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Begbies Traynor Group
Date:
17/12/2024
Author:Begbies Traynor Group

Begbies Traynor expands British Virgin Islands team with strategic hire, Elaine Hanrahan

Begbies Traynor Group (“Begbies Traynor” or the “Group”) is pleased to announce the appointment of Elaine Hanrahan as partner in its British Virgin Islands (BVI) office.

Bitcoin
Begbies Traynor Group
Date:
02/12/2024
Author:Begbies Traynor Group

Trump’s return to the White House ushers in pro-crypto US regulatory regime propelling bitcoin to almost $100,000

Bitcoin’s ascent to a fresh all-time high (ATH) to a whisker under $100,000 in November was fuelled by optimism surrounding President-elect Donald Trump’s return to the White House, along with the Republican’s sweep of majorities in the Senate and House of Representatives.

Fraud Pic
Begbies Traynor Group
Date:
22/11/2024
Author:Begbies Traynor Group

Failure to prevent fraud – at a glance

In a bid to hold large organisations to account if they benefit from fraud, the Economic Crime and Corporate Transparency Act 2023 (ECCTA) introduced a new corporate criminal offence of “failure to prevent fraud” (‘the offence’).

Managers Oversights
Rodgers Reidy
Date:
19/11/2024
Author:Rodgers Reidy

How effective and independent is a manager’s oversight of unlisted asset valuations?

Following our previous deep-dive article on common issues and biases in unlisted valuations, we now look further at the teams of an investment manager (fund manager or super fund) who oversee unlisted valuations to ensure they are free from error and bias.

Begbies Traynor Group
Date:
11/11/2024
Author:Begbies Traynor Group

Budget cost squeeze threatens fresh wave of private care home closures

The UK Autumn Budget has intensified financial pressures on the private care home sector, already weakened by chronic underfunding and staffing shortages. Higher employer National Insurance Contributions (NICs) and a rise in the National Living Wage (NLW) will impose significant additional costs, threatening a fresh wave of closures.

Begbies Traynor Group
Date:
05/11/2024
Author:Begbies Traynor Group

Hospitality and leisure sector faces Budget pressures and changing consumer preferences

Last week’s Budget introduces new cost pressures for low-wage sectors through higher employer National Insurance Contributions (NICs), resulting in a disproportionate tax increase for employers of low-paid workers. Businesses will be unable to fully recoup these costs over time by squeezing wages, due to the coming rise in the National Living Wage (NLW).

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Begbies Traynor Group
Date:
21/10/2024
Author:Begbies Traynor Group

90s Rock Band Limp Bizkit Sues UMG Over Fraudulent Accounting Practices

Rock band Limp Bizkit’s lawsuit against Universal Music Group (UMG) is a high-profile, decades-long contractual dispute that alleges deliberate royalty concealment, financial mismanagement, fraud and breach of contract by one of the world’s largest record labels.

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Begbies Traynor Group
Date:
18/10/2024
Author:Begbies Traynor Group

Red Flag Alert Report - Q3 - Uncertain outlook for the UK economy pushes a record number of businesses into significant financial distress

632,756 UK businesses are in ‘significant’ financial distress, up 5.1% on the prior quarter (Q2 2024: 601,950) and 32.3% higher than Q3 2023 (478,176)

Begbies Traynor Group
Date:
14/10/2024
Author:Begbies Traynor Group

The Restructuring Round Up Podcast by BTG Advisory

The Restructuring Round Up dives into the world of corporate restructuring. Join our panel of experts as we explore the latest trends, challenges and strategies across diverse sectors. With in-depth discussions featuring industry experts, professional leaders and business advisors.

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PLUTA Rechtsanwalts GmbH
Date:
30/09/2024

Knoche continuing to operate without restrictions

Knoche Maschinenbau GmbH from Bad Nenndorf in Lower Saxony has filed for insolvency. On 26 September 2024, the Local Court of Bückeburg ordered provisional insolvency proceedings for the company’s assets.

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Rodgers Reidy
Date:
24/09/2024
Author:Rodgers Reidy

The Benefits of Hospitality Businesses Utilising Small Business Restructuring Services to Restructure Debts in Australia

In the dynamic and often unpredictable world of hospitality, financial stability can sometimes be elusive. For many hospitality businesses in Australia, the challenges of managing debt can be overwhelming. However, the introduction of the Small Business Restructuring Process (SBRP) offers a lifeline.

Rodgers Reidy
Date:
24/09/2024
Author:Rodgers Reidy

When directors and shareholders fall out: Safe Harbours as another tool for business advisors!

Directors and shareholders can fall out for a variety of reasons. Sometimes there is fraud or dishonesty but often it is a mismatch between governance styles, risk appetite, views of the future and the value each brings to the table. Skills that may have been vital in the startup phase may be redundant, if not dangerous, to a mature business.

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Rodgers Reidy
Date:
24/09/2024
Author:Rodgers Reidy

Unlisted valuations, potential issues and biases

This article explores the key differences that can arise between listed and unlisted valuations, and the strengths and weaknesses of each methodology, taken from the viewpoint of someone who has worked on both sides of the fence.

Unlisted valuations are receiving increasing regulatory attention in Australia, with some outspoken market observers having labeled unlisted valuation practices as ‘dodgy’, while others continue to promote the methodology as superior to listed market valuations, which can be ‘irrational’ at times.