Client Challenge

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Belgium’s biggest carrier bankruptcy in years

The situation of the Belgian transport group based in Turnhout had been deteriorating for several years, and hopes of a rescue were abandoned within just a few months. Despite earlier restructuring and attempts to expand into parcel transport and logistics, the company failed to stay afloat. Five companies declared bankruptcy The commercial court in Antwerp declared…

Belgium’s biggest carrier bankruptcy in years

The situation of the Belgian transport group based in Turnhout had been deteriorating for several years, and hopes of a rescue were abandoned within just a few months. Despite earlier restructuring and attempts to expand into parcel transport and logistics, the company failed to stay afloat. Five companies declared bankruptcy The commercial court in Antwerp declared…

R3 responds to July 2025 insolvency statistics

Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire Corporate insolvencies increased by 1.4% in July 2025 to a total of 2,081 compared to June 2025’s total of 2,053, and slightly increased by 0.1% compared to July 2024’s figure of 2,078. Corporate insolvencies increased by 15.2% from July 2023’s…

The $2m shareholder agreement that nearly killed a company

A profitable professional services company. Three decades of consistent dividends. A comprehensive shareholder agreement that looked bulletproof on paper. Yet when two major shareholders decided to exit, the company was 24 hours away from insolvency. The twist? Their accountant had reviewed this shareholder agreement multiple times over the years and never spotted the fatal flaw. …