Administration News

Savvy companies expanding through distressed purchases

Thu, 01 Apr 2010 | ADMINISTRATION
Whilst, sadly, many companies are collapsing into liquidation and administration as they struggle with cash flow problems, many savvy business owners are poised on the sidelines ready to pick up bargains. Saul Loggenberg is one o... continue reading

Merseyside training business PFL Limited in administration

Thu, 01 Apr 2010 | ADMINISTRATION
Merseyside training firm, PFL Limited, has entered administration with the appointment of Stephen Clancy and David Whitehouse of MCR in Manchester. The company was set up in 1999 as a division of the charity Partnership for Learn... continue reading

BuildAbility runs out of money for The Cube

Wed, 31 Mar 2010 | ADMINISTRATION
BuildAbility, the building firm that is responsible for Birmingham’s The Cube canal-side landmark, has gone into administration. The firm says it has been unable to reach an agreement about funding with its bank. Pricewater... continue reading

Quinn Direct placed into administration

Wed, 31 Mar 2010 | ADMINISTRATION
Motor insurer Quinn Direct, part of Ireland's biggest insurer Quinn Insurance Limited, has been placed into administration. The UK business, which has 390,000 policyholders, specialised in low-cost policies for young drivers... continue reading

Taj food stores in administration and for sale as going concern

Tue, 30 Mar 2010 | ADMINISTRATION
Major independent city food stores in Brighton are under threat after parent company, Taj Mahal Natural Food Ltd, fell into administration. The firm runs the Taj food stores on the city’s Western Road and St James’s S... continue reading

Imagine Homes to be placed on the market

Mon, 29 Mar 2010 | ADMINISTRATION
Imagine Homes, the buy-to-let business owned by Anthea Turner's husband Grant Bovey, will shortly be placed on the market by Deloitte, the administrators. Knight Frank is due to release an information memorandum to intereste... continue reading

Government and insolvency professionals clash over prepack administrations

Fri, 26 Mar 2010 | ADMINISTRATION
R3, the trade body for insolvency professionals, has accused the government of undermining the public’s confidence in the practice of pre-packaged administrations. These are where businesses are put into administration and... continue reading

Highland Airways in administration

Fri, 26 Mar 2010 | ADMINISTRATION
Scottish airline Highland Airways has handed over the running of the business to PricewaterhouseCoopers, having entered administration. Most of the firm's 100 employees will lose their jobs, while operations have been cancel... continue reading

Jarvis to enter administration after a fall in rail hire volumes

Thu, 25 Mar 2010 | ADMINISTRATION
Rail maintenance contractor Jarvis is set to enter administration following a dive in rail and plant hire volumes, effectively putting 2,000 jobs at risk. Network Rail, the government-backed operator, decided to delay its track r... continue reading

Cardiff City Football Club needs urgent funding

Fri, 19 Mar 2010 | ADMINISTRATION
Cardiff City FC will face administration if it does not receive new funding soon, according to reports. The Cardiff City Supporters Club and the Trust said: "The situation is clearly perilous." "Although we are led to believe th... continue reading

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Mar

Industrial cleaning services firm acquired in pre-pack administration | ADMINISTRATION

An industrial cleaning services firm based in West Yorkshire...

Mar

Business and assets marketed for sale as Land Rover restorer collapses | ADMINISTRATION

Administrators are seeking buyers for the business and asset...

Mar

Acquisitive Babble completes double takeover | BUSINESS SALE

Babble, a private equity-backed UK cloud service provider (C...

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