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Begbies Traynor Group
Date:
10/03/2021
Author:Begbies Traynor Group

Sunak’s ‘spend big now, tax big later’ Budget

More than 20 million people around the UK have now received a first dose of the Covid-19 vaccine, marking the fourth-highest vaccination rate worldwide. The UK government aims to extend coverage to everyone over 50 or at risk by 15 April and all adults by 31 July. It paves the way for Prime Minister Boris Johnson’s new four-step “roadmap” to ease England’s lockdown.
Rodgers Reidy
Date:
05/03/2021
Author:Rodgers Reidy

Australian Insolvency - February 2021

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 February 2021 including:
Begbies Traynor Group
Date:
03/03/2021
Author:Begbies Traynor Group

Chancellor discontinues flagship Bounce Back Loan Scheme amid flurry of new fiscal measures

Chancellor Rishi Sunak announced the dissolution of the UK government’s highly popular Bounce Back Loan Scheme (BBLS) in his Budget this lunchtime, which included £65 billion in new fiscal measures to support the UK’s economic recovery from the pandemic.
B. Riley Farber
Date:
02/03/2021
Author:B. Riley Farber

Thinking about exiting your business? Don’t let a pandemic stop you

There’s no doubt the pandemic has disrupted most businesses’ strategic plans, but if you’ve been thinking of exiting your business, now could be the ideal time. Glenn Bowman and Barbara Cowper explain why and provide a step-by-step guide for getting started.
B. Riley Advisory Services
Date:
01/03/2021
Author:B. Riley Advisory Services

B. Riley adds compliance, risk & resilience consulting practice led by Scott Corzine and Duane Lohn

B. Riley Financial, Inc. (NASDAQ: RILY), a leading provider of financial services and business advisory solutions, today announced the addition of a Compliance, Risk and Resilience practice to its financial consulting division, B. Riley Advisory Services.
Begbies Traynor Group
Date:
25/02/2021
Author:Begbies Traynor Group

Defeating zombification of the UK economy is an urgent challenge

The origin causes of ‘zombie’ firms will maintain pressure on banks, and the government, to exercise a greater fiduciary duty in managing distressed SMEs and corporates. This will skew banks’ preferred strategy towards corporate turnarounds, rather than insolvencies, in the management of defaulted loans.
Rodgers Reidy
Date:
22/02/2021
Author:Rodgers Reidy

Australian Insolvency - January 2021

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 January 2021 including:
Begbies Traynor Group
Date:
22/02/2021
Author:Begbies Traynor Group

The return of zombie firms

Pandemic policy responses by the UK government and the Bank of England (BoE) and the reaction from corporates have created the right conditions to breed a new generation of ‘zombie’ companies that could drag on the UK economy if left unchecked.
Begbies Traynor Group
Date:
19/02/2021
Author:Begbies Traynor Group

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

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

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

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

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

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

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