Thames Water Debt Crisis: Ofwat Appoints Administrators
L.E.K. Consulting have been appointed as the official administrators for Thames Water, the UK’s largest private water…
Business acquisition
UK Businesses Face Steepest Confidence Decline in a Year; Insolvencies Continue to Surge Before Budget
The recent slowdown in the UK’s private sector signals growing unease among businesses, with October’s PMI (purchasing…
Intake Transport Files Notice to Appoint Administrators
Scunthorpe-based Intake Transport, has filed a notice of intent to appoint administrators. The business is a family-led…
Zytronic Considering Liquidation in Light of Financial Struggles
Zytronic, the Gateshead-based manufacturer of touch overlay sensors, is exploring several options, including a potential sale or…
WFC Contractors Saved in Pre-Pack Deal, Securing 60 Jobs
Devon-based WFC Contractors, a specialist in hospitality fit-outs and refurbishments, has been saved from administration through a…
Rankin Group Files for Bankruptcy Amid Financial Struggles
British photographer Rankin has declared his advertising agency, Rankin Group, bankrupt after accumulating debts exceeding $1.7 million….
More than 500,000 Businesses Go Under Amidst Economic Uncertainty
As of October 2023, 99% of UK businesses are classified as small or medium enterprises (SMEs), with…
Sussex GP Federation Goes into Insolvency
A major GP federation, Innovations in Primary Care (IPC), which served approximately 540,000 patients across West Sussex,…
Restructuring Approved for Cineworld; 5 Locations to Close
Four companies within the troubled Cineworld group have received approval for their restructuring plans from a High…
ISG Construction Enters Insolvency; All Work Stopped
UK contractor ISG Ltd. entered administration on September 20, mirroring bankruptcy in the US, leaving the construction…
