Administration News

Assets to be sold after Newcastle construction firm enters administration

Wed, 22 Feb 2023 | ADMINISTRATION
Administrators are seeking to realise the assets of Newcastle-based construction firm Metnor Construction following the company’s collapse. Steve Ross and Allan Kelly of FRP Advisory were appointed as joint administrators to... continue reading

Administrators selling Birmingham casino’s assets

Wed, 15 Feb 2023 | ADMINISTRATION
Administrators are seeking to sell the assets of a casino in Birmingham after efforts to find a buyer for the business failed. Kroll’s Matthew Ingram and Elizabeth Welch have been appointed joint administrators to Birmingham... continue reading

Buyer sought for £198m-turnover contractor following administration

Tue, 14 Feb 2023 | ADMINISTRATION
A buyer is being sought for the business and assets of Gateshead construction firm Tolent after it fell into administration. James Lumb and Howard Smith of Interpath Advisory were appointed as joint administrators to Tolent Plc an... continue reading

Accelerated sale process launched for refrigeration manufacturer

Mon, 13 Feb 2023 | ADMINISTRATION
An accelerated sale process has been launched for refrigeration manufacturer Arctic Circle Limited, after the company fell into administration. The Hereford-based company designs, manufactures and distributes commercial refrigerat... continue reading

Business and assets for sale as administrators wind up arts and crafts firm

Fri, 10 Feb 2023 | ADMINISTRATION
Administrators are exploring options for the sale of the assets and residual business of a Greater Manchester-based arts and crafts products manufacturer as they wind up the company. Brian Clegg (Educational Products) Ltd went int... continue reading

Administrators seek to sell £25.6m-turnover warehouse flooring specialist

Thu, 09 Feb 2023 | ADMINISTRATION
Administrators from Mazars LLP say they are seeking to sell the business and assets of Manchester-based floor specialist Malin Industrial Concrete Floors Ltd. The company has fallen into administration despite reporting strong gro... continue reading

Administrators exploring accelerated sale of telecoms contractor

Tue, 07 Feb 2023 | ADMINISTRATION
Administrators from RSM UK Restructuring Advisory LLP are seeking a buyer for the business and assets of Nottingham-based telecoms contractor Light Source Design Limited. The company, which was founded 20 years ago, had turnover o... continue reading

Australian firm announced as preferred bidder for collapsed UK battery start-up

Mon, 06 Feb 2023 | ADMINISTRATION
Recharge Industries has been named as the preferred bidder for a UK battery start-up which recently collapsed. Britishvolt, which was put into administration last month after it ran out of money had planned to build a £3.8... continue reading

M&Co brand bought out of administration, but 170 stores still to close

Mon, 06 Feb 2023 | ADMINISTRATION
Scottish clothes retailer, M&Co has been bought out of administration, however, its 170 stores are not part of the deal. AK Retail Holdings, which owns Yours Clothing, Long Tall Sally, BadRhino and Bump It Up Maternity, has bough... continue reading

Administrators still hope to find buyer for gin firm

Tue, 31 Jan 2023 | ADMINISTRATION
Administrators from Begbies Traynor say they still hope to find a buyer for gin producer Burleighs Gin, after newly released documents showed that the company’s debts stood at around £1.58 million when it collapsed in ... continue reading

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