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Insolvency and Administration
11:50, 25 JAN 2024
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
Bookmark
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
Bookmark
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
Bookmark
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
Bookmark
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'
Bookmark
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
Bookmark
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
Bookmark
Bristol restructuring expert becomes chair of R3 in the South West
Appointments
R3 is the trade association for the entire community of the º£½ÇÊÓÆµ's insolvency and restructuring professionals
Bookmark
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
Bookmark
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
Bookmark
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
Bookmark
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
Bookmark
Rescue deal for printing company
West Midlands
Paramount Labels & Tags has been sold by administrators
Bookmark
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
Bookmark
Rent negotiations prevent reuse of Newcastle city centre nightlife venues
Insolvency and Administration
The venues' expensive audio visual equipment has been sold for £234,000 by administrators
Bookmark
Scores of jobs lost as WHP Engineering in Gateshead collapses into administration
Insolvency and Administration
Almost all of its 61-strong workforce has been made redundant
Bookmark
Begbies Traynor hires more staff and warns of more insolvencies as cost-of-living crisis goes on
Professional Services
Group said number of businesses going insolvent in the º£½ÇÊÓÆµ increased by a little over 17% in a year
Bookmark
Designer Childrenswear fashion firm closes as website change triggers financial collapse
Retail & High Street
The firm's website was offline at a crucial time - an installation issue which cost the company dearly
Bookmark
North East insolvency numbers jump - and Christmas could deal final blow for more, R3 warns
Insolvency and Administration
The North East chair of insolvency and restructuring trade body R3 says its impossible to say if struggling businesses will get enough of a boost from festive trading
Bookmark
Efforts to complete the sale of Britishvolt extended by administrators
Automotive
EY have warned it may look for an alternative buyer if the current deal with preferred bidders Recharge Industries can't be completed
Bookmark
Real Good Food files notice of intent to enter administration
North West
The move comes after it recently appointed Interpath Advisory to oversee a strategic review of group company JF Renshaw
Bookmark
Overdue invoices in the South West drop year-on-year, according to new research by R3
South West
R3's analysis of data is provided by Creditsafe
Bookmark
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