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© 2024 a Reach plc subsidiary
Insolvency and Administration
15:33, 19 OCT 2023
Body blow for Hull manufacturing firm as pioneering electric truck client Volta files for bankruptcy
Automotive
Volta Trucks has pulled the plug on operations after battery supplier loss shattered investor confidence
Bookmark
Broker Blankstone Sington enters special administration
North West
The move comes after the firm best known for brokering Everton FC shares asked for restrictions to be placed on its activities in November 2021 following the 'loss of several experienced staff who cannot easily be replaced'
Bookmark
80 jobs saved as 133-year-old firm sold out of administration
Deals
Hodgson Acoustics Company, in north Leicestershire, has been sold to Wiltech Acoustics
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North East business insolvency slows by 8%, latest R3 research shows
Insolvency and Administration
The levels in the last quarter were, however, up on figures recorded last year
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Investigation launched into collapsed funeral plan firm Safe Hands
Insolvency and Administration
The Serious Fraud Office is investigating what happened when the firm collapsed last year
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Wilko assets being sold off at auction
Insolvency and Administration
The 93-year-old discount retailer has now shut its 400 UK stores after tumbling into administration in August
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Liverpool venue collapses into administration 18 months after being rescued by former Iceland boss
North West
'There are several conversations in play with potential purchasers'
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Hundreds of jobs to go as major windows manufacturer enters administration
Insolvency and Administration
More than 500 jobs are expected to be lost at UK Windows and Doors Group
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Landmark four-star hotel put back on sale after deal falls through
North West
At the start of this year, the hotel was forced to change its name after a former boss demanded £20,000 a month
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Over 40 jobs saved after Bristol law firm sold out of administration
Legal
Former personal injury specialist Lysander Law ceased operations on September 22 2023
Bookmark
Amigo Loans wind down to be completed ‘in the next few months’
Finance
The Bournemouth-based lender’s parent firm said it was still open to ‘viable expressions of interest in all parts of the business’
Bookmark
50 jobs saved as Allen Jackson Bakery acquires Jacksons the Bakers
Deals
Historic bakery went into administration due to challenging trading conditions brought on by pandemic and energy costs
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Almost 200 jobs saved as Kinaxia Logistics buys counterpart after owner prepares to enter administration
North West
Kinaxia is headquartered in Macclesfield and employs more than 1,600 staff nationwide
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'Ransom payments', rail strikes and cost-of-living crisis force The Dixie Dean Hotel into the red
North West
The hotel is recently been remarketed for sale by CBRE for £2.5m
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North East business insolvencies rise at highest rate in UK in August, figures show
Insolvency and Administration
R3 said that more than 12,300 North East businesses had more than 152,000 overdue invoices on their books during August
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Springs company in administration after 'unprecedented cost increases'
Insolvency and Administration
Kroll hopes to sell Heath Springs and Components as going concern
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Offer accepted 'from the highest bidder' for former Signature Living hotel Rainhill Hall
North West
The hotel has been operating at a loss and has relied on a loan to keep trading.
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Industry compensation scheme to pay out over WealthTek's missing £81m
Insolvency and Administration
The Financial Services Compensation Scheme is ready to meet losses up to £85,000 per customer
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Welsh go-kart maker goes into administration
Insolvency and Administration
Formula K International was set up by four times go-kart world champion Graham Liddle
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Government looks set to bring in commissioners to run Birmingham City Council
Insolvency and Administration
Also fears the authority could be forced to sell off assets, including its stake in Birmingham Airport
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Revealed: Tech unicorn Wejo collapsed into administration owing over $100m after investor's 11th hour decision
North West
Wejo had been listed on the Nasdaq in the USA.
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British high street is not dead, says Government as politicians weigh in on Wilko collapse
Retail & High Street
Warning that Government response does not 'match the scale' of the problems facing town and city centres
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The Range finalises deal to buy Wilko brand and website
Insolvency and Administration
More than 10,000 further Wilko workers are set to lose their jobs by next month
Bookmark
Poundland owner to buy up to 71 Wilko stores – and offer jobs to workers facing redundancy
Insolvency and Administration
PwC said around 3,200 Wilko staff currently work across Wilko sites that are being acquired by Poundland owner and B&M
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