Begbies Traynor

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 thei

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.  This 30% increase compared with the same period the previous y

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. The coronavirus pandemic has been a testing period for workers across the country as work reduces, income halts and employees are placed

Sharon McDougall, part of Begbies Traynor's Scotland Debt Solutions Team, discusses the outlook for businesses after the end of the furlough scheme. The Coronavirus Job Retention Scheme (CJRS) continues to provide a lifeline to millions of workers across the country during the coronavirus pandemic b

Begbies Traynor has reported revenue growth of 11% for the six months ended 31 October 2020, despite the economic upheaval of the coronavirus pandemic. The professional services provider said it has 'maintained a strong financial position' in the six month period with first-time contribution from pr

Business advisory firm Begbies Traynor has been appointed as liquidator of the Mercure Aberdeen Ardoe House Hotel and Spa.

The number of Scottish businesses in financial distress has soared by 80%, according to the latest data from Begbies Traynor.

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.

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.  The country’s beleaguered hotels, bars a

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. The acquisition is for an initial consideration of £0.25 million and additional contingent consideration of up to £0.25m, subject to

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.  Scottish football club finances had gained unprecedented sta

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 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.  The research has revealed the larg

Ken Pattullo, regional managing partner at Begbies Traynor, discusses the importance of cash and how to protect it in times of uncertainty.  Cash flow is the lifeblood of any business, and certainly in the short term more important than profitability. The money coming into your business ensures

In the wake of the coronavirus outbreak, the number of UK companies in financial distress has surpassed half a million.