UK administrations update: September 9 - 15

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.

SOS Wholesale Limited - September 10
SOS Wholesale Limited, a Derby-based wholesaler supplying a wide range of branded products, fell into administration last week, with Richard Harrison and Howard Smith of Interpath Advisory appointed as joint administrators.

The company’s collapse came in the wake of rising input costs and changing consumer spending habits, which had an adverse impact on its cashflow and profitability, subsequently affecting its ability to meet its financial obligations. Following their appointment, the joint administrators are urgently exploring options for a sale of the business and its assets.

In the year ending October 31 2024, the company posted turnover of 42.7 million, down from £49.5 million a year earlier, but post-tax profits rose from £7.9 million to around £8.7 million. Its net assets at the time amounted to £9.4 million.

Find out more about the collapse of SOS Wholesale

Revolution-ZERO Group Limited - September 11
Revolution-ZERO Group Limited, a Hampshire-based distributor of net zero-focused personal protective equipment (PPE), fell into administration earlier this month, with David Taylor and Paul Ellison of KRE Corporate Recovery appointed as joint administrators.

In accounts for the year to March 31 2024, the company reported turnover of around £731,000, up from £534,000 a year earlier, but saw its post-tax losses widen from around £40,000 to almost £365,000.

At the time, its fixed assets were valued at approximately £436,000 and current assets at £1.5 million, with total equity amounting to slightly over £752,000.

CMS Supatrak Limited - September 11
CMS Supatrak Limited, a Swindon based provider of telematic equipment for vehicles, fell into administration earlier this month, with David Kirk and Daniel Jeeves of Kirks appointed as joint administrators.

In accounts for the year to December 31 2023, the company reported turnover of £4.9 million, up slightly from around £4.6 million the year earlier, and cut its post-tax losses from £369,000 to £129,000.

At the time, its fixed assets were valued at £302,000 and current assets at approximately £1.7 million, with net assets amounting to around £1.5 million.

Cambridge Glycoscience Limited - September 11
Cambridge Glycoscience Limited, a Cambridge-based agritech company trading as The Supplant, fell into administration last week, with Grace Jones and Rishi Karia of Parker Andrews appointed as joint administrators.

The collapse comes approximately a month after reports emerged that a buyer was being sought for the company, which has secured more than £25 million in investment from backers including Y-Combinator.

Supplant produced sugars from fibre which could then be used in confectionery products, including biscuits, cakes and chocolates.

In accounts for the period from February 29 2024 to December 31 2024, Cambridge Glycoscience Limited had fixed assets valued at around £48,000 and current assets of slightly over £821,000. However, its net liabilities at the time amounted to approximately £21.4 million.

HE Simm & Son Limited - September 11
HE Simm & Son Limited, an engineering services firm based in Liverpool, fell into administration last week, with Patrick Lannagan, Richard Hough and Adam Harris of Forvis Mazars appointed as joint administrators.

The collapse of the family-owned company, which was founded in 1948 and provided mechanical, electrical and plumbing (MEP) solutions to the built environment, was attributed to cashflow issues resulting from challenging market conditions.

In the 17 months ending December 31 2023, the company reported turnover of £118.2 million, compared to £54.1 million in the year to July 31 2022, but plummeted from a post-tax profit of around £715,000 to a loss of nearly £9 million.

Following their appointment, the joint administrators are seeking buyers for the firm’s assets, including existing customer contracts. In its most recent accounts, the firm’s fixed assets were valued at around £347,000 and current assets at £29.2 million, while total equity amounted to £1.3 million.

Read more about HE Simm & Son’s administration

Mari Vanna Limited - September 11
Mari Vanna Limited, a Russian restaurant and takeaway in London trading as Mari Vanna Deli, fell into administration earlier this month, with Georgina Eason and James Snowdon of MHA Advisory appointed as joint administrators.

In accounts for the year to March 31 2023, the company’s assets were valued at around £2.2 million, but net liabilities stood at close to £827,000.

Greenbank Group - September 11
Four companies that comprise Greenbank Group, a Derbyshire-based engineering group, fell into administration last week. Lee Causer and Benjamin Peterson of BDO were appointed as joint administrators of Greenbank Engineering Services Limited, The Greenbank Group UK Holdings Limited, Greenbank Terotech Limited and Ammegen Limited.

Greenbank’s companies provided a wide range of engineering services, including design, manufacturing, supply and installation for the bulk-handling, power, energy from waste, rail, water and wastewater sectors.

The collapse of the Swadlincote-based group, which was originally established in 1954, resulted from challenging trading conditions over recent years, which led to building cashflow pressure this year.

Another company in the group, Franklyn Yates Engineering, fell into administration in July 2025. At the time, it was reported that the rest of the group’s companies were unaffected by the collapse and were trading as normal.

However, efforts were made to secure a buyer for the group, with this process so far proving unsuccessful. The group will not continue trading while in administration, but the joint administrators said that the majority of its 43 staff are expected to be retained in the short term to oversee work in progress, while attempts are made to collect debts and explore sale options.

In accounts for the year to December 31 2023, the group’s holding company, The Greenbank Group UK Holdings Limited, reported turnover of £18.2 million, up from £17.7 million a year earlier, and a post-tax profit of around £400,000.

At the time, its fixed assets were valued at £3.1 million and current assets at £5.3 million, while net assets amounted to £3.6 million.

Dunstall Holdings Limited and Rea Valley Tractors Limited - September 11
Dunstall Holdings Limited, and subsidiary Rea Valley Tractors Limited, a major Midlands-based supplier of agricultural and industrial machinery, fell into administration last week, with Timothy Higgins, Edward Williams and Jane Steer of PwC appointed as joint administrators.

The group had faced challenging trading conditions and inflationary cost pressures. A sale of all or part of the business had been pursued in order to secure its long-term future, but no viable offers were forthcoming.

Dunstall Holdings filed a notice of intention to appoint administrators last month, along with Rea Valley Tractors and fellow subsidiaries RVT Commercial Vehicles, Altegra Access & Security Systems, Teme Valley Tractors and Altegra Integrated Solutions. There have so far been no additional updates regarding the status of the other subsidiaries.

In accounts for the period from October 30 2022 to December 31 2023, Rea Valley Tractors Limited posted turnover of £112.3 million, up from £102.8 million the year prior, but saw post-tax losses widen from around £284,000 to £5.5 million. Fixed assets were valued at £13.3 million at the time, with current assets standing at £71.1 million and net assets at £4.6 million.

For the same period, Dunstall Holdings Limited reported turnover of approximately £143 million, up from £126.5 million, but also saw its post-tax losses increase from £752,000 to £5.8 million. Its fixed assets were valued at £19.3 million and current assets at around £69 million, but net liabilities totalled almost £3 million.

Read more about the collapse of the group

Kingston Modular Systems Limited - September 12
Kingston Modular Systems Limited, a Hull-based modular building specialist, fell into administration earlier this month, with Frazer Ulrick of Westgates Restructuring appointed as administrator.

The collapse of the company, which employed 87 staff and worked across sectors including leisure, commercial, healthcare and education, came after it filed a notice of intention to appoint administrators last month.

In accounts for the year to May 31 2024, the company reported turnover of around £12.6 million, down from £17.2 million the previous year, while falling from a post-tax profit of approximately £107,000 to a loss of more than £563,000.

At the time, its fixed assets were valued at £464,000 and current assets at £3.1 million, while total equity stood at slightly over £741,000.

Vidi Construction Limited - September 12
Vidi Construction Limited, a construction company based in Coventry, fell into administration last week, with Hemal Mistry and Manubhai Mistry of Horsfields appointed as joint administrators.

The company specialised in residential new-build and conversion products, operating across the Midlands and south. The firm was in the news earlier this year, when immigration officers accessed a construction site the company was working on in Hove, arresting four males who were said to not have permission to work in the UK.

In accounts for the year to March 31 2023, the company reported turnover of £39.5 million, up from £31.5 million a year earlier, and post-tax profits of £488,430, up from around £424,000. At the time, its fixed assets were valued at £2.2 million and current assets at £10.5 million, with net assets amounting to £3.5 million.

Ruroc Limited - September 15
Ruroc Limited, a Gloucester-based manufacturer of ski and motorcycle helmets, fell into administration last week, with Timothy Higgins, Edward Williams and Ross Cannock of PwC appointed as joint administrators.

In accounts for the year to December 31 2023, the company reported turnover of £18.6 million, down from £28.5 million a year earlier, but cut its operating losses from around £2.9 million to approximately £1.7 million. Despite the loss, the company reported underlying EBITDA, one of its primary KPIs, of around £1 million.

At the time, its fixed assets were valued at £3.4 million and current assets at around £8 million. Net liabilities, however, exceeded £20 million.

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