Administration Acquisitions News

Mon, 21 Jun 2010: Scottish stonemasonry business Hunter Clark has been placed into administration, with several projects left incomplete as well as the loss of its entire workforce....
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Wed, 16 Jun 2010: Welsh TV group Barcud Derwen has entered administration shortly after seeking essential funding from the Welsh Assembly Government for the loss-making business....
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Wed, 16 Jun 2010: Cuts in public sector spending have taken their toll on a Nottinghamshire building business, which entered administration this week with the loss of up to 30 jobs. ...
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Tue, 15 Jun 2010: Lincolnshire-based outdoor clothing retailer G.H. Tayberry & Co Limited has been put on the market, with potential buyers circl...
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Tue, 15 Jun 2010: Pilkington's Tiles, the Manchester-based leading tiling manufacturer, has been placed into administration, putting all of the company's 380-strong workforce unde...
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Mon, 14 Jun 2010: Scottish lingerie retailer Boudiche has had to close its doors after entering into administration, having suffered in the economic downturn and from tram works in Edinburgh....
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Mon, 14 Jun 2010: Buyers are urgently being sought for an Exeter-based hot drinks business which has entered administration after accumulating millions of pounds worth of debt....
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Fri, 11 Jun 2010: Administrators for two Scottish nursing homes are looking for buyers for the businesses, as their elderly residents begin searches for new homes, after the company behind the homes went into administration....
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Thu, 10 Jun 2010: Heathcliff Haulage has undergone a pre-pack administration through Leonard Curtis, securing the future of 48 jobs at its Cambridgeshire-based haulage ...
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Wed, 09 Jun 2010: A crippling tax bill has driven a Cambridgeshire haulage firm into a pre-pack administration deal. ...
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Tue, 08 Jun 2010: An exclusive Irish boutique hotel has gone into receivership – the latest victim of the nation's ailing tourism i...
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Tue, 08 Jun 2010: A buyer is being sought for a Manchester-based manufacturer of personalised workwear, after it was placed into administration this week....
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Thu, 03 Jun 2010: The well-frequented superclub Fabric has entered administration after experiencing a financial drain due to the short-term closure of its sister club Matter....
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Wed, 02 Jun 2010: Buyers are being sought for a 180 year-old Scottish printing firm that has filed for administration. ...
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Tue, 01 Jun 2010: Digitimer has bought Gaeltec, the Skye-based medical device manufacturer with 12 staff, out of administration....
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Thu, 20 May 2010: CMYK Ltd, a Blackpool printing firm, fell into administration earlier this week. It is thought that the company’s 19 staff based at the premises at the Charles Street premises, were despatched home and that the firm ceased trading immediat...
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Fri, 14 May 2010: Resistance welding components specialist, R&W Cushway & Co Limited, has entered administration, with the appointment of Geoff Rowley and Jason Baker of Vantis Business Recovery Services. The recession and difficult trading are the factors behind the situation, according to Steve Herrington, a director at the firm. He says, "the volume of work required in keeping the business viable has not been available." The administrators are currently seeking buyers for the business, while it continues to trade in order to finish its incompleted works. Vantis made 12 redundancies on appointment. Of the administration, Mr Baker said: "The continued decline of the automotive industry has badly affected R&W Cushway & Co Limited and, consequently, the Directors had no alternative other than to place the company into administration." A family-operated business based in Waltham Abbey, Essex, it has supplied niche resistance welding consumables to the automotive and general welding trades for more than 70 years. The company website informs visitors that its revenues are in excess of £3.5m, and that it has good levels of raw materials consistently available. There is also substantial stock of complet...
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Fri, 14 May 2010: G&H Web Offset, the printing subsidiary of the G&H group, has entered administration after what bosses said has been an "extremely tough&...
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Thu, 13 May 2010: Housebuilder John Dickie Group has had no choice but to enter administration after its bank withdrew its lending support. The Bank of Scotland called ...
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Wed, 12 May 2010: The company behind a planned 44-storey commercial property situated in the city centre of Manchester has entered administration. Bill Dawson and Ian Brown of Deloitte were brought in to Albany Crown, which was working on the plans before the credit crunch hit Britain. The site, which was formerly a labour exchange, was purchased by Albany for £6m in 2005. Planning consent was granted the same year. The £80 million project was to dominate the skyline and house ten storeys of offices, 237 apartments and a hotel. The ground floor was to be used for a mixture of leisure and retail. Deloitte explained the property developer's situation: "The company had a challenging cash-flow position which was adversely impacted by the difficult economic climate, resulting in today's administration." Albany's cash flow problems proved to be dehabilitating, leading to delays on the project's progress. Its bank Barclays will not be able to recover its loans from the developer. Mr Dawson said: "This is a prominent and attractive site in central Manchester and we are seeking interested partie...
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