines, the housing market braced itself for another slowdown following attempts to catch up due to the four-month shut down which commenced in March 2020. To restart the housing market, encourage vendors to increase their selling appetite and push buyers to continue interacting with estate agents, special guidance and legislative changes were unveiled.
Published 22 January 2021
Begbies Traynor: 33,000 Scottish businesses showing signs of early financial distress as restrictions continue
The number of businesses in financial distress in Scotland is continuing to soar with almost 33,000 experiencing early signs of distress in the final quarter of 2020, according to the latest data published today by Begbies Traynor.
Published 21 January 2021
Sharon McDougall, part of Begbies Traynor's Scotland Debt Solutions Team, discusses how a personal debt crisis can be handled during the current COVID-19 pandemic.
Published 24 December 2020
Sharon McDougall, part of Begbies Traynor's Scotland Debt Solutions Team, discusses the outlook for businesses after the end of the furlough scheme.
Published 23 December 2020
Begbies Traynor has reported revenue growth of 11% for the six months ended 31 October 2020, despite the economic upheaval of the coronavirus pandemic.
Published 9 December 2020
Business advisory firm Begbies Traynor has been appointed as liquidator of the Mercure Aberdeen Ardoe House Hotel and Spa.
Published 17 November 2020
The number of Scottish businesses in financial distress has soared by 80%, according to the latest data from Begbies Traynor.
Published 29 October 2020
A record 527,000 UK businesses were in significant financial distress at the end of June 2020 thanks to seven consecutive quarters of increased financial impairment, according to the latest Red Flag Alert research by Begbies Traynor.
Published 30 July 2020
Begbies Traynor: Scotland’s struggling sectors see further distress despite government support measures
Businesses across almost all sectors in Scotland are experiencing further distress despite the support schemes implemented by the government to help combat the economic impact of the COVID-19 outbreak, according to insolvency firm Begbies Traynor.
Published 24 July 2020
Begbies Traynor Group has acquired a portfolio of 503 Scottish personal insolvency cases, including a team of five fee earners, from Grant Thornton UK LLP.
Published 1 June 2020
An unprecedented level of financial stability attained by Scottish football clubs has been wiped out by the coronavirus pandemic pushing many teams to the "brink of insolvency" according to a report published by Begbies Traynor.
Published 13 May 2020
With bars and restaurants across the UK reeling from the impact of social distancing measures, the latest Red Flag Alert data from insolvency specialist Begbies Traynor shows that the sector in Scotland was already under severe pressure with instances of ‘critical’ financial distress in the first quarter of 2020 rising by 500% compared with the same period the previous year.
Published 17 April 2020
The latest Red Flag Alert data gathered by Begbies Traynor found there were large numbers of UK businesses experiencing significant financial distress at the end of March 2020, with the overall figure now exceeding half a million (509,000) for the first time.
Published 17 April 2020
Ken Pattullo, regional managing partner at Begbies Traynor, discusses the importance of cash and how to protect it in times of uncertainty.
Published 25 March 2020