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Insolvency and Administration

Nearly 300 workers made redundant after Welsh furniture firm collapses into administration
Enterprise
Furniture manufacturer Westbridge has entered administration
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One of Wales' leading tech firms collapses into liquidation
Insolvency and Administration
Amplyfi has secured equity backing from the Cardiff Capital Region and the Development Bank of Wales
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º£½ÇÊÓƵ hospitality insolvency crisis: 270 firms collapse in February as cost pressures mount
Insolvency and Administration
Rising energy costs, April tax increases, and relentless cost pressures hit º£½ÇÊÓƵ pubs and restaurants hard
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The Original Factory Shop head office and all stores closed after administration
Retail & Consumer
Discount department store placed into administration alongside Claire's Accessories earlier this year
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New North East chair for R3 describes appointment as 'an honour and a responsibility'
Insolvency and Administration
'It provides an opportunity to influence positive change, share best practices, and strengthen collaboration in the North East'
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Brakes firm Surface Transforms files administration notice and warns on job cuts after GM contract loss
North West
Knowsley firm hires restructuring advisers and starts 'cost rationalisation exercise'
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US group named as preferred bidder for Sheffield Wednesday
Insolvency and Administration
Billionaire businessman David Storch is leading the bid
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Welsh energy consultancy firm collapses into administration with nearly 140 job losses
Insolvency and Administration
Cardiff-based Amber Energy Solutions had been experiencing cashflow problems
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Machinery and assets from collapsed construction firm are going up for auction 
Insolvency and Administration
Properties in Stoke and Warrington were already set for sale
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Hook and Line restaurant at Royal William Yard enters liquidation with £355,000 debts
Insolvency and Administration
The Plymouth seafood restaurant closed late last year owing money to staff, unpaid tax and a Covid bounce back loan
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More than 150 jobs lost as East Yorkshire maker collapses into administration
Insolvency and Administration
Administrators confirm the Goole-based emergency vehicle manufacturer has shut down after more than 30 years
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Hundreds of jobs saved as ambulance firms sold in pre-pack deal
Insolvency and Administration
RSM advised on deal for Spark Medical and Medi 4 Ambulance Services
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Engineering company delists from AIM
Engineering
Versarien collapsed into administration last month after running out of cash
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National Timber Group's £17m debt disclosed as Arnold Laver Hull site rescued
Insolvency and Administration
The former parent company of Hull timber business Arnold Laver owed creditors more than £17m when it collapsed, the new documents show
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Yorkshire and Humber sees one of º£½ÇÊÓƵ’s biggest falls in insolvency activity
Insolvency and Administration
The fall was the second highest in the º£½ÇÊÓƵ, only topped by Greater London
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Rise in the number of business failures in Wales
Banking & Finance
Insolvency and restructuring trade body R3 has also released new data on business start-ups in Wales
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Jobs saved in sale of recruitment firm Zenith People which collapsed amid financial pressure
Insolvency and Administration
A report shows creditors are owed an estimated £4.39m
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Bars giant Revel Collective files notice to appoint administrators as sale talks continue
Insolvency and Administration
Group operates Revolution bars as well as Revolucion de Cuba and Peach Pubs
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All jobs lost at popular Yorkshire retro fashion firm as administrators are appointed
Insolvency and Administration
The B-Corp was known for its nostalgic styles and celebrity collaborations and focused on 'slow fashion'
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Cornwall Airport owed £1.5m by Eastern Airways after administration
Insolvency and Administration
It is understood the transport hub is unlikely to recover the money owed
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Claire's 'didn't evolve fast enough' to battle online rivals like Temu, experts say
Retail & Consumer
Retail experts warn more high street brands could fall into administration as online platforms reshape º£½ÇÊÓƵ shopping habits
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AIM-listed engineering firm Versarien appoints administrators after turbulent year
Insolvency and Administration
The Gloucestershire-based company has been running out of cash for months
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Lindsey Oil Refinery to be sold to Phillips 66 but operations will not resume
Energy
Phillips 66 Limited wins bid for North Killingholme refinery assets from Official Receiver, with integration into Humber Refinery operations and no restart planned
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º£½ÇÊÓƵ economy facing 'zombie apocalypse' as thousands of businesses expected to fail
Economy
Resolution Foundation warns º£½ÇÊÓƵ faces 'triple whammy' of rising interest rates, energy prices and minimum wage increases
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