What the graphic shows: The number of administration appointments won by the top performing firms during the month ending 31 August 2014 across England & Wales as listed in The London Gazette.
Duff & Phelps topped the chart for the firms that won the most administration appointments during August with 12 – the only company to reach double figures in the month. As the overall administration levels fell to 108 in August, there were only 10 firms that were appointed to more than three cases. Duff & Phelps were appointed to administrations from across England and a number of various market sectors.
FRP Advisory collected nine appointments during the month, significantly less than in July (17), despite only Duff & Phelps collecting more. Begbies Traynor, Leonard Curtis and Wilson Field were all appointed to seven administrations, while Insolve Plus benefited from the Wellman Group entering administration as the firm was appointed to six cases during the month – two less than the ‘Big Four’ firms combined.
The total number of companies entering administration fell by 25% between July and August, with the majority of market sectors experiencing falling levels month-on-month. Compared to the same month last year, August 2014 saw a 30% drop in administration levels (August 2013: 155).
There were decreases in almost all sectors between July and August, with the largest in the retail (67%), hospitality and leisure (65%), construction (64%) and food, drink and catering (57%) sectors.
Apart from the services sector, the manufacturing sector saw the most administrations during August with 15, although this was still a 35% decrease on the previous month. The services sector saw a marginal increase of 7.5% between July and August, most notably from the plumbing, heating and electrical subsector as the Wellman Group of companies entered administration.
One legal firm entered administration during August, the first from the sector to do so since May.
Posted on 16th September 2014 by
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