News & Insights
Begbies Traynor Group
Date:
19/02/2021
Author:Begbies Traynor Group 19/02/2021
VAT Reverse Charge: Assessing the impact on cash flow
Having already been delayed twice, the VAT reverse charge will finally come into force for those within the building and construction sector on 1 March 2021. This will see the way in which some companies operating within the industry change the way they handle, invoice and pay VAT.
Begbies Traynor Group
Date:
05/02/2021
Author:Begbies Traynor Group 05/02/2021
A different kind of NPL wave is on the way
The UK Government and Bank of England’s (BoE) extraordinary monetary and fiscal support averted a full-blown UK corporate insolvency crisis last year. But a new wave of non-performing loans (NPLs) is merely delayed.
B. Riley Farber
Date:
04/02/2021
Author:B. Riley Farber 04/02/2021
Farber Adds Wealth Management to its Suite of Services
We are excited to announce that Farber, in collaboration with iA Financial Group (iA), is adding wealth management to our suite of services. At Farber, we believe that solving complex challenges and achieving exceptional results requires a multifaceted approach. With the addition of Farber Wealth, we are expanding our capabilities to help our clients succeed and seamlessly bridge their two worlds—the personal and professional.
Begbies Traynor Group
Date:
02/02/2021
Author:Begbies Traynor Group 02/02/2021
Begbies Traynor and Rodgers Reidy Collaborate over Tucan Travel Administration
Specialist tour operator and travel agency Tucan Limited has ceased trading with the immediate loss of nine jobs. The company filed a notice of intention to appoint Gareth Prince, Mark Malone and Joanne Hammond of insolvency specialists, Begbies Traynor as administrators on 2 February 2021 after falling into unprecedented financial difficulties as a result of the Covid-19 pandemic. It is anticipated that the company will formally enter into administration on or before 16 February 2021.
Rodgers Reidy
Date:
01/02/2021
Author:Rodgers Reidy 01/02/2021
Rodgers Reidy Unite with Ascent Partners to provide business turnaround services
We are delighted to announce that Rodgers Reidy have united with Ascent Partners to bring business turnaround services to the printing industry. Ascent Partners specialise in service to the Australian Printing Industry, and together with Rodgers Reidy can provide a wide range of services to struggling printing businesses. A free initial consultation is offered by both Rodgers Reidy and Ascent Partners.
Rodgers Reidy
Date:
29/01/2021
Author:Rodgers Reidy 29/01/2021
New Simplified Liquidation Pathway
The Creditors Voluntary Liquidation (CVL) process in Australia has been streamlined by the Federal Government providing a simpler pathway that will be quicker while providing better returns for creditors. A new streamlined liquidation pathway was enacted by the Australian Federal Government on 1 January 2021 which is intended to reduce time and cost in the creditors voluntary liquidation (CVL) process and aims to ensure better returns for creditors.
B. Riley Farber
Date:
27/01/2021
Author:B. Riley Farber 27/01/2021
Asset-Based Bridge Loan: Managing Difficulty Amid Distress
Read here about how BTGGA founding member Farber saved a Southern Ontario manufacturer and distributor from the brink of insolvency. The business had found itself in a precarious situation with its b
B. Riley Advisory Services
Date:
27/01/2021
Author:B. Riley Advisory Services 27/01/2021
B. Riley Advisory Services Named Turnaround Consulting Firm Of The Year
The 12th Annual Turnaround Atlas Awards were held virtually on 21-22 January 2020, and BTG Global Advisory founding member B. Riley Advisory Services was named Middle Market Turnaround Consulting Fi
PLUTA Rechtsanwalts GmbH
Date:
26/01/2021
Author:PLUTA 26/01/2021
WEBINAR: Rising of a new star? The new German Restructuring Law (StaRUG)
23 February 2021 According to the current planning, Germany will have one of the most modern restructuring frameworks (StaRUG) outside insolvency within Europe from January 1, 2021. With the new StaRU
Begbies Traynor Group
Date:
21/01/2021
Author:Begbies Traynor Group 21/01/2021
630,000 UK businesses now in significant financial distress as new lockdown comes into effect
The latest Red Flag Alert research for Q4 2020 has recorded 630,000 businesses in ‘significant distress1’ after the largest numerical quarterly leap (73,000) in financially distressed companies since Q2 2017. This 13% increase (from 557,000 in Q3 2020) comes as the UK is plunged into another nationwide lockdown.
Rodgers Reidy
Date:
20/01/2021
Author:Rodgers Reidy 20/01/2021
Australian Insolvency - December 2020
The tables in the following link summarise data essentials captured from Rodgers Reidy's daily Risk Watch publication, which provides a synopsis of the insolvency market for December 2020 including:
PLUTA Rechtsanwalts GmbH
Date:
19/01/2021
Author:PLUTA 19/01/2021
PLUTA attorney Dr Kaufmann appointed provisional administrator for long-standing logistics company
PLUTA restructuring expert Dr Christian Kaufmann is involved in proceedings for another company from the logistics sector, which is currently facing major challenges. On 5 January 2021, the Local Court of Syke ordered provisional insolvency proceedings to be opened for the assets of Louis Neukirch GmbH from Stuhr, near Bremen. Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH was appointed provisional administrator for the long-standing company, which was founded in 1824 and has therefore been in business for almost 200 years.
Rodgers Reidy
Date:
19/01/2021
Author:Rodgers Reidy 19/01/2021
Webinar Recording: How to Lose a President in 10 Days
The Rodgers Reidy January 2021 webinar featuring Brent Morgan (Rodgers Reidy - Melbourne) and Wayne P. Weitz, CTP (B Riley Advisory Services - New York) where they discuss the current situation in the United States surrounding the presidential election, inauguration, impeachment, riots and others matters, including the effect it may have on the Australian economy and business can be watched in the video in the link below.
Begbies Traynor Group
Date:
18/01/2021
Author:Begbies Traynor Group 18/01/2021
Brexit deal offers businesses new freedoms and red tape
An hour before New Year’s Day, at 11pm on 31 December 2020, the UK completed its formal departure from the European Union (EU). It was an unceremonious conclusion to the four-and-a-half-year saga since the referendum. Nevertheless, a new era has now begun – with new freedoms and new bureaucracies. On Christmas Eve, the EU-UK Trade and Cooperation Agreement (TCA) was agreed. Together with 2019’s Withdrawal Agreement, these two treaties now govern the UK’s future trading relationship with its largest, and nearest, neighbour – worth around £670bn in 2019.
Rodgers Reidy
Date:
18/01/2021
Author:Rodgers Reidy 18/01/2021
Changes to Director Penalty Notices go un-noticed
Among all of the changes during the past 12 months to the business landscape in Australia, a critical change for Directors’ personal liability may not have been as widely talked about as it otherwise would have. 2000+ Strong team
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