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Market Intelligence: July 2014

Insolvency News presents the key trends for July 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 performing firms during the month ending 31 July 2014 across England & Wales as listed in The London Gazette.

FRP Advisory topped the chart for the second month running, dominating administration appointments in July with 17 cases (an 89% increase month-on-month). 10 of the firm’s appointments came from the administration of the No Saints Group Limited – a group of companies operating a series of nightclubs and entertainment venues, primarily across the south east of England.
Begbies Traynor, Duff & Phelps, and Resolve Partners all collected nine appointments apiece during the month, ahead of Baker Tilly which was appointed to seven.
Begbies Traynor continued to perform strongly as the firm collected administration appointments across a range of market sectors and regions. Begbies Traynor has been appointed to 85 administrations so far in 2014, more than any other business recovery firm.
Of the ‘Big Four’ firms, KPMG and Deloitte were both appointed to five administrations each during July, including the administration of Unipart Automotive Limited [link] (KPMG). EY collected four appointments through the administration of the Zog Brownfield Ventures Limited group of companies, while PwC was appointed to two administrations.




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



What the graphic shows: Administrative appointments per market sector in England and Wales during the month ending 31 July 2014 as listed in The London Gazette.

There was a small increase of 15% in total administrations between June (125 cases) and July (144) – however the July 2014 level is still 19% lower than a year previously (July 2013: 171).
The majority of sectors, including construction, property, and retail, stayed mainly flat, although there were large increases in administrations within the hospitality & leisure (750% month-on-month increase) and manufacturing sectors (92%).
There were no administrations from the financial sector during July (down from six in June), while there were no legal-based administrations for the second consecutive month.




What the graphic shows: The percentage of all admiration cases landed by the top performing insolvency practitioner during the month ending 31 July 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 31 July 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 31 July 2014, based on floating charges registered at Companies House.



What the graphic shows: The number of appointments taken by insolvency practices by different banks for the month ending 31 July 2014, based on where those clearing banks held floating charges registered at Companies House.

Posted on 19th August 2014 by

 

 

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