Latest News

Today’s news in brief – 15/2/2024

Begbies Traynor has completed the sale of family-owned logistics provider Bridgetime Transport Ltd’s trade and assets to Monex Group out of administration, securing employment for the majority of its workforce. Despite over 20 years of successful trading, Bridgetime faced challenges due to economic conditions, experiencing a significant drop in volumes and revenues. Begbies Traynor’s Administrator Huw Powell expresses sadness for the company’s situation but highlights the positive outcome of securing jobs through the deal with Monex Group, ensuring continuity for employees.

Aberdeen-based Hall Morrice has appointed Jack Borg-Delaney as an additional audit director, emphasising his extensive experience in audit and compliance. Borg-Delaney, previously in senior audit roles at Deloitte and Ernst and Young, brings a track record of ensuring compliance and fostering client relationships. His role includes advancing the audit team’s capabilities and contributing to recruitment, development, and coaching. Managing Partner Bob Bain sees this appointment aligning with the firm’s commitment to excellence, and Borg-Delaney’s career progression from a school leaver to director serves as a model for diverse paths into the profession.

PwC UK’s pensions advisory service has introduced SCORE Digital, a digital data tool integrating artificial intelligence with investment research. The platform provides pension trustees access to scheme-specific and broader fiduciary management and OCIO data for monitoring providers. SCORE Digital includes features such as assessing scheme funding levels, performance benchmarking, and receiving alerts about fiduciary managers and OCIOs. The online platform consolidates oversight reports and dashboards, offering trustees a holistic view of the wider market and facilitating better-informed investment decisions.

UHY Hacker Young, along with its automotive team,  has facilitated the acquisition of Ashford Orbital Limited by JCB Group. JCB Group, expanding its presence in the region, acquired the established dealer group representing Kia, Mazda, and Suzuki in Ashford. The deal, managed by David Kendrick and the automotive team at UHY Hacker Young, follows JCB Group’s recent acquisition of Tunbridge Wells Volkswagen. Ashford Orbital’s sale to JCB Group is seen as a strategic move to further develop and grow the business within a larger automotive group’s portfolio.

Show More
Back to top button