EY | Global news | Restructuring

An overview of EY global news:

United Kingdom

EY selected for Typhoo Tea administration For more than 120 years, Typhoo Tea has been one of the UK’s most recognisable brands.
20 November 2024
United Kingdom

Number of FTSE profit warnings hits lowest level in years The number of profit warnings of UK-listed companies has dropped to its lowest level in three years, signalling a further recovery of the economy.
18 July 2024
United Kingdom

Administrators sue EY for NMC 'negligence' Following the collapse of NMC, administrators from Alvarez & Marsal have levelled a legal claim against EY.
25 May 2022
United Kingdom

EY appointed to shopping centre administration Consultants from EY have been appointed to the administrate shopping centre owner IRAF UK Dragon.
01 March 2021
France

Bercy selects 22 consultancies for restructuring framework agreement The French ministry of Economy and Finance – also known as ‘Bercy’ – has appointed over twenty consulting firms to its national framework agreement for restructuring and turnaround services.
23 February 2021
Australia

T.M. Lewin Australia brings in EY to oversee administration The Australian division of T.M. Lewin Australia has collapsed into administration, jeopardising around 40 jobs in Melbourne, Sydney and Brisbane.
05 July 2020
United Kingdom

EY to oversee insolvency of Specialist Leisure Group Big Four professional services firm EY has been appointed as administrator for Specialist Leisure Group.
04 June 2020
United States

EY adds consulting team from Jacket River to turnaround practice EY US has welcomed the consulting team from Jacket River, a boutique operational consulting firm. The team of seasoned advisors will join EY’s turnaround and restructuring strategy practice.
16 April 2020
Australia

EY to manage administration of three Sargon companies Having been pushed into external administration by its creditors, Australian financial services firm Sargon has appointed EY to manage the administration of three of its subsidiaries in a bid to safe
20 February 2020
United Kingdom

EY and PwC also sold consulting work to Thomas Cook Big Four audit and advisory firms PwC and EY have come under scrutiny for selling consulting and accounting services to Thomas Cook in the lead up to the company’s collapse.
05 November 2019
United Kingdom

EY appointed as British Steel administrator British Steel has announced its collapse into administration, following years of turbulence and changing hands between owners on multiple occasions.
28 May 2019
United Kingdom

Outsourcer Interserve sold out of administration by EY Administrators from EY have overseen the fire sale of Interserve, after the outsourcer finally collapsed following a year of poor trading.
19 March 2019
United Kingdom

EY reportedly in line to administrate ailing Interserve As a standoff between shareholders and lenders at Interserve looks to continue well into the eleventh hour, EY has reportedly earmarked to oversee an administration of the outsourcing firm.
26 February 2019
India

EY to advise on formation of mammoth Indian insurance company Global professional services firm EY has been selected to offer its consulting services on a large-scale merger of three insurance entities in India.
18 December 2018
United Kingdom

Yorkshire butcher chain Crawshaw appoints EY for administration Crawshaw Group has confirmed the appointment of administrators, as the UK meat retailer said in late October that it did not have sufficient cash to restructure.
08 November 2018
United Kingdom

Duff & Phelps helps secure future of Banham Poultry More than 1,000 jobs have been safeguarded by the sale of one of Norfolk’s largest employers.
09 October 2018
United Kingdom

House of Fraser administrators defend Sports Direct deal House of Fraser administrator EY has come under pressure to justify accepting Sports Direct’s offer to buy the department store.
21 August 2018
United Kingdom

EY appointed administrator for vehicle hire firm Hundreds of UK workers have lost their jobs after a vehicle hire firm collapsed. As TOM Vehicle Rental was forced into liquidation, Big Four firm EY was appointed administrator.
10 April 2018
South Africa

Leading B-BBEE consultant says the scheme is fundamentally sound Dionne Kerr, founder and CEO of Siyakha Consulting, has weighed in on the Broad-Based Black Economic Empowerment (B-BBEE) debate.
16 February 2018
India

Creditors in India hire consultants for bankruptcy proceedings Creditors in India, including the country’s biggest lender State Bank of India (SBI) have hired top consultancy firms such as PwC, KPMG, EY, Deloitte and others at highly generous terms to assist wit
13 July 2017
United Kingdom

EY manages day to day finances of Birmingham City Birmingham City's parent company has gone into voluntary receivership, with its day-to-day operations taken care of by accounting and consultancy giant EY.
20 February 2015

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