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Market Intelligence: June 2014

Insolvency News presents the key trends for June 2014 relating to administration appointments for individual firms, insolvency practitioners (IPs), caseloads, sectors and regions. The figures are based on data from Companies House and The London Gazette.


What the graphic shows: The number of administration appointments won by the top 10 performing firms during the month ending 30 June 2014 across England & Wales as listed in The London Gazette.

Despite fierce competition, FRP Advisory saw off several firms to top the chart in June with nine administration appointments, narrowly beating Begbies Traynor, KPMG and Mazars, which collected eight, seven and seven appointments respectively. All but two of FRP Advisory’s cases were from the south east region, primarily within the services sector. Begbies Traynor collected eight appointments, mainly from the north of England, including debt management company Debt Help & Advice Ltd and its subsidiaries. The firm continues to be the highest-appointed of any in the country, having collected 76 cases so far in 2014, over half of its total appointments in 2013 (116).
Six of the seven administrative appointments for KPMG during June came from the insolvent property group Riverbank, while Mazars were appointed to a range of cases throughout England across various sectors.
Mid-tier firms Duff & Phelps, Grant Thornton, Baker Tilly, BDO and Leonard Curtis all collected between six and four appointments throughout the month.


What the graphic shows: The percentage increase and decrease in case numbers by firm month-on-month between May and June 2014.


What the graphic shows: The percentage increase and decrease in case numbers by firm year-on-year between June 2013 and June 2014.


What the graphic shows: Administrative appointments per market sector in England and Wales during the month ending 30 June 2014 as listed in The London Gazette.

After a subdued month in May, administration appointments rose by 34% month-on-month, from 93 in May to 125 cases in June. There were month-on-month increases across the majority of sectors, most noticeably within the services sector, which saw a 64% increase in administrations between May and June.
There were other increases within the property, retail, health & social care, and financial sectors, although many sectors saw administration levels stay broadly flat month-on-month.

What the graphic shows: The percentage of all administration cases landed by each insolvency practitioner during the month ending 30 June 2014. The “Rank” column shows the IP’s annual ranking by number of cases in 2013.


What the graphic shows: The busiest regions for administration appointments in England and Wales during the month ending 30 June 2014 as listed in The London Gazette.


What the graphic shows: The split of administration appointments and receiverships between the clearing banks for the month ending 30 June 2014, based on floating charges register at Companies House.


What the graphic shows: The number of appointments taken by insolvency practices by different banks for the month ending 30 June 2014, based on where those clearing banks held floating charges registered at Companies House.

Posted on 14th July 2014 by

 

 

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