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Insolvency and Administration

Jobs lost as Mold Systems in County Durham collapses for second time
Insolvency and Administration
The maker of high precision injection molded tools for a range of industry has ceased trading
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Craft brewery founders 'heartbroken' after company falls into administration
Insolvency and Administration
Wild Beer Co, which is based in Somerset but also has a taproom in Bristol, said it had been facing "adverse trading conditions"
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Over £18m owed by landmark four-star hotel as it collapsed into administration
North West
The hotel remains open as a buyer is sought
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The 19 Joules stores closing under its new owners
Retail & High Street
Next becomes the majority shareholder under the joint partnership with founder Tom Joule
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1,450 jobs saved as Next and Tom Joule join forces to buy Joules out of administration
Insolvency and Administration
£34 million deal will keep around 100 stores in business open - but some jobs will be lost
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Redundancies at Joules HQ as search for buyer continues
Retail & High Street
Wider consultation with 1,600 staff is also underway
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Tyne Bank Brewery collapsed with liabilities of £350k as crowd investors set to lose out
Insolvency and Administration
The brewery - which has now been rescued from closure - ran into difficulties when trade did not recover to pre-Covid levels
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Historic Salisbury garage and car showroom forced to close
Insolvency and Administration
Rex Garage had been struggling with ongoing difficulties caused by the pandemic and the cost-of-living crisis
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Bristol media company Wildfire collapses into administration
Insolvency and Administration
Wildfire Media was behind a number of publications including Independent Education Today and University Business
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Insolvency body R3 warns of threats to North East businesses
Insolvency and Administration
The trade body was speaking after a big surge in both corporate and personal insolvencies
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Tyne Bank Brewery acquired out of administration with plans for events focus
Leisure & Touism
New owners Olly Bennett and Matt Daniels will keep trading the brewery but plan to make changes at its Walker Road venue
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Joules administrators say there has been ‘overwhelming’ interest from potential buyers
Insolvency and Administration
Country casuals brand had spent months trying to attract investment after seeing sales and profits falling and costs rising
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Four-star Signature Living hotel in administration put up for sale
North West
Hotel dedicated to legendary footballer William Ralph 'Dixie' Dean remains open for business as agent CBRE says expectations are 'extremely positive'
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Conservatory and window company in Gloucestershire ceases trading
Insolvency and Administration
High-Tech Windows is based at Staverton Business Park and has been operating for 30 years
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Administrators called in at Derbyshire mountain bike builder Stanton Bikes
Insolvency and Administration
The business continues to trade while a potential buyer is sought
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John Pye & Sons to auction off stock from failed Made.com furniture business
Insolvency and Administration
'It is John Pye Auction’s role to realise the best we can for all creditors of the company'
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Poundstretcher exits CVA after paying off creditors at a rate of 12p in the pound
Retail & High Street
Discount chain said the biggest single creditor was HMRC followed by around 250 of its shop landlords
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Joules announces it is going into administration
Insolvency and Administration
The retailer said it was suspending trading in its shares following months of financial difficulties
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Made.com: From the 'online IKEA' to a 'car crash' as administration leads to hundreds of lost jobs despite Next deal
North West
Dr Gordon Fletcher, retail expert from the University of Salford Business School, has looked at what went wrong and what might happen next
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Joules shares dive again as cash problems continue
Retail & High Street
Joules said it was in 'advanced discussions' with potential backers, including founder Tom Joule
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Construction firm Jehu goes into administration
Insolvency and Administration
The administration process is being overseen by Begbies Traynor
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Firm behind DeTrafford's St George’s Gardens apartment scheme owed nearly £50m as it collapsed into administration
North West
The wider DeTrafford Group is not impacted by the administration of St Georges Gardens Ltd
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South West companies forced to restructure to cope with mounting costs
Economy
Rising inflation, increased interest rates and energy costs are impacting the financial viability of many businesses
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Takeaway and building supplies bosses disqualified after falsely claiming tens of thousands in Bounce Back Loans
Crime
Business owners 'completely abused the government-backed loans to further their own interests'
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