News

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.

Cineworld will close six UK cinemas, including Glasgow Parkhead and Bedford, amid financial struggles. Previous closures include Newport, Runcorn, and Bristol locations.

The once-thriving financial advice network, Tenet Group, has fallen into administration, resulting in the loss of 95 jobs.