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Insolvency and Administration

All jobs saved after historic castle hotel sold out of administration
North West
Leasowe Castle Hotel 'continues to trade as normal under the management and direction of the new owner' and all bookings will be honoured
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Owners of Tillery Valley Foods factory plan to bring the site to market
property news
The food business collapsed into administration in April with 200 jobs lost
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Former In The Style owner Itsarm plc to bypass its shareholders and enter compulsory liquidation
North West
In The Style's operating company, In The Style Fashion, was bought by Baaj Capital LLP in March
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78 jobs safe as food packaging business bought out of administration
Insolvency and Administration
Mansfield-based iTEC Packing has been bought by global packaging business Alpla º£½ÇÊÓƵ
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Cardiff Life Magazine acquired by Welsh digital marketing agency
Deals
The magazine was previously owned by Bath-based publisher Media Clash
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Nasdaq-listed connected vehicle data company Wejo files notice of intent to enter administration
North West
Wejo posted losses of more than $150m for 2022
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Company behind planned luxury apartments development in Manchester enters administration
North West
Work on the scheme had never been started
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Business insolvencies still substantially higher than pre-pandemic
Economy
The number of firms being put into liquidation remains at its highest level in more than six decades
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Former In The Style owner fails to secure shareholder backing to de-list from AIM and enter liquidation
North West
In The Style's operating company, In The Style Fashion was bought by Baaj Capital LLP in March
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'Triple whammy' of issues force company behind Manchester Food and Drink Festival into liquidation
North West
The festival has brought a host of world-famous names to Manchester, with the likes of Gordon Ramsay, Jamie Oliver, Tom Kerridge and Michel Roux all having been guests of the festival in past years
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Gateshead's Kitchens Plus sold out of administration to sister company saving 77 jobs
Insolvency and Administration
The firm had expanded its North East showroom network in recent years but more recently had felt the impact of inflationary pressures
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Over £24m owed by loan provider Auden Group as it collapsed into administration with loss of almost 140 jobs
North West
The business had been funded through shareholder capital and loans
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South West late invoice numbers fall by over 141,000, according to new research by R3
Insolvency and Administration
South West’s year-on-year reduction in overdue invoices was the third highest of all the regions and nations in the º£½ÇÊÓƵ
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Number of Welsh firms facing insolvency activities reaches year high
Enterprise
Figures for Apirl have been published by insolvency and restructuring trade body R3
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Virgin Orbit shuts down months after failed space launch from Cornwall
Aerospace
Richard Branson’s US firm, which attempted to shoot a rocket into orbit from the º£½ÇÊÓƵ’s only licensed spaceport at Cornwall Airport Newquay, said it would sell its assets to four winning bidders
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Welsh family ice cream firm collapses owing creditors £3m
Insolvency and Administration
Administrator's were appointed to Frank's Ice Cream in March this year
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Insolvencies surge helps Begbies Traynor raise expectations
North West
The group said it has seen a 'good momentum' in new insolvency appointments as well as a 'significant' increase in higher value cases
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South Shields hotel sold out of administration to Yorkshire firm with plans to invest
Leisure & Touism
The Sea Hotel near Ocean Beach Pleasure Park had continued to trade after insolvency specialists were called in last year
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Welsh marina group goes into administration
Insolvency and Administration
Director Chris Odling-Smee said he is assisting the administration process in the hope of raising funds
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One of Wales' biggest food firms goes into administration with more than 200 jobs lost
Food and Drink
Tillery Valley Foods has blamed its collapse on spiralling food and energy costs
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Covid-19 testing firm that earned millions from pandemic owed over £3.5m when it collapsed
North West
The business had operations in Cumbria and Manchester
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Company behind Anthony Joshua-backed muscle therapy and recovery brand Pulseroll enters liquidation
North West
Pulseroll's customers have included the likes of Sale Sharks, Burnley FC, Salford City FC as well as British Rowing and Leicester City FC
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Amigo Loans chief executive resigns from troubled lender’s board
Finance
The Bournemouth-based company is in the process of winding down ahead of being liquidated
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South West accountancy firm promotes record number of partners in 104-year history
Appointments
PKF Francis Clark has announced a raft of new appointments
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