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Insolvency and Administration

Tough start to 2024 for North West firms as administrations at highest level for four years
Insolvency and Administration
Administrations also rose in 2023 with manufacturers hard hit
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Administrations boom led by three types of business, experts say
Insolvency and Administration
Insolvency practitioners at Interpath say there is liquidity in the market despite recession
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Bristol transport company collapses into administration
Insolvency and Administration
John Dinham Transport has appointed Quantuma to oversee the administration process
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Jobs lost as fast growing Aspect Facades closes in the face of cash flow issues
Insolvency and Administration
It had been crowned the North East fastest growing small business last year
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Somerset printing firm rescued from administration, saving jobs
Insolvency and Administration
The company, founded more than 40 years ago, had fallen into difficulty following the Covid pandemic
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Jobs saved as Middlesbrough's Viral Effect bought out of administration
Creative & Digital
The digital marketing specialist has been sold to another Teesside company belonging to one of its former directors
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North East insolvency experts warn of "harsh business climate"
Insolvency and Administration
The warning from R3 comes after record numbers of companies going out of business in 2023
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'Vital' air ambulance services provider rescued from administration, saving 180 jobs
Insolvency and Administration
Specialist Aviation Services provided helicopter emergency medical services and pilots to numerous air ambulance charities in the º£½ÇÊÓƵ
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Collapse of printing firm Communisis leaves deficit of more than £200m
Insolvency and Administration
Initial work by administrators of the North business show significant sums owed
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High Street Group administrators raise red flags about company with obligations to investors
Insolvency and Administration
Hadrian Real Estate plc took over some of the crashed property companies assets and projects but itself has failed to file accounts
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Number of firms in distress soars amid ‘debt storm’ worries
Insolvency and Administration
Latest Red Flag alert found 47,477 firms were in critical financial distress
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North East businesses in distress surge amid ‘debt storm’ worries
Insolvency and Administration
The number of firms in critical distress increases by a quarter at end of 2023, Begbies Traynor said
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Heather Mills vows to resurrect VBites - a month after firm collapsed with debts of £8m
Insolvency and Administration
She says 'I have chosen to resurrect the company myself and take control of the operations personally'
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Online food retailer British Corner Shop enters administration
Retail & High Street
The platform sold food and drink including Ambrosia Custard and Percy Pigs to expats abroad
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Rescue buyer sought for collapsed West Yorkshire mountain bike firm
Insolvency and Administration
Orange Mountain Bikes and P. Bairstow Ltd have now closed
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WHP Engineering collapsed with debts of almost £10m, documents show
Engineering
The firm has around 150 trade creditors who are owed almost £4m
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Sunderland cancer testing firm Arquer Diagnostics calls in administrators
Insolvency and Administration
The award-winning Sunderland firm had developed a kit that could quickly rule out bladder cancer
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Bristol restructuring expert becomes chair of R3 in the South West
Appointments
R3 is the trade association for the entire community of the º£½ÇÊÓƵ's insolvency and restructuring professionals
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Housebuilder Stewart Milne Group in administration - talks continue over future of its North West sites
Insolvency and Administration
Homes England discussing strategy for builder's English sites as administrators pause Scottish developments
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Pub company collapsed with deficiency of £8.1m as buyer sought
Insolvency and Administration
The Aprirose firm behind 25 former Wear Inns pubs owned £3m owed to lender Metro Bank and more than £891,000 owned to regional creditors, including some small brewers
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Historic Shipham Valves collapses into administration at the hands of cash flow troubles
Insolvency and Administration
39 staff have lost their jobs as the hunt for a buyer is under way
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Sports Direct firms buy website from failed Sunderland business
Retail & High Street
Direct Childrenswear went into administration after delays to a new website saw it lose sales
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Rescue deal for printing company
West Midlands
Paramount Labels & Tags has been sold by administrators
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Window of hope for North East firms as late payment numbers fall for third consecutive month
Finance
Late payment is one of the biggest bugbears facing North East business owners, says trade body R3
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