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Insolvency and Administration

Concern for businesses as insolvency numbers rise in North East
Insolvency and Administration
Insolvency body R3 has released data on the eve of key releases on unemployment and inflation levels
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Administrators called in at Hull modular construction firm after period of massive growth
Insolvency and Administration
M-Ar had employed 85 people at its height, with turnover climbing from £6.2m to £30m in two years and huge new premises taken on
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Norstead claims now total £10.3m, administrators reveal
Construction
The collapse of the Metnor Group subsidiary in February resulted in 52 jobs lost
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Safestyle UK customers to have orders fulfilled by Anglian Windows after administrators strike deal
Insolvency and Administration
As terms of the sale are finalised, Anglian Windows will act as sub-contractors to Safestyle UK administrators Interpath Advisory
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Begbies Traynor acquires South West chartered surveyors firm
Deals
The business recovery and solvency practice has bought Bristol-based Andrew Forbes Limited
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More than 460 companies owed £23m by Metnor Construction, new documents show
Insolvency and Administration
The Killingworth contractor collapsed into administration earlier this year
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Fashion brand Forever Unique says refund delays down to 'difficult period' amid economic challenges
North West
Company founded by Seema Malhotra said it 'appreciates everyone's patience and understanding during this transition period'
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Listed analytics software firm Actual Experience appoints administrators
Technology
Bath-based firm warned of 'lack of progress' in funding talks
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All jobs saved after manufacturing business sold out of administration
North West
The firm has been sold to DC Norris and Company, a manufacturer of industrial food and beverage processing equipment which employs over 200 people
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Search for new occupant of Dorset construction firm’s former HQ
Offices
Wimborne-based fit-out contractor J M Scully ceased trading earlier this year
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Majority of jobs lost after timber merchant enters administration
North West
'We would encourage any parties with an interest in acquiring the business or its assets to make contact with us as soon as possible'
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North East sees 25% hike in businesses battling severe financial distress
Insolvency and Administration
The Red Flag Alert data shows firms in construction, real estate and property services, support services and general retailers are worst affected by the economic climate
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Distress levels rise for Humber businesses with state of the economy pushing many to the brink
Economy
Red Flag Alert data underlines worrying level of financial pressure being applied
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Nearly 50,000 North West companies 'on the brink' and in 'significant' financial distress
North West
The largest volume of distressed businesses are found in three sectors: construction, real estate and support services
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Around 680 jobs lost at Safestyle as Yorkshire firm goes into administration
Insolvency and Administration
Bradford-based firm had a manufacturing site near Barnsley, as well as depots around the UK
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Wilko products go on sale at The Range as it brings brand into its UK stores
Retail & High Street
The Wilko brand, website and intellectual property was bought by The Range for £5m
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More East Midlands companies failing, new data suggests
Insolvency and Administration
Insolvency activity – including liquidator and administrator appointments and creditors’ meetings – rose a third last month
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Corporate insolvencies rise by 70 per cent in South West, according to report
Insolvency and Administration
Analysis of notices in The Gazette by Interpath Advisory revealed a total of 30 companies based in the South West fell into administration in Q3 2023
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Homeware chain Chiltern Mills blames Covid impact as it falls into liquidation
Insolvency and Administration
The firm had three locations in Leeds and Teesside
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Administrators appointed at financial services firm
West Midlands
Interpath Advisory is seeking a new buyer for Coleshill-based insurance specialist Central Cab Care
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Yorkshire and North East bucks national trend as administration rates drop 10%
Insolvency and Administration
Analysis by Interpath Advisory shows a drop in administrations in the third quarter of 2023 - but warns it could be a temporary respite
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Administrators appointed to popular hotel and wedding venue in south east Wales
Insolvency and Administration
Miskin Manor Hotel cited "cashflow pressures" as it appointed joint administrators to trade the business as a going concern
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Hopes of buyer emerging for stricken Volta Trucks expressed by administrator and Hull supplier
Insolvency and Administration
Swedish electric vehicle start-up filed for bankruptcy earlier this week putting the brakes on huge growth plans for city success story Paneltex where 47 jobs could be at risk
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Wiltshire motocross bike dealership closes due to difficult trading conditions
Insolvency and Administration
Administrators said five jobs had been lost with the closure of the Salisbury branch of Holeshot Motocross
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