Begbies Traynor

Scottish businesses faced a sharp rise in financial distress in the second quarter of 2024, exceeding the UK average, according to Begbies Traynor. The business rescue and recovery firm's Red Flag Alert research revealed 30,435 businesses in Scotland experienced 'significant' financial distress (whi

Financial distress in Scottish football clubs has fallen significantly, with only three clubs (7%) in Scotland's top four leagues showing signs of trouble compared to eight a year ago, according to Begbies Traynor's March 2024 Football Distress Survey. This contrasts with a peak of 14 clubs in distr

Begbies Traynor Group has reported its tenth consecutive year of growth, boosted by both a surge in small business insolvencies and a promising outlook for the property sector. The firm posted a pretax profit of £22 million for the year ended 30 April 2024, up from £20.7m the previo

While UK inflation remains sticky and the prospect of interest rate cuts is moving further away, businesses in Scotland once again saw both advanced and early signs of financial distress rise in the first quarter of 2024 compared with Q1 2023, according to Begbies Traynor. The latest Red Flag A

Efforts to secure a buyer and continue trading Kirriemuir-based AAD Transport, which went into administration earlier this month, have been unsuccessful, resulting in the redundancy of 65 employees. Joint administrators, Ken Pattullo and Kenny Craig of Begbies Traynor, commenced

Ken Pattullo and Kenny Craig, of Begbies Traynor, have taken over the administration of Kirriemuir-based haulage firm AAD Transport Ltd. Established in 2011, family-run AAD Transport employs 65 staff and operates mainly across the UK. It also offers services to customers in some regions of Spain and

Sharon McDougall, a DAS-approved money adviser at Scotland Debt Solutions, part of Begbies Traynor Group, outlines the implications of company administration for employees. Company administration is a statutory process that provides respite from creditor pressure for companies in financial dist

Livingston-headquartered Evoframes on has been bought out of administration saving all 76 jobs.

The number of Scottish businesses experiencing advanced or "critical" financial distress rose by 26% in the last quarter of 2023, according to independent business rescue and recovery specialist Begbies Traynor. The figures, which are in line with the UK as a whole, are included in the company's lat

The business landscape in Scotland has become increasingly strained due to a combination of high interest rates and escalating operating costs, leading to growing numbers of businesses experiencing either early or advanced financial difficulties. As detailed in the latest Red Flag Alert data fr

Scottish businesses are bearing the weight of both the prolonged effects of the pandemic and the mounting financial challenges stemming from escalating interest rates, which have intensified debt costs. Business rescue and recovery specialist Begbies Traynor unveiled that there was a year-on-year su

Financial intermediary MAF Finance Group (MAF), which works across the UK, has established a base in Edinburgh to strengthen its presence in Scotland. The business has also appointed experienced lending specialists Nick Elder and Deborah Louden to head up its Scottish operation.

Restructuring firm Begbies Traynor has reported an 11% rise in revenue, from £110 million to £121.8m, and a 16% increase in adjusted profit before tax, from £17.8m to £20.7m, for the financial year ending 30 April 2023. This success was attributed to the firm's expanded focus

Ken Pattullo and Kenny Craig of Begbies Traynor have taken the helm as joint provisional liquidators of Dundee-based property development firm, Alicydon Limited, after it fell into provisional liquidation on 20 June 2023. The company, which specialised in property redevelopment, had successfully sec

Ken Pattullo and Kenny Craig, partners at Begbies Traynor, were appointed as joint liquidators of the Highlander Hotel Ltd which traded as the Lomond Hills Hotel in Fife, on 6 March 2023. Located at the foot of the Lomond Hills in Freuchie, Cupar, the eighteenth century converted coaching inn dates