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…
business news
I-Ride Enters Administration, Staff Unpaid and Redundant
All employees at UK-based cycling distributor I-ride, known for its flagship in-house brand Orro Bikes, have been…
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…
Manufacturing Insolvencies Update | September 2024
The UK manufacturing sector saw a promising resurgence in the second half of 2024, with growth in…
Financial Distress Still Looms Upon UK’s Construction Industry | July 2024
Insolvencies have been rising across the UK due to ongoing economic uncertainties, now compounded by the recent…
Donre Advisory Limited Files for Liquidation
Donre Advisory Limited has gone into liquidation, two months after the FCA imposed restrictions on its business…
Peterborough Council’s Smart Manufacturing Alliance to be Dissolved
Peterborough City Council is set to dissolve the Smart Manufacturing Alliance, a company established in October 2021….
Distressed Business Trends in UK’s Retail Industry | June 2024
Retail is a cornerstone of the UK’s economy, deeply embedded in the socio-economic fabric. Shops and high…
Turning Adversity into Advantage: Distressed Business Acquisitions within the SME Market
There are few players as vital and resilient as small businesses that drive a country’s economic growth….
Double Glazing Window Manufacturer Falls into Administration
Everest, a prominent windows and doors supplier in Britain, has encountered significant financial challenges, leading to its…
