Tue, 12 May 2026 | ADMINISTRATION
Since our last update, the following businesses have been confirmed as having fallen into administration. All dates indicate when the administration was announced and not necessarily the dates on which administrators were appointed.
Envisics Limited - May 5
Envisics Limited, a developer of holographic technologies for augmented reality head-up displays (AR-Huds) for the automotive sector, fell into administration in late April, with Simon Carvill-Biggs and Geoffrey Rowley of FRP Advisory appointed as joint administrators.
In the year to December 31 2024, the company reported revenue of around £1.9 million. Up from £1.1 million, while its EBITDA losses fell from £30.4 million to £25.6 million. As the company was still in a pre-mass production revenue stage at the time of these accounts, directors stated that EBITDA was the firm’s principal financial performance indicator and that the lower EBITDA loss came after a full year of revenues from one of its customer contracts.
At the time, the company’s fixed assets were valued at £7.2 million and current assets at £16.9 million, with net assets totalling £16.5 million.
Escape Fitness Limited - May 5
Escape Fitness Limited, a Cambridgeshire-based manufacturer of commercial fitness equipment, fell into administration last month, with Scott Bevan and Simon Chandler of Forvis Mazars appointed as joint administrators.
In accounts for the year to December 31 2023, the company reported turnover of £15.3 million, down from around £19.8 million a year earlier, but saw its operating profits increase from approximately £111,000 to around £440,000.
At the time, its fixed assets were valued at £2.2 million and current assets at around £6.6 million, while net assets totalled £641,523.
Caasa Homes Eastbourne Limited - May 5
Caasa Homes Eastbourne Limited, a property developer based in Guildford, fell into administration in late April, with Geoffrey Bouchier and Benjamin Wiles of Kroll Advisory appointed as joint administrators.
In accounts for the year to May 31 2024, the company’s current assets were valued at £12.2 million, while net liabilities totalled close to £40,000.
Benlowe Group Limited - May 6
Benlowe Group Limited, a Leicester-based window supplier, fell into administration at the end of April, with Thomas Harris and Martin Buttris of BTG Begbies Traynor appointed as joint administrators.
In accounts for the year to September 30 2024, the company’s turnover stood at £5 million, down from £7.6 million a year earlier, while it fell from an operating profit of around £321,000 to a loss of £353,000.
Directors stated in the report that performance had been impacted by a negative trend in the UK housing market, with mortgage rate increases heavily reducing demand.
At the time, its fixed assets were valued at around £808,000 and current assets at £4.2 million, while net assets totalled approximately £3.5 million.
BLB Solicitors Limited - May 6
BLB Solicitors Limited, a law firm headquartered in Wiltshire, fell into administration at the end of April. The company fell into administration after the collapse of a previously agreed rescue deal.
As the administrators are now solicitors, Solicitor Regulation Authority rules prevented them from trading the business in administration while seeking a new buyer, meaning that there was no alternative but for it to cease trading.
The joint administrators are now focused on realising value from the company’s assets.
Find out more about this opportunity here
Airsprung Group plc and Airsprung Furniture Limited - May 7
Airsprung Group plc and Airsprung Furniture Limited (together trading as Airsprung), a bed and mattress manufacturer based in Wiltshire, fell into administration at the beginning of May. The company had faced challenging trading conditions in recent years and its cashflow issues intensified over recent months.
Despite exploring potential investment options and offers, the company’s cashflow position and the nature and level of interest meant that it had to be placed into administration.
The company’s joint administrators are now exploring interest in the business and its assets on an accelerated basis and have urged interested parties to contact them.
Find out more about the opportunity to acquire Airsprung and its assets
Funeral Safe Limited - May 8
Funeral Safe Limited, an Ipswich-based funeral finance and credit provider, fell into administration last week, with Geoffrey Bouchier and Benjamin Wiles of Kroll Advisory appointed as joint administrators.
In accounts for the year to December 31 2024, the company’s assets were valued at around £13.5 million, but net liabilities totalled more than £61,000.
Amiry & Gilbride Healthcare Limited - May 8
Amiry & Gilbride Healthcare Limited, the Glasgow-based holding company for a chain of 13 Scottish pharmacies, fell into administration at the end of April. Neither of the holding company’s subsidiaries have entered administration and continue to trade as normal.
A new governance structure has been established by the joint administrators, who will work to gain a clear understanding of the group’s financial position before looking to sell the group via a marketing process.
Find out more about the administration of Amiry & Gilbride and click here to see our fast sale listing for the business
REE Automotive UK Limited - May 11
REE Automotive UK Limited, a commercial fleet vehicle electrification company based in Coventry, fell into administration last week, with Tom Bowes and Martyn Rickels of FRP Advisory appointed as joint administrators.
In accounts for the year to December 31 2024, the company reported turnover of £27.2 million, down from around £31.5 million the previous year, while falling from an operating profit of approximately £4.5 million to a loss of £1.8 million.
At the time, its fixed assets were valued at £15.2 million and current assets at £14.6 million, while total equity amounted to £10 million.
Carbon Savings Limited - May 11
Carbon Savings Limited, a Winslow-based solar, heating and insulation grants firm trading as Warma UK, fell into administration at the beginning of May, with Andrew Hosking and Andrew Andronikou of BTG Begbies Traynor appointed as joint administrators.
In accounts for the year to March 31 2025, the company’s fixed assets were valued at around £121,000 and current assets at £2.8 million, with net assets totalling around £497,000.
This construction and renovation business, easily repositionable, specialises in servicing schools and educational institutions, boasting a robust client base across South Wales school frameworks.
The business is a reputable structural steelwork erection contractor in South Wales, known for its collaborative approach with steelwork contractors and strong client relationships.
This leading on-site automotive refurbishment company boasts a longstanding reputation for quality and expertise, servicing over 200 clients with a remarkable 95% repeat business rate.
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