Luxury yacht manufacturer Fairline Yachts has gone into administration just weeks after a change in ownership, with administrators seeking a buyer while business operations continue.
Didsbury Gin, famed for award-winning spirits and Dragon’s Den backing, has entered liquidation, with parent company Alderman’s Drinks owing creditors nearly £200,000.
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.
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.