Crown Preference – The End of Inventory Funding? Supported by Kroll

On 8th April TMA UK hosted an insightful webinar where a group of expert panellists discussed the impact of Crown preference restoration on inventory funding and the implications for businesses funded by working capital facilities reliant on...

Impact of Brexit on applicable law in cross-border insolvencies

From 31 December 2020, the European Regulation on Insolvency Proceedings (the “EIR”) ceased to apply in the UK. As a result:

The EIR provides the rules for when the law of the place in which the insolvency proceedings have been opened can be...

Hilco Valuation Services Europe Hires Nick Hughes

Hilco Valuation Services Europe (HVSE) and Hilco Real Estate Advisory UK and Europe whose service delivery includes, Machinery and Equipment, Stock and Inventory, Intellectual Property and Account Receivables are delighted to announce the...

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.

For many corporates, the cost of...

Year End Review and 2021 Outlook

Year End Review and 2021 Outlook
 
At BREAL Zeta, our team is proud to have achieved a number of key milestones that would have been considered highlights in any year and are all the more remarkable given the circumstances of the past 12 months....

Six Nations Competition

Dry January has finished, February is upon us and that means it’s almost time for Round One of the Six Nations!

Whilst we cannot attend six nations matches and celebrate over a few drinks together, we thought it would be good to reignite some...

BREAL Zeta has structured and delivered a £16m asset-based lending facility

BREAL Zeta provides £16m ABL facility to support the acquisition of Evtec Automotive out of administration, saving 100 jobs and creating up to 50 more

BREAL Zeta has structured and delivered a £16m asset-based lending (ABL) facility to enable...

Five Retail Trends Post Covid

In this video, Nick Taylor, Senior Managing Director, International Retail at Gordon Brothers analyses the five key retail trends we are seeing post Covid and explores which habits are ‘sticky’ and which do we see changing in 2021 & beyond.

Visit...

BREAL Zeta closes £90m deal in exceptional times

Before 2020 draws to a close, we are delighted to announce that BREAL Zeta has just completed a £90m transaction.

Rob Wakeford, Managing Director, UK Sales at BREAL Zeta, said: "These truly are exceptional times, which makes this deal completion...

Cryptocurrency – Not Just Physical Assets Require Recovery in Investigations

On 23rd November TMA in partnership with Kroll, a division of Duff & Phelps hosted an insightful webinar on the subject of cryptocurrency and how it can be recovered as part of a liquidation investigation. Three experts from Kroll’s Business...

BREAL Zeta delivers £6.2m ABL facility to help Turbine Efficiency propel future growth

Specialist asset-based lender, BREAL Zeta has completed a £6.2m funding facility for Turbine Efficiency Limited, an ESO Capital portfolio company. The facility will enable the business to deliver on its ambitious growth strategy.
 
Headquartered...

BREAL Zeta supports acquisition of Oak Furnitureland with £25m ABL facility, saving 1,500 jobs

The asset-based lending facility, totalling £25m for an initial term of 18 months, comprised a £20m inventory line and £5m cash flow loan. An investor bought out the furniture retailer via a pre-pack administration deal following a sale process...

Offshore restructuring

On Wednesday 16 September 2020, Mourant kindly hosted a webinar on obtaining restructuring assistance in Cayman, the BVI and the Channel Islands.

The discussion focussed on the type of assistance which can be obtained and the high degree of...

Embracing the NEW Normal

As the economic landscape continues to change and as discontinuity becomes default, we believe that the new environment will give opportunities for businesses to revisit their financing and capital needs building a platform to drive future growth....

SIA Group announces promotions to the Executive Team

SIA Group (SIA), a leading asset valuation, advisory and auction firm has promoted Ian Dyer and Mark Driscoll to its executive management team. The senior appointments not only recognise Ian and Mark’s achievements as leaders in the business, but...

Breal Zeta Half Year Highlights

There is no doubt that the ensuing uncertainty created by the Covid-19 pandemic and its impact on the business environment in the first half of 2020 has created significant challenges for many SMEs. Whilst financial institutions have been inclined...

Gordon Brothers Identifies Post Covid-19 Emerging Retail Trends

Gordon Brothers, the global advisory, restructuring and investment firm, has released an article identifying key retail trends that are emerging post Covid-19, available at: https://gordonbrothers.co.uk/covid19-trends.

As countries continue their...

Staying on the Right Side of Wrongful Trading

Staying on the Right Side of Wrongful Trading - Challenges and Risks Facing Directors in the Current Climate

TMA UK, in association with Duff & Phelps and Kroll, a division of Duff & Phelps, hosted a webinar on 8th July where a panel of experts...

CA Global Partners Inc. Appoints Dan Main as Director of Business Development

LOS ANGELES, July 2, 2020 /PRNewswire/ -- CA Global Partners Inc. (CAGP) - A global leader in asset management and capital recovery, further expands its presence in the EMEA region with the appointment of Dan Main as Director of Business...

SIA Group continues regional expansion with key appointment in Birmingham

SIA Group is delighted to announce the appointment of David Ross MRICS as Head of Restructuring Services for its Birmingham Office, further strengthening its regional team.

David brings extensive asset valuation and disposal experience to the fast...

BREAL Zeta strengthens structuring team with new analyst appointment

BREAL Zeta strengthens structuring team with new analyst appointment

Asset-based lending specialist, BREAL Zeta Commercial Finance is delighted to announce the appointment of Mike Bryon as a Credit Analyst. BREAL Zeta offers structured asset-based...

CORPORATE INSOLVENCY AND GOVERNANCE BILL – MAJOR INSOLVENCY REFORMS PROPOSED

The Government on 20 May 2020 published the Corporate Insolvency and Governance Bill, which contains the most far-reaching reforms to UK insolvency law in over 30 years. The Bill has been introduced on an emergency basis in an attempt to ensure that...

BREAL Zeta appoints Kevin Yates as Risk Director in latest high profile move

BREAL Zeta, the UK asset based lending specialist, today announces the appointment of Kevin Yates as Risk Director, the latest of a string of key appointments. Kevin will be responsible for BREAL Zeta’s risk management framework and for building on...

How Can I Deal With Creditor Pressure During the Coronavirus Pandemic?

The coronavirus pandemic has rendered entire industries unable to operate effectively, with businesses striving to retain cash simply to survive. Managing this escalating situation can be overwhelming for all of us and it is easy to feel powerless,...

BREAL Zeta fuels growth for Sonan Bunkers with $10m export receivables finance facility

BREAL Zeta Commercial Finance has structured a USD $10,000,000 export receivables finance facility to support the expansion of Sonan Bunkers (UK) Ltd. This transaction, which has an 18-month facility term, delivers more than double the quantum of...

Coronavirus pushes financially distressed companies over the half-million mark

The latest Red Flag Alert data for Q1 2020 found there were large numbers of UK businesses experiencing significant financial distress at the end of March 2020, with the overall figure now exceeding half a million for the first time. 

New research...

BREAL Zeta announces expansion in the North West with key appointments

BREAL Zeta Commercial Finance has expanded its regional footprint in the North West, with the appointments of Annabel Todd, who takes up the position of North West Regional Business Development Director and Andrew Welden, who joins the business in...

COVID-19 - 8th April Webinar - Recording

TMA UK were delighted to have teamed up with their Corporate Sponsor, Herbert Smith Freehills to host their first online Webinar this week titled: COVID-19: Consideration from a restructuring, turnaround and insolvency perspective.

Over 400+...

Maintaining a positive mindset about your business during the current crisis

Nobody would deny that the current pandemic-induced situation is a worrying time for SME business owners but they should do everything they can to maintain a positive mindset.

It helps to see if there are potential opportunities for either new ways...

Entering unchartered waters -  Surviving the Economic impact of Coronavirus

The economic consequences of the Coronavirus epidemic have heavily impacted stock markets worldwide as investors quantify and manage the risks in underlying businesses often by quickly disposing of their investments. Whilst investors can liquidate...

Why Time to Pay Arrangements Matter to Your Business

When facing financial pressures, and where cash is a precious commodity, a Time to Pay (TTP) arrangement with HM Revenue & Customs (HMRC) can be a key component of a successful turnaround plan that preserves your clients’ futures and safeguards...

FREE WEBINAR: New Pension Schemes Bill: Game-changer for Debtors with DB schemes

FREE WEBINAR: Game-changer for corporate refinancing, reorganisation and restructuring where Debtor has a DB scheme: New Pension Schemes Bill imposes far reaching sanctions and liabilities for directors, investors, lenders and advisors.

The...

Wells Fargo supports refinancing of AJ Walter Aviation

LONDON – February 21, 2020 –  AJ Walter Aviation Limited, part of the AJW Group (AJW), the world-leading independent specialist in the global management of aircraft spares, closed a $70m senior secured credit facility with Wells Fargo Capital...

PRESS RELEASE - Hilco Valuation Services Europe Hires Real Estate Veteran Edward Jeffery

London, UK – January 20, 2020 -- Hilco Valuation Services Europe and Real Estate Advisory Services UK and Europe are pleased to announce the appointment of Edward Jeffery as Associate Director of the Real Estate Advisory Services department. Mr....

Wells Fargo provides financing to Fortress for its acquisition of Majestic

Financing package to support UK’s leading specialist wine retailer

LONDON – January 28, 2020 –  Wells Fargo Capital Finance (UK) Limited, part of Wells Fargo & Company (NYSE: WFC), announced today that it provided acquisition and working capital...

High Court upholds strike out of fiduciary duties breach claim

In a recent decision the High Court has held that a financial institution which is alleged to have been a shadow director of its customer will not be liable for breach of fiduciary duty unless the breach is linked to an instruction or direction...

Wells Fargo Capital Finance UK team Wins Asset Based Lender Deal of the Year from Insider Media

LONDON – October 31, 2019 – Wells Fargo Capital Finance (UK) Limited, part Wells Fargo & Company (NYSE: WFC), is
pleased to announce that on October 24 it won the Asset-based Lender Deal of the Year award from Insider Media Limited
for the Bright...

Wells Fargo Capital Finance UK Strengthens its Originations Team

LONDON – October 31, 2019 – Wells Fargo Capital Finance (UK) Limited, part Wells Fargo & Company (NYSE: WFC),
announced today that it has appointed Jake Hyman and Julian Osborne as business development officers – effective
November 1. Reporting to...

UK Shops Lie Empty

According to figures released under the Freedom of Information Act (FOI), 15.9% of all shops and retail outlets in the UK now lie empty. These figures quantify the scale of the challenge facing the UK high street after one of the toughest trading...

Wells Fargo Capital Finance provides funding facility to Laura Ashley Prestigious lifestyle brand

Prestigious lifestyle brand completes financing arrangement

LONDON – September 17, 2019 –  Wells Fargo Capital Finance (UK) Limited, part of Wells Fargo & Company (NYSE: WFC), announced today that it has provided an Asset Based Loan (ABL) to Laura...

Partners announced at Manchester restructuring group’s Canary Wharf office

BTG Advisory, the boutique advisory arm of Manchester-based insolvency expert Begbies Traynor Group, has appointment four new partners to its London Canary Wharf office, as the advisory firm delivers on its growth ambitions and expands its corporate...

The New Frontier: Cross-Border Asset Recovery Strategies Across Divergent Markets

Executives from Gordon Brothers offer tips for recovery in this complicated global environment.

As our economies become more and more global, we have entered a new era of cross-border transaction structuring. International lending and liquidation...

Job Opportunity Gordon Brothers

Manager, Marketing
London

Due to internal growth and promotion, we are looking for a generalist marketer to join our team in Europe.  This is a great opportunity for someone who wants to be part of a growing, global firm who thrives on working in...

The reputational benefits of acquisitions

If your business has a comfortable financial footing and is at the point where it is seeking to increase its market share, you may consider a merger or acquisition to achieve this goal. By taking ownership of another business or its assets, you can...

Wells Fargo Capital Finance to sponsor TMA UK Annual Conference 2019

Wells Fargo Capital Finance, a unit of Wells Fargo Commercial Capital, provides comprehensive asset-based lending, supply chain finance, and technology finance to a wide spectrum of companies across the UK

With offices in London, Birmingham, and...

EU Updates its Blacklist of Non-Cooperative Jurisdictions in Taxation Matters

On March 12, 2019, the European Union (EU) updated the EU Blacklist of Non-Cooperative Jurisdictions in Taxation Matters (“EU Tax Blacklist”) and added 10 new jurisdictions to the list, including Aruba, Barbados, Belize, Bermuda, Fiji, the Marshall...

Wells Fargo Capital Finance Provides New Financing Package to Bynder B.V.

Bynder completes capital facility to support its global growth

LONDON – May 2, 2019 – Wells Fargo Capital Finance (UK) Limited, a unit of Wells Fargo Commercial Capital, announced today that it has provided a senior-secured credit facility to...

Job Opportunity Gordon Brothers London

Corporate Counsel – International

Located in London

Since 1903, Gordon Brothers has helped lenders, operating companies, advisors, and investors move forward through change. We bring a powerful combination of expertise, operational experience, and...

Wells Fargo Capital Finance Supports Financing for essensys

LONDON – May 1, 2019 – Wells Fargo Capital Finance (UK) Limited, a unit of Wells Fargo Commercial Capital, announced today that it has provided a senior-secured credit facility for essensys, which provides software to the global coworking industry....

Impact on Withholding Taxes in the Event of a No-deal Brexit

On March 20, 2019, HM Revenue and Customs (HMRC) published guidance on the impact a no-deal Brexit would have on withholding taxes for interest, royalties and dividends.

Interest and royalties received from EU countries

Currently, the EU Interest...

Castle Square and Wells Fargo Capital Finance UK wraps up funding deal for Corrboard

LONDON – March 20, 2019 – Scunthorpe based corrugated sheet manufacturer, Corrboard UK Limited, received a £12 million funding package from U.S. financial services company, Wells Fargo Capital Finance UK, a transaction that was sourced and advised...

Scott Fuller Joins London Office as Director

Gordon Brothers Bolsters Global Valuation Practice with European Leadership Appointment
Scott Fuller Joins London Office as Director

March 20, 2019, London, United Kingdom – Gordon Brothers, the global advisory, restructuring and investment firm,...

Does your bank understand tech companies?

By James Cunnah, Wells Fargo Capital Finance Technology Finance UK and Matt Maclay, Wells Fargo Capital Finance, Technology Finance

For software firms, access to capital can depend on experienced lenders who see value beyond traditional financial...

Job Opportunity at Beer & Young Ltd: We’re seeking Associates to grow our team.

Are you looking to use your wealth of commercial experience to move into a flexible, self-employed, home-based role? Are you the type of person who has the right skillset to help find capital for SMEs?

We are looking to grow our team of Associates,...

New book charts turnaround management’s journey and plots path ahead

One of the most experienced and respected figures in global turnaround management is examining the major developments in the sector over the past 25 years in a new book.

Alan Tilley, the founder and chairman of UK restructuring firm BM&T European...

Data Protection Predictions 2019

2018 was a landmark year for data protection and privacy; the EU General Data Protection Regulation ("GDPR") came into effect on 25 May 2018 and implemented a comprehensive reform of the EU data protection regime. So what could 2019 possibly have...

A look at the UK’s data protection law in a no-deal Brexit situation

We previously reported on Brexit's impact on data protection here and here.

Shortly before Christmas, the draft Data Protection, Privacy and Electronic Communications (Amendments etc) (EU Exit) Regulations 2019 ("Exit Regulations", available here)...

The UK Government Moves on Plastics

The global waste industry has been thrown into turmoil as China halted its import on almost all categories of plastic and poor-quality cardboard and paper.

The ban on imports of millions of tons of plastic waste – which came into effect in January...

Homebase Completes Refinancing with Wells Fargo

London, 26 November 2018:

Homebase, one of the UK’s leading home improvement and garden retailers, is pleased to confirm it has secured an asset-based lending facility of up to £95 million with Wells Fargo Capital Finance, part of Wells Fargo &...

High Street Woes

There are few sectors where the effects of the faltering UK economy have been more starkly visible than the retail sector. It seems that every day the media presents another story about a high street name facing financial difficulty.

There are a...

John Pye and Sons -  TRI AWARD WIN

The UK’s largest independent auction house, John Pye, has been crowned Asset Valuer / Auctioneer of the Year for the fourth consecutive year as well as picking up a separate accolade Property Valuation Provider of the Year for the first time at the...

ReSolve invests in The Debt Advisor

ReSolve is pleased to announce its investment in The Debt Advisor Limited, a long established debt management and insolvency practice based in Manchester.

This represents another step in ReSolve’s growth strategy and geographic expansion. Both...

CRISIS IN THE CASUAL DINING SECTOR

In 2017 the number of UK restaurants going into administration jumped by 20% to almost 1000 as major chains came under pressure from rising costs and competition amid a squeeze on consumer spending.

The pain has continued throughout 2018 as a...

Navigating your way through a trade war

Richard Carter, CEO for Europe & Asia at Bibby Financial Services, discusses trade wars, and how SMEs can limit the damage of increasing tariffs.
 

The topic of trade wars is occupying the conversations of governments all over the world. This year...

Have low interest rates encouraged us to live beyond our means?

Latest data released by ONS (Office of National Statistics) shows that UK households have seen their outgoings surpass their income for the first time in nearly 30 years. But what is driving this behaviour to apparently borrow more and save less?

Constructing Opportunity for Asset Based Lenders

Assessing the opportunities and risks for asset-based lenders serving the construction and building materials industry

Written by Neal Weekes, Director, Gordon Brothers

The past ten years have seen overall growth in the UK construction industry....

Cycle shop owner turns to re-financing loan to push his business to the next level

A Yorkshire cycle shop owner is gearing up for a bright future after completing on a re-financing deal with specialist lender, Together. Securing the £227,000 loan means Jon Dean, owner of cycle shop, CycleStreet has been able to clear his current...

What next for the UK High Street?

The recent announcement by Mothercare of plans to reduce its store portfolio by closing 50 outlets with the potential loss of 800 jobs make it the latest casualty on a long-suffering UK High Street. This year has already seen the collapse of Toys R...

The £400 million cost of sleep to the care sector

Many charities and commercial providers in the care sector provide overnight support to people in need: the elderly, vulnerable and those with learning difficulties. When the national minimum wage was introduced in 1999, government guidance said...

Competition for funding key concern for UK charities

Increased competition for funding continues to be a major challenge for charities, highlighting pressure on cashflow and future services which could hit those most in need across the UK.

The statistics, taken from RSM’s Funding and Functionality...

UK Car Dealers Cannot Rely on Manufacturers Indefinitely

Dealer networks with high exposure to new cars on the forecourt may need to act now to protect cash flow.

Managing Directors Michael Bills and Benjamin Wiles, and Director Bob Tallentire, share their views on the current state of the UK Car...

ReSolve article - 1000 restaurants and 1500 pubs a year…

In 2017 the number of UK restaurants entering insolvency jumped by 20% to almost 1000, as independent operators and major chains alike succumbed to pressure from rising costs and over-supply, amid the squeeze on consumer spending. The pain has...

BTG on fraud prevention

In 2017, 3 in 10 UK law firms were affected by cyber attacks. Last year saw the spotlight on ‘Friday afternoon fraud’, a conveyancing scam that targets solicitors’ email accounts and, according to the SRA, cost the legal profession at least £7m in...

Funding and functionality: the ongoing challenges of charity finance

The majority of charities have managed to come through a tough decade, if not unscathed, certainly unbowed but the potential hurdles they face over the next one are lining up. These include data protection rules, increased regulation of fundraising,...

Is plastic on the way to extinction?

In December 2017, our Consumer Markets team issued several predictions for the retail, dining and travel sectors in 2018. 

We predicted a 'Blue Planet 2' effect which would result in businesses cutting the use of plastics in packaging and serving...

How has Turnaround changed over the last ten years?

The TMA asked me to consider what has happened over the last ten years so far as concerns Turnaround.  There will be many anniversaries this year most of which will probably go unnoticed. In the world of economics and finance, however there is one...

RSM Winner of Consulting and Corporate Advice Firm of the Year at Alt-Fi awards

RSM is delighted to have been announced as ‘Consulting and Corporate Advice Firm of the year ’ in the 2017 Alt-Fi awards. To view the full article please click here

PKF

PKF is a global family of legally independent firms committed to a shared vision of delivering quality, integrity and clarity in a complex regulatory environment. With offices in 440 cities, operating in 150 countries across 5 continents, we...

RSM

For businesses or individuals seeking to manage risk, access funding or optimise outcomes, RSM’s restructuring advisory team provide expertise in a range of restructuring, business advisory and insolvency services.

Our restructuring team...

Is 2017 The Year of Malware Mayhem?

For the second time in as many months, a piece of ransomware software has crippled the systems of dozens of companies worldwide, proving the importance of having an effective Incident Response Plan (IRP) and consistent backup schemes.

On the 12...

Mourant Ozannes

Mourant Ozannes is one of the leading offshore law firms providing award-winning offshore legal advice from our offices in the key international finance centres around the world; with 59 partners and 215 lawyers across the BVI, the Cayman Islands,...

Hilco Valuation Services

Hilco Valuation Services is one of the world’s largest and most diversified business asset appraisers and valuation advisors. A trusted resource to companies, their lenders and professional services advisors, Hilco Valuation Services provides...

BM&T LLP

Restructuring professionals welcome change in the economic order of things. Failed managements’ reactions to change provides increased turnaround opportunities. Companies are forced to adjust to structural change and need professional advice in...

TMA UK member Alan Tilley BM&T contributes to discussion around Brexit.

Restructuring professionals welcome change in the economic order of things. Failed managements’ reactions to change provides increased turnaround opportunities. Companies are forced to adjust to structural change and need professional advice in...

TMA UK Corporate Partner RSM on Student Loans

Just over £50 million pounds every year is being overpaid by students in respect of loan repayments. TMA UK Corporate partner RSM have produced an excellent report covered by The Sunday Times. RSM became corporate partnersof TMA UK in 2014 and are...

TMA UK event hosted by Freshfields Bruckhaus Deringer

Last week, Freshfields’ London office hosted an event for TMA UK.  The event was a great success with over 120 attendees from more than 90 organisations.

The evening kicked off with a presentation from Catherine Shuttleworth and Sean Lacey from...

Hilco awarded Valuer of the Year 2016

Hilco Valuation Services Europe, a unit of US based Hilco Global, is pleased to announce that the company has been awarded Valuer of the Year 2016 by Business Money Magazine. Hilco Valuation Services is known for its expertise as a leading asset...

Michael Bills Promoted to Managing Director

Michael Bills is a managing director in the London office and is part of the Global Restructuring Advisory practice. He has more than 15 years of experience in corporate restructuring and advisory.

Michael specializes in providing strategic...