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PROFIT WARNINGS ISSUED BY UK-LISTED COMPANIES INCREASED BY 50% IN 2022

In total, 305 profit warnings were issued in 2022 – an increase of 102 on the
203 issued in 2021, according to EY’s latest Profit Warnings report


FLYBE ENTERS ADMINISTRATION FOR A SECOND TIME

Regional airline Flybe has announced it has entered administration, appointing
Interpath’s David Pike and Mike Pink as its administrators, and has ceased
trading and cancelled all its flights


COMPANY INSOLVENCIES AT ITS HIGHEST SINCE 2009

Company insolvencies in England and Wales hit 22,109 in 2022, the highest number
since 2009 and 57% higher than in 2021, according to the Insolvency Service’s
review for the year


PAPERCHASE ENTERS ADMINISTRATION

High street stationary store Paperchase, which employs around 820 people across
the UK, has entered administration – with officials from Begbies Traynor
appointed as administrators


PROFIT WARNINGS ISSUED BY UK-LISTED COMPANIES INCREASED BY 50% IN 2022

In total, 305 profit warnings were issued in 2022 – an increase of 102 on the
203 issued in 2021, according to EY’s latest Profit Warnings report


FLYBE ENTERS ADMINISTRATION FOR A SECOND TIME

Regional airline Flybe has announced it has entered administration, appointing
Interpath’s David Pike and Mike Pink as its administrators, and has ceased
trading and cancelled all its flights


COMPANY INSOLVENCIES AT ITS HIGHEST SINCE 2009

Company insolvencies in England and Wales hit 22,109 in 2022, the highest number
since 2009 and 57% higher than in 2021, according to the Insolvency Service’s
review for the year


PAPERCHASE ENTERS ADMINISTRATION

High street stationary store Paperchase, which employs around 820 people across
the UK, has entered administration – with officials from Begbies Traynor
appointed as administrators
‹›
Company insolvencies at its highest since 2009Paperchase enters
administrationProfit warnings issued by UK-listed companies increased by 50% in
2022Flybe enters administration for a second time


MORE NEWS


AUSTRALIAN COMPANY LOOKING TO BUY BRITISHVOLT

26-01-2023by Thomas Parker
Australian-based start-up, Recharge Industries, has reportedly lodged a rescue
bid for collapsed electric car battery business Britishvolt

--------------------------------------------------------------------------------




INCREASE IN NUMBER OF UK BUSINESSES IN “SIGNIFICANT” FINANCIAL DISTRESS

25-01-2023by Thomas Parker
More than 600,000 businesses across the UK are in “significant” financial
distress, according to Begbies Traynor’s latest Red Flag report

--------------------------------------------------------------------------------




RECESSION LIKELY TO BE DEEPER THAN PREVIOUSLY EXPECTED

23-01-2023by Thomas Parker
The UK economy is expected to contract by 0.7% in 2023, according to EY ITEM
Club’s winter forecast – bigger than the 0.3% contraction predicted in October
last year

--------------------------------------------------------------------------------




BRITISHVOLT ENTERS ADMINISTRATION

20-01-2023by Thomas Parker
Battery start-up Britshvolt has entered administration, with officials from
EY-Parthenon appointed as its administrators

--------------------------------------------------------------------------------




CPI: INFLATION DROPPED TO 10.5% IN DECEMBER

19-01-2023by Tom Luckham
The annual rate of inflation fell in December, but is still sitting at one of
the highest levels in 40 years at 10.5%

--------------------------------------------------------------------------------




PREFERRED WORCESTER WARRIORS BIDDERS SUBMIT IMPROVED OFFER FOR CLUB

19-01-2023by Thomas Parker
The preferred bidders for former Premiership rugby club Worcester Warriors,
Atlas Worcester Warriors, have submitted an improved offer for the team

--------------------------------------------------------------------------------




DROP IN BOTH MONTH-ON-MONTH CORPORATE AND PERSONAL INSOLVENCIES

17-01-2023by Thomas Parker
Corporate insolvencies fell by 3.25% in December 2022 with a total of 1,964
taking place in England and Wales, according to the Insolvency Service’s latest
figures

--------------------------------------------------------------------------------




UK ECONOMY UNEXPECTEDLY GROWS IN NOVEMBER

13-01-2023by Tom Luckham
Hopes that the UK may avoid a recession in 2022 have been strengthened, as GDP
grew by 0.1% in November, according to the Office for National Statistics (ONS)
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Non-Executive Director
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