Begbies Traynor

The number of UK construction companies in ‘critical’ distress has soared by 70.2% in the last year to 7,361, according to the latest monitor of the financial health of UK companies.

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

The number of construction companies in Scotland experiencing financial distress has increased by 31% in the past three months.

The developers of a prominent Dundee waterfront building have fallen into provisional liquidation. Ken Pattullo and Kenny Craig of Begbies Traynor took the helm as joint provisional liquidators of Dundee-based property development firm Alicydon Limited on 20 June 2023.

Aberdeen-based firm Bespoke Decorators has collapsed with the loss of 15 jobs. The firm, which specialises in all aspects of painting and decorating, had to cease trading due to cashflow issues from a build-up of bad debts and delayed payment from customers. It has been reported that the firm closed

Scotland's real estate & property and construction sectors were two of only three to witness an increase of businesses in ‘significant’ distress since the previous quarter, according to business rescue and recovery specialist Begbies Traynor. The latest Red Flag Alert data shows

National professional services consultancy Begbies Traynor Group has acquired construction sector finance broker MAF Finance Group in a deal worth up to £11.75 million.

While the UK Government’s insolvency prevention measures appear to be delaying companies from entering insolvency, the latest Red Flag Alert data published today by Begbies Traynor has found that in Scotland there has been a 53% year on year rise in the early signs of financial distr

More than 79,000 construction SMEs, employing around 218,000 people across the UK, are at risk of collapse, according to new analysis.

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

Scotland’s real estate and property sector was particularly impacted by trading difficulties during the final quarter of 2020 with the number of firms showing early signs of financial distress increasing by 35% compared to the same period last year. According to the latest data publi

Financial distress is increasing exponentially across Scotland’s economy with real estate, property services and construction businesses experiencing a substantial rise in the advanced signs of financial difficulties since the previous quarter. Red Flag Alert data from insolvency and

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

Instances of ‘critical’ financial distress in Scotland’s construction sector increased by 30% during the third quarter of 2019 compared to the previous quarter, according to the latest Red Flag Alert data from insolvency specialist Begbies Traynor. Monitoring the UK’s fi

Scotland’s construction firms are once again on the front line as one of the sectors worst affected by growing advanced or ‘critical’ distress, according to Begbies Traynor. Latest data from the insolvency specialist found a dramatic rise in the number of businesses that have had w