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Insolvency and Administration

North East firms 'face tough decisions over future' as overdue invoices rocket to two-year high
Insolvency and Administration
Insolvency body R3 says the rising numbers suggest payment practices are getting worse
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The Range announces new store openings following Homebase acquisition
Retail & High Street
The superstore outlets will include gardening hubs under the banner of the former DIY chain
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Plymouth restaurant shuts its doors leaving owner broke
Insolvency and Administration
Koala Karlous opened in 2023 and went on to have several locations but the entire chain has now closed
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Thousands of Bristol companies in 'significant' financial distress
Insolvency and Administration
Construction firms are particularly struggling as well as real estate and property businesses
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Historic Tyneside music store that lost battle with online giants went bust owing almost £1m
Retail & High Street
Music store JG Windows Ltd, which opened in Newcastle city centre in 1908, was placed into liquidation at the end of last year
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Jobs saved as Horizon Works Marketing assets acquired
Insolvency and Administration
The North East agency continues to work with clients and says it is now focused on growth
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North East economy 'under siege' as number of firms in financial distress rockets by 75%
Finance
The Begbies Traynor research shows financial services, property and food and beverage production firms are suffering the most
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More than 400 jobs lost as metalwork operation collapses only months after rescue
Insolvency and Administration
Fuel tank maker Fablink was bought out of administration only three months ago but its new owner has now also collapsed
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Cornwall firm goes into liquidation owing almost £1m
Insolvency and Administration
Summercourt Travel Limited was declared insolvent in the fortnight leading up to Christmas
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Number of companies in administration rises as firms face 'challenging environment'
Insolvency and Administration
Retail, construction, hospitality, manufacturing and real estate were the worst-hit sectors
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100 jobs lost as Gateshead's Virtuoso Doors falls into administration
Insolvency and Administration
The Follingsby Park firm was not among the other Customade Group businesses rescued in recent deals
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List of shops that have gone into administration in 2024
Retail & High Street
It's been another difficult year for the retail industry and it doesn't look set to get much better
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Dozens of jobs saved as digital healthcare group Remedi Solutions bought from administration – and new owner Nadeem Sarwar says Cheshire business has 'significant growth potential'
Deals
Joint administrator says 'We are delighted to have saved all 83 jobs, especially at this time of year'
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Historic Bartoline rescued from administration in £800k deal, saving 90 jobs
Insolvency and Administration
The DIY products specialist had encountered difficulties following Covid
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Insolvency activity down in Yorkshire and Humber though experts warn of challenges for hospitality sector
Economy
Start-up numbers were down across the region November, according to latest statistics
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Atom Beers acquired in pre-pack administration by Hull businessman Rob Brocklesby
Insolvency and Administration
The brewery's sister bar, on Princes Avenue, is unaffected and remains under the ownership of Atom founder Allan Rice
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Bristol tech firm 3radical collapses as parent company suspends shares on AIM
Insolvency and Administration
The South West business was acquired by Electric Guitar Plc in a reverse takeover deal in April
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Typhoo Tea tumbles into administration after 120 years
Insolvency and Administration
The collapse follows several years of declining sales, mounting debts and even a break-in at its Wirral factory last year
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Jobs lost as Yorkshire housebuilder Camstead Homes falls in administration
Insolvency and Administration
Work has paused at three sites in Derwenthorpe, Shepley and Adel
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Frozen assets of former WealthTek boss John Dance could be used to benefit clients
Insolvency and Administration
Administrators of the shuttered firm acknowledged the "hardship" and "distress" caused to clients as they received the first tranche of £26.6m from the Financial Services Compensation Scheme
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Britishvolt administrators move to liquidate failed gigafactory firm
HMRC
It had been hoped that the project would create thousands of jobs in Northumberland but the plans never came to fruition
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Formula One supplier Retrac Group sold after falling into administration, saving 110 jobs
Insolvency and Administration
The Swindon company will continue to operate from its site in Wiltshire following its sale to a Coventry firm
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North East business tackling strain of more than 482,000 overdue invoices, research shows
Insolvency and Administration
The survey by R3 has found that the region's business has seen a rise in the number of unpaid bills - both month-on-month and year-on-year
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Around 140 jobs saved as Linbrooke Services is sold in pre-pack deal
Deals
The Sheffield firm's railway construction business has been sold to new owners Keltbray
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