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Insolvency and Administration

Administrators called in to Grimsby fibre optics broadband firm
Insolvency and Administration
Telec Networks staff have transferred to a new employer
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Leading Welsh concert promoter Orchard Live ceases trading
Insolvency and Administration
The business had brought major acts to Wales including George Ezra
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Hundreds of jobs to go at Wilko – with more to follow
Insolvency and Administration
PwC said 'it is now clear that no viable offer structure put forward includes the group in its entirety'
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South West insolvency-related activity rises by 40 per cent, according to new research by R3
Insolvency and Administration
According to the Ƶ's insolvency and restructuring trade body there were 166 cases of insolvency-related activity in July 2023
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Reports suggest deal to save Wilko jobs has collapsed
Retail & High Street
Administrators at PwC still understood to be in negotiations with other interested parties, though
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Union fears Wilko redundancies could restart today
Insolvency and Administration
It is understood that private equity firm M2 Capital has made a £90 million offer to buy the retailer
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Union says redundancies on hold at Wilko as search for buyer continues
Insolvency and Administration
GMB says any redundancies at Wilko have been suspended while administrators considers 'multiple bids'
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Specialist Leisure Group liquidated after 2,500 jobs lost and debts of over £400m
North West
The company owned a number of hotel chains including Bay Hotels, Coast & Country Hotels and Country Living Hotels
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Administrators could start closing Wilko stores in weeks
Insolvency and Administration
PwC admitted “redundancies and store closures in the future” were “likely”
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North Yorkshire holiday lodge site on the market following owner's administration
Leisure & Touism
Roseberry View Lodge Retreat had launched in recent years
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THG rescued City AM for £1.5m as free newspaper entered administration owing millions
North West
City AM is distributed from about 400 travel hubs and commuter locations, as well as about 1,600 London offices
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Leather goods firm Pittards moves to protect sale process
Somerset
The troubled Somerset tannery is looking to find a buyer for the business and its assets
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Over 45,000 North West companies in 'significant financial distress'
North West
'Significant distress' refers to businesses showing deterioration in key financial ratios and indicators including those measuring working capital, contingent liabilities, retained profits and net worth
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Mass redundancies at Wejo as it entered administration leaves firm unable to file latest accounts
North West
Wejo also said it is still considering whether to file ancillary insolvency proceedings for all of its other companies in the group
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Millions owed by fire and security firm after collapsing into administration
North West
Creditors are expected to face a shortfall or not get any of their money back
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Rescue buyer sought for North East pharmacy group in administration
Insolvency and Administration
All of Northcare Limited and Medway Limited's shops across the region and Yorkshire remain open
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Hotly tipped start-up Opportuni liquidated with liabilities of £1.7m
Technology
The three-year-old company had hoped to reshape procurement
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Creditors of watch and jewellery repairer In-Time to miss out on millions despite Timpson rescue deal
North West
Before it collapsed, In-Time had been trading since 1981 and had previously operated around 50 branches
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Jobs saved as Tyneside internet provider rescued in pre-pack sale
Deals
Construction site connection specialist Trench Networks had encountered difficulties on the back of high profile contractor collapses in the sector
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How the administration of Wilko could impact its employees
Opinion
It is a worrying time for the retailers 12,000 employees
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Creditors to lose millions after Hotter Shoes administration despite rescue deal
North West
The creditors of Hotter Shoes include Royal Mail, Facebook and Google
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Wilko administration: West Country workers offered help by mayor
Employment
The retail chain, which has five stores in the Bristol area, appointed administrators after failing to secure a rescue deal
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Mark Jackson, CEO of failed Wilko chain, thanks staff for their hard work but concedes ‘time has run out’
Insolvency and Administration
Open letter from the boss thanks 12,500 staff for their support as well as customers and suppliers
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Why Wilko administration could be only way to secure jobs of 12,500 workers – but only if right buyer steps forward
Insolvency and Administration
Strategic failures led to Wilko’s demise – and industry experts say it won't be the last casualty in 2023
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