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Insolvency and Administration
14:57, 30 MAR 2023
South West insolvency-related activity reaches 11-month high - according to new research by R3
Insolvency and Administration
R3’s analysis of data provided by Creditsafe shows there were 151 cases of insolvency-related activity in the South West in February
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Finchale Training College liquidated as no rescue buyer found
Insolvency and Administration
The charity had helped thousands of people over 80 years
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Next acquires Cath Kidston for £8.5m
Retail & High Street
Next said it had agreed to acquire the brand name, domain names and intellectual property of CK Acquisitions Ltd
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Almost £4m owed by children’s arts and crafts maker as it collapsed into administration with the loss of 30 jobs
North West
The company has since been sold to a competitor
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Black Storm Brewery calls in administrators as HMRC talks break down
Food and Drink
A buyer is now being sought for the North Shields-based brewery which also citied soaring costs and closures of trading partners as reasons for the move
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Dragons' Den contestant says business 'may have to close down' - but vows she will not give up without a fight
SMEs
The Wiltshire-based founder of a social enterprise that makes cleaning products had secured an £80,000 investment on the BBC series during an episode broadcast in January
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Screwfix buyout deal saves 400 Birmingham jobs
West Midlands
Connect Distribution Services can look forward to new chapter after administration
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Bikes and cycling accessories valued at £35m going under the hammer after Moore Large & Co goes bust
Retail & High Street
John Pye selling 35,000 bikes and £10m of accessories after Moore Large called in administrators
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Company behind The Naked Deli liquidated amid 'restructure' that will keep three cafes open
Food and Drink
Three of the firm's outlets in Gosforth, Heaton and Newcastle city centre will remain open
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North East sees huge jump in insolvencies in February amid high-profile collapses
Insolvency and Administration
Last month's level was the highest it has been in nearly a year
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Burleighs Gin set for relaunch after new owner steps in
Food and Drink
Burleighs relocating to new premises in the coming months with plans to re-establish its Gin School experience
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Dozens of jobs lost as Derby bike supplier goes under
Insolvency and Administration
The majority of the 100-plus workforce at Moore Large have lost their jobs
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Covid-19 testing firm Circular 1 Health enters administration
North West
The company made over £6m in profit during its first year
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Administrators issue updates on potential sales of four Signature Living hotels
North West
Each business operated separately from one another, but were all part of the wider Signature Living family of companies
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Almost £4m owed by Lavish Alice's wholesale arm as it entered administration after HMRC warning
North West
Brand is continuing as an online-only operation and bosses say it is set for growth
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Administrators appointed to Metnor Group following collapse of subsidiaries
Insolvency and Administration
The move comes amid 'havoc' wrought on its main businesses by inflation and contract losses
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Britishvolt sold for just £8.6m after racking up losses of more than £150m
Insolvency and Administration
The huge scale of the company's debts before it went into administration have been revealed
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Excello Law launches in Nottingham with arrival of senior insolvency team
Law
Nicky Calthrop-Owen, Victoria Dunstall and Annabel Whittaker have joined Excello from Actons
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309 jobs affected as administrators appointed to manufacturers Bromford Industries and Accrofab
Insolvency and Administration
Both companies will continue to trade while the administrators seek buyers for the businesses and their assets
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Highcross Shopping Centre goes into receivership
Retail & High Street
It follows multi-million pounds losses at Highcross, which is jointly owned by Hammerson and Asian investors
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Norstead follows Metnor Construction into administration with the loss of 52 jobs
Insolvency and Administration
The firm had sought a buyer in recent weeks
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Liverpool distillery saved from closure after being rescued by bar owner
North West
BusinessLive reported in January that the underground gin bar part of the business, which had been based at Liverpool's Royal Albert Dock, had owed over £300,000 when it closed
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Paperchase administration to boost Begbies Traynor
North West
Begbies Traynor has told investors that its financial performance in the three-month period has been in line with the first half of its year
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Lavish Alice: Wholesale arm of fashion brand worn by celebrities goes into administration amid restructure
North West
Brand worn by stars from Kylie Jenner to Lindsay Lohan goes online-only as owner vows 'the Lavish Alice journey is only just beginning'
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