Begbies Traynor

1-15 of 60 Articles
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Begbies Traynor has appointed insolvency specialist Kevin Mapstone as a director based at its Edinburgh office. With over 25 years’ experience in financial services, Mr Mapstone joins from an insolvency firm in Paisley where he spent almost four years as an insolvency practitioner, having prev

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A growing number of businesses in Scotland are showing early signs of financial distress, according to Begbies Traynor. The independent business rescue and recovery specialist today published its latest Red Flag Alert data, showing a rise in financial distress in Scotland and the UK in the third qua

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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

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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

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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

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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

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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

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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

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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.

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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

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