News

Typhoo Tea, a historic British brand, faces potential administration after sales plummet, losses widen, and a factory break-in compounds financial woes.

Homebase has entered administration, endangering 2,000 jobs, while The Range owner acquires 70 stores, safeguarding 1,600 roles and the Homebase brand for online continuation.

Stapleford Park Hotel, a renowned Leicestershire venue, has entered liquidation, resulting in the loss of 92 jobs and cancelled bookings.

Parker Walsh’s Molly Monks is appointed liquidator for The Old Vicarage as the Michelin-listed restaurant succumbs to the long-lasting effects of the pandemic.

The Body Shop's remaining UK stores have been rescued from administration by a consortium led by Mike Jatania, safeguarding 1,300 jobs. The new owners aim for a sustainable future.

Insolvencies in England and Wales rose by 16% year-on-year in July, highlighting ongoing struggles for businesses despite a cautiously improving economic outlook.

Revolution Bars secured court approval for a restructuring plan to prevent collapse, addressing severe financial issues, retaining key sites, and securing creditor support. CEO Rob Pitcher expressed optimism about the future.

Harland & Wolff shareholders fear a "pre-pack" administration, risking their investments. A shareholder group seeks influence and support from Clive Palmer amid the company's strategic review by Rothschild bank.