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B. Riley Farber
Date:
18/01/2021
Author:B. Riley Farber

Farber Advises Company in Obtaining $35M Asset-Based Financing

Farber is pleased to have acted as the exclusive financial advisor to obtain $35M in asset-based financing from a non-bank lender for a Canadian manufacturer and distributor of toys and hand sanitizer.
Begbies Traynor Group
Date:
18/01/2021
Author:Begbies Traynor Group

BTG Global Advisory Announces Offshore Expansion

BTG Global Advisory (BTG GA) member, Begbies Traynor Group plc, today announces that it has completed the acquisition of CVR Global LLP (“CVR”). CVR is a leading independent firm of insolvency pra
Begbies Traynor Group
Date:
12/01/2021
Author:Begbies Traynor Group

Covid debt mountain looms when pandemic finally brought to heel

The latest UK national lockdown represents a new kind of challenge for the Government: to articulate to Covid-weary households and businesses that things will soon get better, but first they will worsen. An ambitious national vaccination campaign is underway, raising hopes that the end of the pandemic is in sight. However, at the same time we are in the grip of the virus with rates of infection soaring, exacerbated by a virulent new strain. The latest lockdown aims to protect the NHS and save lives, but it will also increase business failures. Indeed, once Covid-19 is finally brought to heel, the next challenge will be the Covid corporate debt mountain, amassed by companies forced to accept additional leverage through government loan schemes to bolster their survival prospects.
Begbies Traynor Group
Date:
22/12/2020
Author:Begbies Traynor Group

Retail and hospitality braces for a bleak winter as covid-19 takes its toll

In the run-up to Christmas, new data from leading insolvency firm, Begbies Traynor, has revealed the full impact of the Covid-19 crisis and tough trading conditions, which shows that nearly 40,000 (39,232) retailers – including both online and bricks and mortar stores – are now in significant financial distress.
Rodgers Reidy
Date:
18/12/2020
Author:Rodgers Reidy

Webinar Recording: Return to Work 2021 (the road to recovery)

The video from our Lunch N Learn session on 16 December 2020 on Return To Work issues, including Employment and the Property outlook for 2021 with panelists Brent Morgan, Neil Salvador, Paul Sutherland and Neil McLean.
Begbies Traynor Group
Date:
14/12/2020
Author:Begbies Traynor Group

UK Expands Support to Export Finance

Access to export loans has been widened in an effort to boost export activities as the post-Brexit transition period nears its end.
Rodgers Reidy
Date:
03/12/2020
Author:Rodgers Reidy

Can PPSA protect a Directors personal position?

In these challenging times, many business owners are facing circumstances that they have never faced before.
Rodgers Reidy
Date:
02/12/2020
Author:Rodgers Reidy

How are a director’s outstanding employee entitlements dealt with in a Liquidation?

An Insolvency Practitioner’s response to this question is guided by the definition of “Excluded Employee” within Section 556 of the Corporations Act 2001.
Rodgers Reidy
Date:
01/12/2020
Author:Rodgers Reidy

Australian Insolvency - November 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 November 2020
Begbies Traynor Group
Date:
01/12/2020
Author:Begbies Traynor Group

Could the government pivot to a regional-focused SME lending programme post-CBILS?

After Prime Minister Boris Johnson reluctantly announced a second national lockdown in England on Halloween to suppress the second wave surge in coronavirus cases, Chancellor Rishi Sunak responded by extending the government’s flagship loan schemes. It was perhaps inevitable, but the current extension may be the last.
Rodgers Reidy
Date:
20/11/2020
Author:Rodgers Reidy

Webinar Recap 18 November 2020: Australia vs USA Clash of the Debtor in Possession

Rodgers Reidy hosted an insightful webinar on 18 November 2020, featuring Wayne Weitz from B. Riley Financial (USA) and Andrew Barnden from Rodgers Reidy (Aus), with others as they explored the new Debtor in Possession rules that will be used in Australia.
Begbies Traynor Group
Date:
19/11/2020
Author:Begbies Traynor Group

Pandemic to accelerate SME’s embrace of alternative lenders

The maturity of the UK’s private debt market over the last decade represents a significant silver lining for growth-focused SMEs navigating the intensifying second wave of the pandemic. Back in 2008, UK high street banks controlled over 90% of the SME market for refinancing and new lending, but they were also at the epicentre of the crisis, which limited liquidity.
BTG Global Advisory
Date:
19/11/2020

BTG Global Advisory Announces Further Expansion

BTG GA’s Reach Extends to Mexico and Russia
PLUTA Rechtsanwalts GmbH
Date:
16/11/2020
Author:PLUTA

PLUTA expert Ivo-Meinert Willrodt appointed provisional administrator for Bäumler Fashion

Bäumler Fashion GmbH has filed for insolvency proceedings to be opened for its assets. On 8 October 2020, the Local Court of Ingolstadt ordered provisional insolvency proceedings and appointed Mr Ivo-Meinert Willrodt from PLUTA Rechtsanwalts GmbH as provisional administrator. The fashion house based in Ingolstadt has had to file for insolvency due to liquidity problems as it has recently seen significant declines in sales due to the COVID-19 pandemic.
Rodgers Reidy
Date:
16/11/2020
Author:Rodgers Reidy

Professional Practice – When it pays to be the worst performing partner

Most businesses are valued on an earnings basis, and as you might expect, in general the more a business earns the more a business is worth. In simple terms if a business is worth more on an earnings basis than a net assets basis then the difference between the value of the business and the value of the net assets is known as the goodwill.