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Insolvency and Administration

Wiltshire transport firm collapses into administration
Insolvency and Administration
The business had been operating for more than 30 years
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Hundreds of North East jobs saved as metalwork firm bought out of administration
Deals
Fablink made fuel tanks and other products for automotive clients but had suffered funding delays and bad debt in recent years
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North East insolvency rates fall 20% year-on-year as more firms seek advice, figures show
Insolvency and Administration
R3’s analysis of data provided by Creditsafe shows there were 76 cases of insolvency-related activity in August
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Yorkshire and Humber sees significant drop in insolvency activity
Insolvency and Administration
Figures from R3 and CreditSafe point to a robust performance in the region
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High street shops that have disappeared from the º£½ÇÊÓƵ
Retail & High Street
Brands such as Woolworths and Blockbuster - popular in the 1980s and 1990s - have been consigned to history
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MPs call for investigation into FCA's handling of WealthTek scandal
Insolvency and Administration
Shadow Business Secretary Kevin Hollinrake leads a group of prominent Conservatives who have written to the Chancellor
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Failed High Street Group finally liquidated as investors left £123m out of pocket
Insolvency and Administration
The property business collapsed into administration in 2021 and efforts to recoup investor money have been unsuccessful
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Durham engineering firm sold in pre-pack deal after collapsing owing £2.4m
Deals
The company and its assets have been sold to AEL Automation Ltd for a five-figure sum
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Topps Tiles steps in after retailer falls into administration
Employment
High street giant has bought out troubled Birmingham firm for £9m but stores and jobs have been lost
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Britishvolt administrators chase money owed from its defunct buyer
Insolvency and Administration
EY says former staff have now been paid wages owed, and HMRC is due to receive more than £3m it is owed
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Insolvency issues on the rise in the North East, new figures show
Insolvency and Administration
Experts said that some companies are still struggling despite a general upturn in the economy
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Tyneside brewery collapsed owing more than £500,000, new documents reveal
Deals
The administrators' report also shows Anarchy Brew Co's assets were bought for £65,000
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Popular Tyneside brewery bought by new owners after falling into administration
SMEs
Anarchy Brew Co went into administration on August 1 but all jobs have been saved following the pre-pack deal
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Lenders of collapsed Newcastle student landlord unlikely to recoup £11.7m, documents reveal
Insolvency and Administration
Three companies that developed and managed the Glassworks block in Ouseburn were forced into administration two years ago
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Big name shareholders refused to bail out collapsed Tenet Group, documents show
Insolvency and Administration
Administrators handling the affairs of the service provider to financial advisors say creditors are likely to see dividends
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Judge approves plan to pay money and assets to WealthTek clients
Insolvency and Administration
The Financial Services Compensation Scheme has estimated it will need to pay out about £22m to cover shortfalls in client money and assets
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High Street Group set to be wound up, leaving individual investors more than £100m out of pocket
Insolvency and Administration
The group's £200m debts include £100m invested by individuals - who are now unlikely to see any returns
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42,000 South West companies in 'significant' financial distress
Insolvency and Administration
The tourism and travel sectors and hospitality industry are facing particular difficulty as the º£½ÇÊÓƵ's trading environment remains tough
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North East businesswoman tells of challenges in having to close apprenticeship business and make redundancies
Insolvency and Administration
Michaela Reaney was a co-owner of The Opportunity Group which had employed 35 staff and provided apprenticeships to hundreds of people
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Explained: Why did skincare company Sk:n collapse?
Insolvency and Administration
The cosmetics firm ceased trading this week reportedly leaving customers and staff 'in shock'
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Office design and fitout company Paramount enters administration
Employment
it is understand that creditors are owned more than £5m
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North East administrations fall during first half as construction sector continues to suffer
Insolvency and Administration
The results were in contrast to national totals, which edged up in the first six months of the year
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North West administrations fall in first half of year, Interpath Advisory says
North West
Business services and retail sectors among those having tough times
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County Durham cannabis firm acquired in pre-pack administration
Insolvency and Administration
Dodd Heres had seen substantial investment from shareholders as well as Government grants, but had difficulty getting the necessary regulatory licence
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