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	<title>administration - NewsWire Explorer</title>
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		<title>UK construction company with 55 staff plunges into administration – in business since 1995</title>
		<link>https://www.newswireexplorer.com/uk-construction-company-with-55-staff-plunges-into-administration-in-business-since-1995/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=uk-construction-company-with-55-staff-plunges-into-administration-in-business-since-1995</link>
		
		<dc:creator><![CDATA[Harry J]]></dc:creator>
		<pubDate>Thu, 30 Jul 2026 10:21:01 +0000</pubDate>
				<category><![CDATA[World]]></category>
		<category><![CDATA[administration]]></category>
		<category><![CDATA[Alliance Hire Solutions Ltd]]></category>
		<category><![CDATA[construction equipment hire]]></category>
		<category><![CDATA[Employment]]></category>
		<category><![CDATA[Nationwide]]></category>
		<category><![CDATA[Nationwide Hire Ltd]]></category>
		<category><![CDATA[Renting]]></category>
		<guid isPermaLink="false">https://www.newswireexplorer.com/uk-construction-company-with-55-staff-plunges-into-administration-in-business-since-1995</guid>

					<description><![CDATA[<p><a href="https://www.express.co.uk/news/uk/2234356/uk-construction-company-administration"><img src="https://www.newswireexplorer.com/uploads/2026/07/uk-construction-company-with-55-staff-plunges-into-administration-in-business-since-1995-1.png"/></a></p>
<p>A UK construction equipment hire firm with 55 employees has entered administration after more than 30 years in business.</p>
<p>The post <a href="https://www.newswireexplorer.com/uk-construction-company-with-55-staff-plunges-into-administration-in-business-since-1995/">UK construction company with 55 staff plunges into administration – in business since 1995</a> first appeared on <a href="https://www.newswireexplorer.com">NewsWire Explorer</a>.</p>]]></description>
										<content:encoded><![CDATA[<div><img decoding="async" src="https://www.newswireexplorer.com/uploads/2026/07/uk-construction-company-with-55-staff-plunges-into-administration-in-business-since-1995.png" class="ff-og-image-inserted"></div>
<div readability="35.355555555556">
<p>A UK construction equipment hire specialist employing 55 people has entered <a data-link-tracking="InArticle|Link" title="UK manufacturer plunges into administration - all jobs lost" href="https://www.express.co.uk/news/uk/2234059/UK-manufacturer-plunges-administration">administration</a> after more than three decades in business. Nationwide Hire Ltd, the trading entity behind Nationwide Hire Solutions, filed a notice of intention to appoint administrators before officially entering administration on 28 July.</p>
</div>
<div readability="38.931989924433">
<p>The <a data-link-tracking="InArticle|Link" title="Tributes for tragic Brit woman, 32, after she 'asked to be murdered' in Florida" href="https://www.express.co.uk/news/uk/2233520/tributes-tragic-brit-woman-32-who-paid-murdered-florida">Hampshire</a>-based company, which has been operating since 1995, acts as a <a data-link-tracking="InArticle|Link" title="Martin Lewis shares 3-figure reminder to anyone with UK bank" href="https://www.express.co.uk/finance/personalfinance/2233341/martin-lewis-uk-bank-money">nationwide equipment</a> hire broker, sourcing machinery, tools and site equipment through a network of more than 900 suppliers. Its latest financial accounts, covering the year to September 2024, showed turnover of £11million. However, the business recorded a pre-tax loss of £1million while employing 55 members of staff.</p>
</div>
<div readability="40">
<p>On its website, Nationwide Hire describes itself as &#8220;the UK&#8217;s original equipment hire broker&#8221;, offering customers a single point of contact for sourcing powered access equipment, plant machinery, tools, fuel, site welfare units and other construction essentials across the country.</p>
</div>
<div readability="33">
<p>Despite entering administration, the business has been rescued through a sale.</p>
</div>
<div readability="34">
<p>Suppliers were informed this week that Nationwide Hire Solutions has been acquired by Alliance Hire Solutions Ltd, part of the Alliance Tool Hire Group.</p>
</div>
<div readability="35">
<p>Under the deal, ownership of the business transfers to Alliance Hire Solutions, although it will continue trading under the Nationwide Hire Solutions brand.</p>
</div>
<div readability="39">
<p>Alliance Tool Hire Group is one of the South of England&#8217;s largest independent tool hire operators, with a network of 10 depots. The group provides access to powered access equipment, heavy plant machinery, tools, welfare units and waste management systems through a single point of contact for customers.</p>
</div>
<div readability="35">
<p>The acquisition means the Nationwide Hire Solutions brand will continue operating despite the collapse of its trading company, bringing an end to a challenging period for the long-established construction hire specialist.</p>
</div><p>The post <a href="https://www.newswireexplorer.com/uk-construction-company-with-55-staff-plunges-into-administration-in-business-since-1995/">UK construction company with 55 staff plunges into administration – in business since 1995</a> first appeared on <a href="https://www.newswireexplorer.com">NewsWire Explorer</a>.</p>]]></content:encoded>
					
		
		
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		<title>UK engineering company plunges into administration after 45 years &#8211; all jobs lost</title>
		<link>https://www.newswireexplorer.com/uk-engineering-company-plunges-into-administration-after-45-years-all-jobs-lost/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=uk-engineering-company-plunges-into-administration-after-45-years-all-jobs-lost</link>
		
		<dc:creator><![CDATA[Harry J]]></dc:creator>
		<pubDate>Sat, 25 Jul 2026 05:00:30 +0000</pubDate>
				<category><![CDATA[World]]></category>
		<category><![CDATA[administration]]></category>
		<category><![CDATA[Employment]]></category>
		<category><![CDATA[Galino Limited]]></category>
		<category><![CDATA[industrial fastening tools]]></category>
		<category><![CDATA[Job Cuts]]></category>
		<category><![CDATA[job losses]]></category>
		<guid isPermaLink="false">https://www.newswireexplorer.com/uk-engineering-company-plunges-into-administration-after-45-years-all-jobs-lost</guid>

					<description><![CDATA[<p><a href="https://www.express.co.uk/news/uk/2232498/uk-engineering-company-administration-jobs-lost"><img src="https://www.newswireexplorer.com/uploads/2026/07/uk-engineering-company-plunges-into-administration-after-45-years-all-jobs-lost-1.jpg"/></a></p>
<p>The company collapsed earlier this month, and all staff have been made redundant.</p>
<p>The post <a href="https://www.newswireexplorer.com/uk-engineering-company-plunges-into-administration-after-45-years-all-jobs-lost/">UK engineering company plunges into administration after 45 years – all jobs lost</a> first appeared on <a href="https://www.newswireexplorer.com">NewsWire Explorer</a>.</p>]]></description>
										<content:encoded><![CDATA[<div><img decoding="async" src="https://www.newswireexplorer.com/uploads/2026/07/uk-engineering-company-plunges-into-administration-after-45-years-all-jobs-lost.jpg" class="ff-og-image-inserted"></div>
<div readability="29.969387755102">
<p>A UK engineering company has collapsed into <a data-link-tracking="InArticle|Link" href="https://www.express.co.uk/news/uk/2232093/uk-school-collapses-into-administration">administration</a> with all staff being made redundant. The <a data-link-tracking="InArticle|Link" href="https://www.express.co.uk/finance">firm</a> was founded 45 years but administrators have now been appointed following recent struggles.</p>
</div>
<div readability="41.125">
<p>Galino Limited, which was founded in Coatbridge in North Lanarkshire, <a data-link-tracking="InArticle|Link" href="https://www.express.co.uk/latest/scottish-independence">Scotland</a>, in 1981, entered administration on Tuesday, July 7. It has since appointed David McGinness and Judith Howson, of AAB Business &amp; Tax Advisory, as joint administrators. They have confirmed that all 12 staff members have lost their jobs with some set to help the administrators for a &#8220;short period of time&#8221;.</p>
</div>
<div readability="34.482993197279">
<p>As reported by <a data-link-tracking="InArticle|Link" href="https://www.heraldscotland.com/news/26401290.staff-redundant-historic-engineer-administration/" rel="nofollow">The Herald</a>, Mr McGinness said: &#8220;Upon appointment, the business ceased to trade and, unfortunately, all 12 staff were made redundant.</p>
</div>
<div readability="33">
<p>&#8220;A small number of former employees will be assisting the Joint Administrators in their duties for a short period of time.</p>
</div>
<div readability="33">
<p>&#8220;The joint administrators are engaged with the relevant agencies to co-ordinate supporting the employees through the difficult process.&#8221;</p>
</div>
<div readability="35">
<p>A spokesperson for AAB Business &amp; Tax Advisory added: &#8220;Creditors, employees, customers and other affected parties will be contacted directly with information relevant to them.&#8221;</p>
</div>
<div readability="38">
<p>Galino specialised in industrial fastening tools, custom fasteners, and machine screw products. Its main customers were companies across the construction, automotive, furniture and packaging industries.</p>
</div>
<div readability="39">
<p>In a description of itself, the business said: &#8220;Not only do we carry a vast range of fasteners, but the corresponding pneumatic and hand tools. With a limitless range of products and fastening supplies, Galino has been dedicated to providing its customers in and around the UK and Ireland with unmatched service, selection and advice.</p>
</div>
<div readability="41">
<p>&#8220;Our services extend to a diverse range of trades and industries, whether you work in: construction, furniture &amp; upholstery, doors &amp; windows, automotive, flooring, whisky packaging, pallet &amp; crate making printing &amp; tagging and many more.&#8221;</p>
</div><p>The post <a href="https://www.newswireexplorer.com/uk-engineering-company-plunges-into-administration-after-45-years-all-jobs-lost/">UK engineering company plunges into administration after 45 years – all jobs lost</a> first appeared on <a href="https://www.newswireexplorer.com">NewsWire Explorer</a>.</p>]]></content:encoded>
					
		
		
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		<title>UK school collapses into administration – opened in 1549</title>
		<link>https://www.newswireexplorer.com/uk-school-collapses-into-administration-opened-in-1549/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=uk-school-collapses-into-administration-opened-in-1549</link>
		
		<dc:creator><![CDATA[Harry J]]></dc:creator>
		<pubDate>Thu, 23 Jul 2026 11:10:29 +0000</pubDate>
				<category><![CDATA[World]]></category>
		<category><![CDATA[administration]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[international education acquisition]]></category>
		<category><![CDATA[Kirkham Grammar School]]></category>
		<category><![CDATA[Maharishi Mahesh Yogi Sanstha]]></category>
		<category><![CDATA[School]]></category>
		<category><![CDATA[School closures]]></category>
		<guid isPermaLink="false">https://www.newswireexplorer.com/uk-school-collapses-into-administration-opened-in-1549</guid>

					<description><![CDATA[<p><a href="https://www.express.co.uk/news/uk/2232093/uk-school-collapses-into-administration"><img src="https://www.newswireexplorer.com/uploads/2026/07/uk-school-collapses-into-administration-opened-in-1549.jpg"/></a></p>
<p>The historic independent school has been purchased by an international education provider to secure its future</p>
<p>The post <a href="https://www.newswireexplorer.com/uk-school-collapses-into-administration-opened-in-1549/">UK school collapses into administration – opened in 1549</a> first appeared on <a href="https://www.newswireexplorer.com">NewsWire Explorer</a>.</p>]]></description>
										<content:encoded><![CDATA[<div class="photo changeSpace">
<p class="withoutCaption"><picture><source type="image/avif" srcset="https://cdn.images.express.co.uk/img/dynamic/1/1200x712/secondary/7057542.avif?r=1784801031438" media="screen and (min-width:10000px)"><source type="image/jpeg" srcset="https://cdn.images.express.co.uk/img/dynamic/1/1200x712/secondary/7057542.jpg?r=1784801031438" media="screen and (min-width:10000px)"><source type="image/avif" srcset="https://cdn.images.express.co.uk/img/dynamic/1/674x400/secondary/7057542.avif?r=1784801031438" media="screen and (min-width:100000px)"><source type="image/jpeg" srcset="https://cdn.images.express.co.uk/img/dynamic/1/674x400/secondary/7057542.jpg?r=1784801031438" media="screen and (min-width:100000px)"><source type="image/avif" srcset="https://cdn.images.express.co.uk/img/dynamic/1/940x/secondary/7057542.avif?r=1784801031438" media="screen and (min-width:1200px)"><source type="image/jpeg" srcset="https://cdn.images.express.co.uk/img/dynamic/1/940x/secondary/7057542.jpg?r=1784801031438" media="screen and (min-width:1200px)"><source type="image/avif" srcset="https://cdn.images.express.co.uk/img/dynamic/1/590x/secondary/7057542.avif?r=1784801031438" media="screen"><img decoding="async" src="https://www.newswireexplorer.com/uploads/2026/07/uk-school-collapses-into-administration-opened-in-1549.jpg" class="zoomEnabled" data-img="https://cdn.images.express.co.uk/img/dynamic/1/1200x712/secondary/7057542.jpg?r=1784801031438" alt="An old school" title="An old school" width="590" height="399" loading="lazy"></picture></p>
<p><span class="newsCaption">The school was founded in 1549 <span class="caption">(Image: -)</span><span class="magnifier" data-img="https://cdn.images.express.co.uk/img/dynamic/1/1200x712/secondary/7057542.jpg?r=1784801031438"></span></span></div>
<div class="text-description" readability="34.980169971671">
<p>An historic <a data-link-tracking="InArticle|Link" href="https://www.express.co.uk/travel/uk/2158071/magical-village-award-winning-pub-minutes-away-from-roman-ruins">Lancashire</a> school has been acquired by an international education organisation just days after entering administration. 476-year-old Kirkham Grammar School entered administration on 17 July according to the Gazette, but has since been purchased in a deal which leaders say will secure the long-term future of the historic independent school.</p>
</div>
<div class="text-description" readability="37.894736842105">
<p>The school has been snapped up by Maharishi Mahesh Yogi Sanstha (MMYS), an educational group which operates schools in <a data-link-tracking="InArticle|Link" href="https://www.express.co.uk/latest/australia">Australia</a>, the <a data-link-tracking="InArticle|Link" href="https://www.express.co.uk/latest/united-states">United States</a> and <a data-link-tracking="InArticle|Link" href="https://www.express.co.uk/latest/india">India</a>, after the previous ownership structure became ‘unsustainable’. The £6,600-a term institution will now operate through Kirkham Grammar International School Limited, with senior leadership set to be kept in place ahead of the new academic year. Headteacher Kirsten O&#8217;Donoghue described the deal as &#8220;a very positive and exciting moment&#8221; for the school.</p>
</div>
<div class="text-description" readability="34">
<p>She said: “This is a very positive and exciting moment for Kirkham Grammar School. As both Head and a former pupil, I know how special this School is and how deeply it is valued.</p>
</div>
<div class="text-description" readability="37">
<p>“Kirkham Grammar School has a proud history and an outstanding reputation. This new chapter will protect everything that makes our school special while strengthening the pupil experience through long-term investment, pastoral care, wellbeing, whole child development and international opportunity.</p>
</div>
<div class="text-description" readability="35">
<p>“Myself and the Senior Leadership Team look forward to helping pupils achieve excellence while developing the respect, kindness, resilience and personal qualities they need to flourish.&#8221;</p>
</div>
<div class="text-description" readability="35">
<p>Senior leadership say that the move will allow for significant investment in the school’s infrastructure, with the company’s international presence allowing opportunities for international collaboration and cultural exchange.</p>
</div>
<div class="text-description" readability="30.545454545455">
<p>Chair of Governors Paul Ribchester said mounting <a data-link-tracking="InArticle|Link" href="https://www.express.co.uk/finance/personalfinance">financial</a> pressures had made the previous ownership model unsustainable.</p>
</div>
<div class="text-description" readability="33">
<p>He said: &#8220;A combination of factors had made continued operation under the previous ownership structure unsustainable.</p>
</div>
<div class="text-description" readability="36">
<p>&#8220;These included sustained inflationary pressures and rising operating costs, significant increases in employer National Insurance contributions, and the introduction of VAT on independent school fees.</p>
</div>
<div class="photo changeSpace">
<p class="withoutCaption"><picture><source type="image/avif" srcset="https://cdn.images.express.co.uk/img/dynamic/1/1200x712/secondary/running-to-play-7057551.avif?r=1784801031451" media="screen and (min-width:10000px)"><source type="image/jpeg" srcset="https://cdn.images.express.co.uk/img/dynamic/1/1200x712/secondary/running-to-play-7057551.jpg?r=1784801031451" media="screen and (min-width:10000px)"><source type="image/avif" srcset="https://cdn.images.express.co.uk/img/dynamic/1/674x400/secondary/running-to-play-7057551.avif?r=1784801031451" media="screen and (min-width:100000px)"><source type="image/jpeg" srcset="https://cdn.images.express.co.uk/img/dynamic/1/674x400/secondary/running-to-play-7057551.jpg?r=1784801031451" media="screen and (min-width:100000px)"><source type="image/avif" srcset="https://cdn.images.express.co.uk/img/dynamic/1/940x/secondary/running-to-play-7057551.avif?r=1784801031451" media="screen and (min-width:1200px)"><source type="image/jpeg" srcset="https://cdn.images.express.co.uk/img/dynamic/1/940x/secondary/running-to-play-7057551.jpg?r=1784801031451" media="screen and (min-width:1200px)"><source type="image/avif" srcset="https://cdn.images.express.co.uk/img/dynamic/1/590x/secondary/running-to-play-7057551.avif?r=1784801031451" media="screen"><img decoding="async" src="https://www.newswireexplorer.com/uploads/2026/07/uk-school-collapses-into-administration-opened-in-1549-1.jpg" class="zoomEnabled" data-img="https://cdn.images.express.co.uk/img/dynamic/1/1200x712/secondary/running-to-play-7057551.jpg?r=1784801031451" alt="Running To Play" title="Running To Play" width="590" height="393" loading="lazy"></picture></p>
<p><span class="newsCaption">The school teaches children aged two to 18 <span class="caption">(Image: Getty)</span><span class="magnifier" data-img="https://cdn.images.express.co.uk/img/dynamic/1/1200x712/secondary/running-to-play-7057551.jpg?r=1784801031451"></span></span></div>
<div class="text-description" readability="36">
<p>&#8220;In order to thrive, independent schools must evolve, and despite sector-wide challenges, the future of our school is bright.</p>
</div>
<div class="text-description" readability="33">
<p>&#8220;This acquisition is a positive outcome that preserves the educational purpose of Kirkham Grammar School.&#8221;</p>
</div>
<div class="text-description" readability="31.78527607362">
<p>MMYS says that it intends to honour the history and traditions of the centuries-old <a data-link-tracking="InArticle|Link" href="https://www.express.co.uk/latest/school">school</a> which was founded in 1549 but has roots dating back to the 13th century.</p>
</div>
<div class="text-description" readability="34">
<p>A spokesperson for MMYS said: “Kirkham Grammar School possesses an extraordinary heritage built over nearly five centuries. It is a privilege for MMYS to become the steward of such a remarkable institution.</p>
</div>
<div class="text-description" readability="39">
<p>“We are committed to preserving the School’s traditions while supporting its future growth, investing in its educational environment, nurturing every pupil and supporting its dedicated staff. We are equally delighted that the School’s experienced Senior Leadership Team will continue to lead the School, providing continuity and confidence for pupils, parents and staff.</p>
</div>
<div class="text-description" readability="38">
<p>“Together, we look forward to building upon Kirkham Grammar School’s remarkable legacy through educational excellence, innovation, global collaboration and values-based education, ensuring that every pupil is equipped to excel academically and contribute positively to society.”</p>
</div><p>The post <a href="https://www.newswireexplorer.com/uk-school-collapses-into-administration-opened-in-1549/">UK school collapses into administration – opened in 1549</a> first appeared on <a href="https://www.newswireexplorer.com">NewsWire Explorer</a>.</p>]]></content:encoded>
					
		
		
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		<title>UK Chinese food company collapses into administration – business started in 1984</title>
		<link>https://www.newswireexplorer.com/uk-chinese-food-company-collapses-into-administration-business-started-in-1984/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=uk-chinese-food-company-collapses-into-administration-business-started-in-1984</link>
		
		<dc:creator><![CDATA[Harry J]]></dc:creator>
		<pubDate>Thu, 09 Jul 2026 12:01:53 +0000</pubDate>
				<category><![CDATA[World]]></category>
		<category><![CDATA[administration]]></category>
		<category><![CDATA[Chinese Pancakes]]></category>
		<category><![CDATA[Food (section)]]></category>
		<category><![CDATA[Ming Foods Limited]]></category>
		<category><![CDATA[Swanley Kent]]></category>
		<category><![CDATA[UK (section)]]></category>
		<guid isPermaLink="false">https://www.newswireexplorer.com/uk-chinese-food-company-collapses-into-administration-business-started-in-1984</guid>

					<description><![CDATA[<p><a href="https://www.express.co.uk/news/uk/2225234/uk-chinese-food-company-administration"><img src="https://www.newswireexplorer.com/uploads/2026/07/uk-chinese-food-company-collapses-into-administration-business-started-in-1984-1.jpg"/></a></p>
<p>A Chinese food company that has provided service for over 40 years has plunged into administration.</p>
<p>The post <a href="https://www.newswireexplorer.com/uk-chinese-food-company-collapses-into-administration-business-started-in-1984/">UK Chinese food company collapses into administration – business started in 1984</a> first appeared on <a href="https://www.newswireexplorer.com">NewsWire Explorer</a>.</p>]]></description>
										<content:encoded><![CDATA[<div><img decoding="async" src="https://www.newswireexplorer.com/uploads/2026/07/uk-chinese-food-company-collapses-into-administration-business-started-in-1984.jpg" class="ff-og-image-inserted"></div>
<div readability="37">
<p>A family-founded company that&#8217;s supplied Chinese food to restaurants across the UK for decades has plunged into administration. Ming Foods Limited is the latest food business to unwantingly find itself on the government-run business notice site, The Gazette, as the pastry specialists from Kent runs out of steam.</p>
</div>
<div readability="37">
<p>The company operates off of Maidstone Road in Swanley, Kent, has been in business since 1984. Founders Mr and Mrs Minh started their business humbly from out of their kitchen, before progressing into a restaurant and then a manufacturing business.</p>
</div>
<div readability="35.9670781893">
<p>However, lately, the business has not been doing so well. According to <a data-link-tracking="InArticle|Link" href="https://companycheck.co.uk/company/05067343/MING-FOODS-LIMITED/companies-house-data" rel="nofollow">Company Check</a>, their total current liabilities has been steadily increasing since 2020, and both their net worth and cash have also been decreasing since this time as well.</p>
</div>
<div readability="38">
<p>The company Ming Foods Limited itself specialises in the production of Chinese Pancakes, which they describe on their website as being “premium.” As well as producing pancakes, they also use innovative ideas in order to improve the quality of their product, such as adapting a pasta roller into a piece of equipment that makes pancakes.</p>
</div>
<div readability="30.766129032258">
<p>On <a data-link-tracking="InArticle|Link" href="https://find-and-update.company-information.service.gov.uk/company/05067343" rel="nofollow">Companies House</a>, they have three outstanding charges, although their full accounts haven’t been made public since 2024.</p>
</div>
<div readability="35">
<p>The notice was formally handed to them on June 24, and the administration process will be overseen by Steven Wright, from The Dains Group in Scotland.</p>
</div>
<div readability="35">
<p>They have also had recent problems with management too. Just before the company entered administration, they had appointed a director for just six days, who was then terminated.</p>
</div>
<div readability="33.507246376812">
<p>They also distribute across the UK and the <a data-link-tracking="InArticle|Link" href="https://www.express.co.uk/latest/european-union">EU</a>, to oriental wholesalers who then provide the product to supermarket chains and restaurants.</p>
</div>
<div readability="33">
<p>They also produce spring roll wrappers, and double strength self raising flour.</p>
</div>
<div readability="34">
<p>It is unclear at this stage whether both trading has ceased or if jobs are at risk, but we have contacted both the company and the administrators for comment.</p>
</div><p>The post <a href="https://www.newswireexplorer.com/uk-chinese-food-company-collapses-into-administration-business-started-in-1984/">UK Chinese food company collapses into administration – business started in 1984</a> first appeared on <a href="https://www.newswireexplorer.com">NewsWire Explorer</a>.</p>]]></content:encoded>
					
		
		
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		<item>
		<title>Major UK retailer closes all stores after owing £59m &#8211; in business for 146 years</title>
		<link>https://www.newswireexplorer.com/major-uk-retailer-closes-all-stores-after-owing-59m-in-business-for-146-years/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=major-uk-retailer-closes-all-stores-after-owing-59m-in-business-for-146-years</link>
		
		<dc:creator><![CDATA[Harry J]]></dc:creator>
		<pubDate>Tue, 07 Jul 2026 18:00:52 +0000</pubDate>
				<category><![CDATA[World]]></category>
		<category><![CDATA[administration]]></category>
		<category><![CDATA[Bromley]]></category>
		<category><![CDATA[ctp_video]]></category>
		<category><![CDATA[Employment]]></category>
		<category><![CDATA[High Street]]></category>
		<category><![CDATA[Next]]></category>
		<category><![CDATA[Next acquisition]]></category>
		<category><![CDATA[Retail]]></category>
		<category><![CDATA[Russell]]></category>
		<category><![CDATA[store closures]]></category>
		<guid isPermaLink="false">https://www.newswireexplorer.com/major-uk-retailer-closes-all-stores-after-owing-59m-in-business-for-146-years</guid>

					<description><![CDATA[<p><a href="https://www.express.co.uk/news/uk/2225708/major-uk-retailer-closes-stores"><img src="https://www.newswireexplorer.com/uploads/2026/07/major-uk-retailer-closes-all-stores-after-owing-59m-in-business-for-146-years.jpg"/></a></p>
<p>A beloved British retailer has closed all its remaining stores after collapsing into more than £59 million in debt.</p>
<p>The post <a href="https://www.newswireexplorer.com/major-uk-retailer-closes-all-stores-after-owing-59m-in-business-for-146-years/">Major UK retailer closes all stores after owing £59m – in business for 146 years</a> first appeared on <a href="https://www.newswireexplorer.com">NewsWire Explorer</a>.</p>]]></description>
										<content:encoded><![CDATA[<div class="photo changeSpace">
<p class="withoutCaption"><picture><source type="image/avif" srcset="https://cdn.images.express.co.uk/img/dynamic/1/1200x712/secondary/closed-sign-7023563.avif?r=1783325990445" media="screen and (min-width:10000px)"><source type="image/jpeg" srcset="https://cdn.images.express.co.uk/img/dynamic/1/1200x712/secondary/closed-sign-7023563.jpg?r=1783325990445" media="screen and (min-width:10000px)"><source type="image/avif" srcset="https://cdn.images.express.co.uk/img/dynamic/1/674x400/secondary/closed-sign-7023563.avif?r=1783325990445" media="screen and (min-width:100000px)"><source type="image/jpeg" srcset="https://cdn.images.express.co.uk/img/dynamic/1/674x400/secondary/closed-sign-7023563.jpg?r=1783325990445" media="screen and (min-width:100000px)"><source type="image/avif" srcset="https://cdn.images.express.co.uk/img/dynamic/1/940x/secondary/closed-sign-7023563.avif?r=1783325990445" media="screen and (min-width:1200px)"><source type="image/jpeg" srcset="https://cdn.images.express.co.uk/img/dynamic/1/940x/secondary/closed-sign-7023563.jpg?r=1783325990445" media="screen and (min-width:1200px)"><source type="image/avif" srcset="https://cdn.images.express.co.uk/img/dynamic/1/590x/secondary/closed-sign-7023563.avif?r=1783325990445" media="screen"><img decoding="async" src="https://www.newswireexplorer.com/uploads/2026/07/major-uk-retailer-closes-all-stores-after-owing-59m-in-business-for-146-years.jpg" class="zoomEnabled" data-img="https://cdn.images.express.co.uk/img/dynamic/1/1200x712/secondary/closed-sign-7023563.jpg?r=1783325990445" alt="Closed sign" title="Closed sign" width="590" height="395" loading="lazy"></picture></p>
<p><span class="newsCaption">A major UK retailer has collapsed into administration <span class="caption">(Image: Getty)</span><span class="magnifier" data-img="https://cdn.images.express.co.uk/img/dynamic/1/1200x712/secondary/closed-sign-7023563.jpg?r=1783325990445"></span></span></div>
<div class="text-description" readability="29.601990049751">
<p>A <a data-link-tracking="InArticle|Link" title="High Street" href="https://www.express.co.uk/latest/high-street">major UK retailer</a> has closed all of its remaining stores after collapsing into <a data-link-tracking="InArticle|Link" title="700-year-old UK school, insurance company and 4 more in administration" href="https://www.express.co.uk/life-style/life/2224807/school-insurance-company-airline-administration">administration</a> with debts of more than £59 million, bringing an end to 146 years of trading on the British high street.</p>
</div>
<div class="text-description" readability="35.98125">
<p>Luxury footwear and handbag retailer <a data-link-tracking="InArticle|Link" title="Iconic High Street store returns weeks after closing 33 stores in rescue deal" href="https://www.express.co.uk/news/uk/2209746/iconic-high-street-store-returns-russell-bromley">Russell &amp; Bromley</a>, founded in 1880 by George Bromley and Elizabeth Russell, has now shut all branches that were not included in a rescue deal with fashion giant Next. The closures follow a phased wind-down of the business, leaving just three stores operating under the new ownership.</p>
</div>
<div class="photo changeSpace">
<p class="withoutCaption"><picture><source type="image/avif" srcset="https://cdn.images.express.co.uk/img/dynamic/1/1200x712/secondary/closing-down-sale-everything-must-go-posters-in-the-shop-windows-of-russell-bromley-shoe-7023569.avif?r=1783325990456" media="screen and (min-width:10000px)"><source type="image/jpeg" srcset="https://cdn.images.express.co.uk/img/dynamic/1/1200x712/secondary/closing-down-sale-everything-must-go-posters-in-the-shop-windows-of-russell-bromley-shoe-7023569.jpg?r=1783325990456" media="screen and (min-width:10000px)"><source type="image/avif" srcset="https://cdn.images.express.co.uk/img/dynamic/1/674x400/secondary/closing-down-sale-everything-must-go-posters-in-the-shop-windows-of-russell-bromley-shoe-7023569.avif?r=1783325990456" media="screen and (min-width:100000px)"><source type="image/jpeg" srcset="https://cdn.images.express.co.uk/img/dynamic/1/674x400/secondary/closing-down-sale-everything-must-go-posters-in-the-shop-windows-of-russell-bromley-shoe-7023569.jpg?r=1783325990456" media="screen and (min-width:100000px)"><source type="image/avif" srcset="https://cdn.images.express.co.uk/img/dynamic/1/940x/secondary/closing-down-sale-everything-must-go-posters-in-the-shop-windows-of-russell-bromley-shoe-7023569.avif?r=1783325990456" media="screen and (min-width:1200px)"><source type="image/jpeg" srcset="https://cdn.images.express.co.uk/img/dynamic/1/940x/secondary/closing-down-sale-everything-must-go-posters-in-the-shop-windows-of-russell-bromley-shoe-7023569.jpg?r=1783325990456" media="screen and (min-width:1200px)"><source type="image/avif" srcset="https://cdn.images.express.co.uk/img/dynamic/1/590x/secondary/closing-down-sale-everything-must-go-posters-in-the-shop-windows-of-russell-bromley-shoe-7023569.avif?r=1783325990456" media="screen"><img decoding="async" src="https://www.newswireexplorer.com/uploads/2026/07/major-uk-retailer-closes-all-stores-after-owing-59m-in-business-for-146-years-1.jpg" class="zoomEnabled" data-img="https://cdn.images.express.co.uk/img/dynamic/1/1200x712/secondary/closing-down-sale-everything-must-go-posters-in-the-shop-windows-of-russell-bromley-shoe-7023569.jpg?r=1783325990456" alt="Closing Down Sale In London" title="Closing Down Sale In London" width="590" height="393" loading="lazy"></picture></p>
<p><span class="newsCaption">Russell &amp; Bromley closed all remaining stores <span class="caption">(Image: Getty)</span><span class="magnifier" data-img="https://cdn.images.express.co.uk/img/dynamic/1/1200x712/secondary/closing-down-sale-everything-must-go-posters-in-the-shop-windows-of-russell-bromley-shoe-7023569.jpg?r=1783325990456"></span></span></div>
<div class="text-description" readability="35">
<p>Administrators from Interpath Advisory confirmed that the remaining 33 stores have now closed their doors permanently, resulting in around 400 redundancies. The majority of the retailer&#8217;s workforce employed at the non-transferring stores has now lost their jobs.</p>
</div>
<div class="text-description" readability="35">
<p>A spokesperson for the joint administrators said: &#8220;Following the announcement regarding the sale of the Russell &amp; Bromley brand and certain assets to Next plc, the joint administrators can confirm that a phased closure programme for the remaining Russell &amp; Bromley stores is now complete.</p>
</div>
<div class="text-description" readability="35">
<p>&#8220;All stores that did not transfer to Next as part of that transaction closed. Regrettably, these closures mean that the majority of employees working in the non-transferring stores have been made redundant.</p>
</div>
<div class="text-description" readability="35">
<p>&#8220;The administrators and their teams are engaging closely with all affected staff and will be providing support throughout the process, including assisting individuals in submitting claims to the Redundancy Payments Service.&#8221;</p>
</div>
<div class="text-description" readability="33">
<p>The family-owned retailer entered administration earlier this year after years of mounting financial pressure.</p>
</div>
<div class="text-description" readability="38">
<p>Next acquired the Russell &amp; Bromley brand, selected assets and three stores located in Chelsea, Mayfair and Bluewater shopping centre in Kent through a pre-pack administration deal. However, the remaining 33 stores and nine concessions were not included in the transaction and have now permanently closed.</p>
</div>
<div class="text-description" readability="33">
<p>Court documents show the company owed approximately £59.3 million when administrators Will Wright and Chris Pole of Interpath Advisory were appointed.</p>
</div>
<div class="text-description" readability="34">
<p>The business is understood to have accumulated losses of around £20 million over the past two years as falling sales, rising operating costs and weak consumer demand took their toll.</p>
</div>
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<div class="text-description" readability="35">
<p>Administrators said the company had historically relied on existing cash reserves to fund operations, but in recent years was forced to sell a number of freehold properties to support its loss-making business.</p>
</div>
<div class="text-description" readability="36">
<p>They said: &#8220;The group was relatively highly loss-making, with these losses due to a combination of falling sales, increasing operational costs, and a relatively high fixed cost base.</p>
</div>
<div class="text-description" readability="34">
<p>&#8220;Further to this, the wider UK market has been difficult for retail businesses with challenging trading conditions characterised by high inflation and suppressed consumer demand.&#8221;</p>
</div>
<div class="text-description" readability="35">
<p>The retailer&#8217;s statement of affairs, released three months after the collapse, estimated a total deficiency of £35.7 million.</p>
</div>
<div class="text-description" readability="35">
<p>Administrators also revealed that around £2.1 million had been drawn under the company&#8217;s trade finance facility before NatWest exercised its right of set-off immediately after the administration began, using cash held by the business to clear the outstanding balance.</p>
</div>
<div class="text-description" readability="36.565982404692">
<p>Russell &amp; Bromley also owed HM Revenue &amp; Customs around £3.2 million. Administrators said <span><a data-link-tracking="InArticle|Link" href="https://www.express.co.uk/latest/hmrc" target="_blank">HMRC</a> may receive distributions from other group insolvencies related</span> to the same VAT claim, while unsecured creditors may eventually receive a dividend once assets have been realised and costs paid, although the final amount has yet to be determined.</p>
</div>
<div class="text-description" readability="39">
<p>Known for its premium leather footwear and handbags, Russell &amp; Bromley became a favourite among high-profile figures, including the Princess of Wales, Katie Holmes and Billie Piper. Despite its long-standing reputation for quality and craftsmanship, the retailer struggled to recover following the pandemic and had remained unprofitable since 2019.</p>
</div><p>The post <a href="https://www.newswireexplorer.com/major-uk-retailer-closes-all-stores-after-owing-59m-in-business-for-146-years/">Major UK retailer closes all stores after owing £59m – in business for 146 years</a> first appeared on <a href="https://www.newswireexplorer.com">NewsWire Explorer</a>.</p>]]></content:encoded>
					
		
		
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		<title>UK theme park ride manufacturer collapses into administration – in business since 2000</title>
		<link>https://www.newswireexplorer.com/uk-theme-park-ride-manufacturer-collapses-into-administration-in-business-since-2000/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=uk-theme-park-ride-manufacturer-collapses-into-administration-in-business-since-2000</link>
		
		<dc:creator><![CDATA[Harry J]]></dc:creator>
		<pubDate>Mon, 29 Jun 2026 22:00:32 +0000</pubDate>
				<category><![CDATA[World]]></category>
		<category><![CDATA[administration]]></category>
		<category><![CDATA[Entertainment (section)]]></category>
		<category><![CDATA[Films (section)]]></category>
		<category><![CDATA[KUKA partnership]]></category>
		<category><![CDATA[RoboCoaster Ltd]]></category>
		<category><![CDATA[theme park rides]]></category>
		<guid isPermaLink="false">https://www.newswireexplorer.com/uk-theme-park-ride-manufacturer-collapses-into-administration-in-business-since-2000</guid>

					<description><![CDATA[<p><a href="https://www.express.co.uk/news/uk/2220560/uk-theme-park-ride-manufacturer-administration"><img src="https://www.newswireexplorer.com/uploads/2026/06/uk-theme-park-ride-manufacturer-collapses-into-administration-in-business-since-2000-1.jpg"/></a></p>
<p>The Warwickshire firm previously saw its famous robotic arms integrated into mega films such as The Da Vinci Code</p>
<p>The post <a href="https://www.newswireexplorer.com/uk-theme-park-ride-manufacturer-collapses-into-administration-in-business-since-2000/">UK theme park ride manufacturer collapses into administration – in business since 2000</a> first appeared on <a href="https://www.newswireexplorer.com">NewsWire Explorer</a>.</p>]]></description>
										<content:encoded><![CDATA[<div><img decoding="async" src="https://www.newswireexplorer.com/uploads/2026/06/uk-theme-park-ride-manufacturer-collapses-into-administration-in-business-since-2000.jpg" class="ff-og-image-inserted"></div>
<div readability="34.39175257732">
<p>A <a data-link-tracking="InArticle|Link" href="https://www.express.co.uk/news/uk/2219481/uk-theme-park-worlds-most-disappointing-attraction">UK theme park</a> ride manufacturer has tumbled into administration after being in business for 26 years. The Warwickshire based-design firm previously saw its famous robotic arms integrated into films such as Die Another Day, The Da Vinci Code, and Lara Croft Tomb Raider: The Cradle of Life.</p>
</div>
<div readability="36">
<p>RoboCoaster Ltd manufactured metal structures and parts of structures and was founded with the aim of combining robotic technology with the entertainment and leisure industry. As of 2012, over 200 solo RoboCoasters have been installed, along with some travelling models.</p>
</div>
<div readability="37.675471698113">
<p>Some of its rides can be found at mega parks such as Universal Studios <a href="https://www.express.co.uk/latest/hollywood" data-link-tracking="InArticle|AutoLink">Hollywood</a> and Japan, Legoland California, Deutschland, and Billund. Plus, Warner Bros. World Abu Dhabi. Meanwhile in the UK, its rides can be found in the Grand Pier and Xscape Braehead Renfrew.</p>
</div>
<div readability="39.25">
<p>Arguably, it earned its name through partnerships with KUKA and Dynamic Attractions. This is because, through its collaboration with KUKA, its distinctive robotic arms were famously integrated into several <a data-link-tracking="InArticle|Link" href="https://www.express.co.uk/latest/hollywood">Hollywood</a> hits. This partnership also birthed the first Robocoaster G1 concept, which featured pairs of passengers secured to a fixed KUKA arm. Starting in 2014, the firm began providing four-person G2 series vehicles as stationary attractions for smaller leisure complexes.</p>
</div>
<div readability="36.885085574572">
<p>The RoboCoaster G2 system then arrived in 2004 through a partnership with AMEC Dynamic Structures, known today as Dynamic Attractions, which featured KUKA <a data-link-tracking="InArticle|Link" href="https://www.express.co.uk/news/uk/2148588/robot-surgery-NHS-operation-millions">robotic arms</a> fitted to tracks. As the follow-up to the first design, it involved four-seater KUKA robotic arms moving across a two-dimensional track inside a show building. The complex track arrangement for the ride was also built by Dynamic Attractions.</p>
</div>
<div readability="36">
<p>Media attraction specialist Simworx then received a £4.5million cash injection from The British Growth Fund back in 2015. The significant investment enabled the firm to purchase RoboCoaster and increase its working capital, while simultaneously facilitating a buyout of its former private equity backers.</p>
</div>
<div readability="37.375">
<p>However, Mark Malone and Gareth Prince, both of BTG Begbies Traynor have been appointed joint administrators as of June 22, 2026, as stated in <a data-link-tracking="InArticle|Link" href="https://www.express.co.uk/news/uk/2219899/uk-travel-company-ordered-liquidate-7-years">The Gazette</a>. Any person who requires further information may contact William Davies of Begbies Traynor, the website adds.</p>
</div><p>The post <a href="https://www.newswireexplorer.com/uk-theme-park-ride-manufacturer-collapses-into-administration-in-business-since-2000/">UK theme park ride manufacturer collapses into administration – in business since 2000</a> first appeared on <a href="https://www.newswireexplorer.com">NewsWire Explorer</a>.</p>]]></content:encoded>
					
		
		
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		<title>UK food transport company plunges into administration after 3 years – &#8216;best in class&#8217;</title>
		<link>https://www.newswireexplorer.com/uk-food-transport-company-plunges-into-administration-after-3-years-best-in-class/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=uk-food-transport-company-plunges-into-administration-after-3-years-best-in-class</link>
		
		<dc:creator><![CDATA[Harry J]]></dc:creator>
		<pubDate>Wed, 24 Jun 2026 16:30:35 +0000</pubDate>
				<category><![CDATA[World]]></category>
		<category><![CDATA[administration]]></category>
		<category><![CDATA[BMB Logistics]]></category>
		<category><![CDATA[England]]></category>
		<category><![CDATA[Food (section)]]></category>
		<category><![CDATA[Furniture]]></category>
		<category><![CDATA[overdue accounts]]></category>
		<category><![CDATA[UK food transport]]></category>
		<guid isPermaLink="false">https://www.newswireexplorer.com/uk-food-transport-company-plunges-into-administration-after-3-years-best-in-class</guid>

					<description><![CDATA[<p><a href="https://www.express.co.uk/news/uk/2221050/uk-food-transport-company-plunges"><img src="https://www.newswireexplorer.com/uploads/2026/06/uk-food-transport-company-plunges-into-administration-after-3-years-best-in-class-1.jpg"/></a></p>
<p>Although the proud local sponsorship felt comforting, one harsh warning and a silent financial wobble hinted at something darker</p>
<p>The post <a href="https://www.newswireexplorer.com/uk-food-transport-company-plunges-into-administration-after-3-years-best-in-class/">UK food transport company plunges into administration after 3 years – ‘best in class’</a> first appeared on <a href="https://www.newswireexplorer.com">NewsWire Explorer</a>.</p>]]></description>
										<content:encoded><![CDATA[<div><img decoding="async" src="https://www.newswireexplorer.com/uploads/2026/06/uk-food-transport-company-plunges-into-administration-after-3-years-best-in-class.jpg" class="ff-og-image-inserted"></div>
<div readability="32.616541353383">
<p>A <a data-link-tracking="InArticle|Link" href="https://www.express.co.uk/latest/deliveroo">UK food transport company</a> has plunged into administration after just three years in business. During its short life, it referred to itself on social media as the “best in class tracking and routing software&#8221;. Also, a “leading food distributor across the UK.”</p>
</div>
<div readability="39">
<p>Based in Tonbridge, Kent, the company took pride in its facilities designed exclusively for “temperature-sensitive goods,” its website states. It also claimed to be committed to “providing a cost-effective, highly efficient service” that allowed them to meet their customer’s individual needs.</p>
</div>
<div readability="37.009280742459">
<p>BMB Logistics <a data-link-tracking="InArticle|Link" href="https://www.express.co.uk/news/uk/2220564/stag-hen-do-company-administration">entered administration</a> on June 12, 2026. Steve Kenny and Richard Cole of KBL Advisory were appointed as joint administrators. While no reason for the administration has yet been disclosed by the appointed administrators, Companies House records show BMB Logistics had overdue accounts at the time of its administration. The company, which was incorporated in January 2022, had not filed accounts due by 30 April 2026.</p>
</div>
<div readability="41.152466367713">
<p>The company still has a colourful <a href="https://www.express.co.uk/latest/instagram" data-link-tracking="InArticle|AutoLink">Instagram</a> and claims to be a proud sponsor of the Larkfield Under 7s. Their account, which was created in 2022, has 59 posts and 157 followers. However, according to Google, BMB Logistics has just one review. The one-star review reads: “Got threatened by someone in here for parking, rather than helping me and telling me where I could park, just got told ‘I don&#8217;t care, move your car or I&#8217;ll clamp it.’”</p>
</div>
<div readability="32.625">
<p>It comes after a <a data-link-tracking="InArticle|Link" href="https://www.express.co.uk/news/uk/2220802/uk-furniture-retailer-administration">UK furniture retailer</a> plunged into administration after facing tough trading conditions over the years. Airsprung, which makes mattresses and beds for major retailers, has been in the business for 150 years.</p>
</div>
<div readability="41">
<p>Based in Canal Road, Trowbridge, Wiltshire, the company has faced mounting cashflow pressures in the past few months. In an effort to address these issues, Airsprung explored potential investment opportunities and possible offers for the business. However, due to the company’s financial position and the nature and level of interest received, the directors ultimately had no option but to place the company into administration.</p>
</div>
<div readability="36">
<p>Of its 202 employees, 71 were made redundant upon appointment, while those remaining were retained to assist with the business&#8217;s ongoing operations. The company has also produced beds for hotels and filling for sports stadium seating under brands Gainsborough and Airofreem.</p>
</div>
<div readability="30.965034965035">
<p>On May 1, Edward Williams and Ross Connock, of PwC, were appointed <a data-link-tracking="InArticle|Link" href="https://www.express.co.uk/news/uk/2221007/major-update-uk-theme-park-administration">joint administrators</a> of Airsprung Group PLC and Airsprung Furniture Limited.</p>
</div>
<div readability="36">
<p>Mr Williams said: &#8220;It’s very sad that this well-known business with 150 years of history and iconic brands within the mattress and bed industry has had to go into administration. We know that this is an unsettling time for everyone impacted, and we will support employees through the redundancy process.&#8221;</p>
</div><p>The post <a href="https://www.newswireexplorer.com/uk-food-transport-company-plunges-into-administration-after-3-years-best-in-class/">UK food transport company plunges into administration after 3 years – ‘best in class’</a> first appeared on <a href="https://www.newswireexplorer.com">NewsWire Explorer</a>.</p>]]></content:encoded>
					
		
		
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		<item>
		<title>Major UK 140-year-old building supplier crashes into administration – 4 high street stores</title>
		<link>https://www.newswireexplorer.com/major-uk-140-year-old-building-supplier-crashes-into-administration-4-high-street-stores/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=major-uk-140-year-old-building-supplier-crashes-into-administration-4-high-street-stores</link>
		
		<dc:creator><![CDATA[Harry J]]></dc:creator>
		<pubDate>Tue, 16 Jun 2026 13:20:57 +0000</pubDate>
				<category><![CDATA[World]]></category>
		<category><![CDATA[administration]]></category>
		<category><![CDATA[administration collapse]]></category>
		<category><![CDATA[family business]]></category>
		<category><![CDATA[fayers administration]]></category>
		<category><![CDATA[Fayers Plumbing and Building Supplies]]></category>
		<category><![CDATA[fayers trade counters]]></category>
		<category><![CDATA[financial pressure]]></category>
		<category><![CDATA[High Street]]></category>
		<category><![CDATA[london]]></category>
		<category><![CDATA[plumbing company]]></category>
		<category><![CDATA[plumbing supplier]]></category>
		<category><![CDATA[UK high street stores]]></category>
		<guid isPermaLink="false">https://www.newswireexplorer.com/major-uk-140-year-old-building-supplier-crashes-into-administration-4-high-street-stores</guid>

					<description><![CDATA[<p><a href="https://www.express.co.uk/news/uk/2217916/major-uk-building-supplier-administration"><img src="https://www.newswireexplorer.com/uploads/2026/06/major-uk-140-year-old-building-supplier-crashes-into-administration-4-high-street-stores-1.jpg"/></a></p>
<p>Recent records show that the company's sales and profit margin had fallen.</p>
<p>The post <a href="https://www.newswireexplorer.com/major-uk-140-year-old-building-supplier-crashes-into-administration-4-high-street-stores/">Major UK 140-year-old building supplier crashes into administration – 4 high street stores</a> first appeared on <a href="https://www.newswireexplorer.com">NewsWire Explorer</a>.</p>]]></description>
										<content:encoded><![CDATA[<div><img decoding="async" src="https://www.newswireexplorer.com/uploads/2026/06/major-uk-140-year-old-building-supplier-crashes-into-administration-4-high-street-stores.jpg" class="ff-og-image-inserted"></div>
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<p>A UK <a data-link-tracking="InArticle|Link" title="Major UK plumbing firm plunges into liquidation – in business since 1991" href="https://www.express.co.uk/news/uk/2215034/major-uk-plumbing-firm-plunges-liquidation" target="_blank">plumbing company</a> has collapsed into administration, according to a notice in The Gazette. The notice states that Fayers Plumbing and Building Supplies, which has been operating since 1884, has fallen into administration, with Sarah Cook and Andy John of FRP Advisory Trading Limited appointed as administrators on June 8, 2026.</p>
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<p>The <a data-link-tracking="InArticle|Link" title="UK family-run fruit farm plunges into administration – in business 50 years" href="https://www.express.co.uk/news/uk/2216657/uk-family-run-fruit-farm-plunges" target="_blank">family business</a> offers a wide range of services and stock of plumbing, <a data-link-tracking="InArticle|Link" title="Heating" href="https://www.express.co.uk/latest/heating" target="_blank">heating</a>, sanitaryware and building products, and currently has four trade counters located in Enfield, Barnet, Burkhurst Hill and King&#8217;s Cross. The reason for its collapse has not been confirmed. However, it comes at a time where business across the nation are facing immense financial pressure.</p>
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<p>At the moment, the company’s website is still up and running, where customers can open a trade account or request a quote for any of its services.</p>
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<p>According to its most recent accounts on Companies House, the company saw a year-on-year increase in total sales in 2024. However, its gross profit margin fell, “demonstrating tougher trading conditions and competition”.</p>
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<div readability="34">
<p>It added that Fayers Plumbing and Building Supplies’ trade counters saw a 11.4% decline in sales and a 21.9% reduction in gross profit, while showroom sales increased by 2.2%.</p>
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<p>The company’s showrooms are located at its Just Add Water (JAW) stores in New Barnet and Buckhurst Hill.</p>
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<p>According to the website, Just Add Water has been part of the Fayers Group since 1991, focusing on “design-led bathrooms”.</p>
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<p>It added: “The Just Add Water team has the ability to provide advice and design services from the individual bathroom in your home to major developments such as hotels and large residential developments.”</p>
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<p>The independent company has four-star ratings across all its trade counters, except its Enfield one, with customers praising the company for its “excellent service” and “high quality products”.</p>
</div>
<div readability="32">
<p>The Express has contacted Fayers Plumbing and Building Supplies for comment.</p>
</div><p>The post <a href="https://www.newswireexplorer.com/major-uk-140-year-old-building-supplier-crashes-into-administration-4-high-street-stores/">Major UK 140-year-old building supplier crashes into administration – 4 high street stores</a> first appeared on <a href="https://www.newswireexplorer.com">NewsWire Explorer</a>.</p>]]></content:encoded>
					
		
		
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		<title>UK holiday park group crashes into administration &#8211; 158 jobs created to save business</title>
		<link>https://www.newswireexplorer.com/uk-holiday-park-group-crashes-into-administration-158-jobs-created-to-save-business/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=uk-holiday-park-group-crashes-into-administration-158-jobs-created-to-save-business</link>
		
		<dc:creator><![CDATA[Harry J]]></dc:creator>
		<pubDate>Sat, 13 Jun 2026 22:30:23 +0000</pubDate>
				<category><![CDATA[World]]></category>
		<category><![CDATA[administration]]></category>
		<category><![CDATA[Argyll Holidays]]></category>
		<category><![CDATA[Camping holidays]]></category>
		<category><![CDATA[Cove Communities]]></category>
		<category><![CDATA[Employment]]></category>
		<category><![CDATA[holiday parks]]></category>
		<category><![CDATA[Scottish holiday parks]]></category>
		<guid isPermaLink="false">https://www.newswireexplorer.com/uk-holiday-park-group-crashes-into-administration-158-jobs-created-to-save-business</guid>

					<description><![CDATA[<p><a href="https://www.express.co.uk/news/uk/2217041/uk-holiday-park-group-administration"><img src="https://www.newswireexplorer.com/uploads/2026/06/uk-holiday-park-group-crashes-into-administration-158-jobs-created-to-save-business.jpg"/></a></p>
<p>A major holiday park operator has revealed the next step in its future after collapsing with debts of more than £100 million.</p>
<p>The post <a href="https://www.newswireexplorer.com/uk-holiday-park-group-crashes-into-administration-158-jobs-created-to-save-business/">UK holiday park group crashes into administration – 158 jobs created to save business</a> first appeared on <a href="https://www.newswireexplorer.com">NewsWire Explorer</a>.</p>]]></description>
										<content:encoded><![CDATA[<div class="photo changeSpace">
<p class="withoutCaption"><picture><source type="image/avif" srcset="https://cdn.images.express.co.uk/img/dynamic/1/1200x712/secondary/caravan-camping-park-site-at-invercoe-in-the-highlands-scotland-6979173.avif?r=1781373120803" media="screen and (min-width:10000px)"><source type="image/webp" srcset="https://cdn.images.express.co.uk/img/dynamic/1/1200x712/secondary/caravan-camping-park-site-at-invercoe-in-the-highlands-scotland-6979173.webp?r=1781373120803" media="screen and (min-width:10000px)"><source type="image/jpeg" srcset="https://cdn.images.express.co.uk/img/dynamic/1/1200x712/secondary/caravan-camping-park-site-at-invercoe-in-the-highlands-scotland-6979173.jpg?r=1781373120803" media="screen and (min-width:10000px)"><source type="image/avif" srcset="https://cdn.images.express.co.uk/img/dynamic/1/674x400/secondary/caravan-camping-park-site-at-invercoe-in-the-highlands-scotland-6979173.avif?r=1781373120803" media="screen and (min-width:100000px)"><source type="image/webp" srcset="https://cdn.images.express.co.uk/img/dynamic/1/674x400/secondary/caravan-camping-park-site-at-invercoe-in-the-highlands-scotland-6979173.webp?r=1781373120803" media="screen and (min-width:100000px)"><source type="image/jpeg" srcset="https://cdn.images.express.co.uk/img/dynamic/1/674x400/secondary/caravan-camping-park-site-at-invercoe-in-the-highlands-scotland-6979173.jpg?r=1781373120803" media="screen and (min-width:100000px)"><source type="image/avif" srcset="https://cdn.images.express.co.uk/img/dynamic/1/940x/secondary/caravan-camping-park-site-at-invercoe-in-the-highlands-scotland-6979173.avif?r=1781373120803" media="screen and (min-width:1200px)"><source type="image/webp" srcset="https://cdn.images.express.co.uk/img/dynamic/1/940x/secondary/caravan-camping-park-site-at-invercoe-in-the-highlands-scotland-6979173.webp?r=1781373120803" media="screen and (min-width:1200px)"><source type="image/jpeg" srcset="https://cdn.images.express.co.uk/img/dynamic/1/940x/secondary/caravan-camping-park-site-at-invercoe-in-the-highlands-scotland-6979173.jpg?r=1781373120803" media="screen and (min-width:1200px)"><source type="image/avif" srcset="https://cdn.images.express.co.uk/img/dynamic/1/590x/secondary/caravan-camping-park-site-at-invercoe-in-the-highlands-scotland-6979173.avif?r=1781373120803" media="screen"><source type="image/webp" srcset="https://cdn.images.express.co.uk/img/dynamic/1/590x/secondary/caravan-camping-park-site-at-invercoe-in-the-highlands-scotland-6979173.webp?r=1781373120803" media="screen"><img decoding="async" src="https://www.newswireexplorer.com/uploads/2026/06/uk-holiday-park-group-crashes-into-administration-158-jobs-created-to-save-business.jpg" class="zoomEnabled" data-img="https://cdn.images.express.co.uk/img/dynamic/1/1200x712/secondary/caravan-camping-park-site-at-invercoe-in-the-highlands-scotland-6979173.jpg?r=1781373120803" alt="Caravan camping park site at Invercoe in the Highlands Scotland" title="Caravan camping park site at Invercoe in the Highlands Scotland" width="590" height="393" loading="lazy"></picture></p>
<p><span class="newsCaption">Argyll Holidays&#8217; parks remain open despite the company entering administration. <span class="caption">(Image: Getty)</span><span class="magnifier" data-img="https://cdn.images.express.co.uk/img/dynamic/1/1200x712/secondary/caravan-camping-park-site-at-invercoe-in-the-highlands-scotland-6979173.jpg?r=1781373120803"></span></span></div>
<div class="text-description" readability="28.015625">
<p>A holiday park operator that <a data-link-tracking="InArticle|Link" title="UK private school saved after plunging into administration - students pay £22k" href="https://www.express.co.uk/news/uk/2196426/uk-private-school-adminstration-kings-oxford">collapsed into administration</a> owing more than £100 million has increased staffing levels by 158 workers as it continues efforts to secure the future of its parks.</p>
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<div class="text-description" readability="36.653164556962">
<p>New documents reveal that administrators overseeing Argyll Holidays have expanded the workforce at the company&#8217;s <a data-link-tracking="InArticle|Link" title="How to watch every World Cup game tonight with Scotland, Brazil, Morocco playing" href="https://www.express.co.uk/sport/football/2216963/World-Cup-TV-channel-live-stream-Scotland-Haiti-Brazil-Morocco">Scottish sites</a> from 97 to 255 employees to keep operations running while a buyer is sought. The business, operated by Cove Communities Venture 2 Argyle OpCo Limited, entered administration in November after struggling with mounting debts, rising costs and weakening consumer demand.</p>
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<p class="withoutCaption"><picture><source type="image/avif" srcset="https://cdn.images.express.co.uk/img/dynamic/1/1200x712/secondary/aerial-river-leven-in-balloch-scotland-shore-loch-lomond-with-marina-6979194.avif?r=1781373120813" media="screen and (min-width:10000px)"><source type="image/webp" srcset="https://cdn.images.express.co.uk/img/dynamic/1/1200x712/secondary/aerial-river-leven-in-balloch-scotland-shore-loch-lomond-with-marina-6979194.webp?r=1781373120813" media="screen and (min-width:10000px)"><source type="image/jpeg" srcset="https://cdn.images.express.co.uk/img/dynamic/1/1200x712/secondary/aerial-river-leven-in-balloch-scotland-shore-loch-lomond-with-marina-6979194.jpg?r=1781373120813" media="screen and (min-width:10000px)"><source type="image/avif" srcset="https://cdn.images.express.co.uk/img/dynamic/1/674x400/secondary/aerial-river-leven-in-balloch-scotland-shore-loch-lomond-with-marina-6979194.avif?r=1781373120813" media="screen and (min-width:100000px)"><source type="image/webp" srcset="https://cdn.images.express.co.uk/img/dynamic/1/674x400/secondary/aerial-river-leven-in-balloch-scotland-shore-loch-lomond-with-marina-6979194.webp?r=1781373120813" media="screen and (min-width:100000px)"><source type="image/jpeg" srcset="https://cdn.images.express.co.uk/img/dynamic/1/674x400/secondary/aerial-river-leven-in-balloch-scotland-shore-loch-lomond-with-marina-6979194.jpg?r=1781373120813" media="screen and (min-width:100000px)"><source type="image/avif" srcset="https://cdn.images.express.co.uk/img/dynamic/1/940x/secondary/aerial-river-leven-in-balloch-scotland-shore-loch-lomond-with-marina-6979194.avif?r=1781373120813" media="screen and (min-width:1200px)"><source type="image/webp" srcset="https://cdn.images.express.co.uk/img/dynamic/1/940x/secondary/aerial-river-leven-in-balloch-scotland-shore-loch-lomond-with-marina-6979194.webp?r=1781373120813" media="screen and (min-width:1200px)"><source type="image/jpeg" srcset="https://cdn.images.express.co.uk/img/dynamic/1/940x/secondary/aerial-river-leven-in-balloch-scotland-shore-loch-lomond-with-marina-6979194.jpg?r=1781373120813" media="screen and (min-width:1200px)"><source type="image/avif" srcset="https://cdn.images.express.co.uk/img/dynamic/1/590x/secondary/aerial-river-leven-in-balloch-scotland-shore-loch-lomond-with-marina-6979194.avif?r=1781373120813" media="screen"><source type="image/webp" srcset="https://cdn.images.express.co.uk/img/dynamic/1/590x/secondary/aerial-river-leven-in-balloch-scotland-shore-loch-lomond-with-marina-6979194.webp?r=1781373120813" media="screen"><img decoding="async" src="https://www.newswireexplorer.com/uploads/2026/06/uk-holiday-park-group-crashes-into-administration-158-jobs-created-to-save-business-1.jpg" class="zoomEnabled" data-img="https://cdn.images.express.co.uk/img/dynamic/1/1200x712/secondary/aerial-river-leven-in-balloch-scotland-shore-loch-lomond-with-marina-6979194.jpg?r=1781373120813" alt="Aerial river Leven in Balloch Scotland shore Loch Lomond with marina" title="Aerial river Leven in Balloch Scotland shore Loch Lomond with marina" width="590" height="443" loading="lazy"></picture></p>
<p><span class="newsCaption">Drimsynie Estate Holiday Village is among the sites continuing to trade. <span class="caption">(Image: Getty)</span><span class="magnifier" data-img="https://cdn.images.express.co.uk/img/dynamic/1/1200x712/secondary/aerial-river-leven-in-balloch-scotland-shore-loch-lomond-with-marina-6979194.jpg?r=1781373120813"></span></span></div>
<div class="text-description" readability="35">
<p>Despite the financial collapse, the group&#8217;s eight holiday parks in Scotland remain open, and administrators have confirmed plans to launch a sale process in the coming months.</p>
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<p>Among the parks continuing to operate are the flagship Drimsynie Estate Holiday Village, Hunters Quay Holiday Village in Dunoon, Loch Awe Holiday Park and Loch Eck Caravan Park.</p>
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<div class="text-description" readability="34">
<p>Joint administrators Adam Paxton, Rob Croxen and Ben Cairns of Alvarez &amp; Marsal said the increase in staffing was necessary to support ongoing trading while the business remains in administration.</p>
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<p>&#8220;There were 97 employees at the date of appointment, and this was increased to 255 employees to ensure we have sufficient staff to support ongoing trading,&#8221; they said.</p>
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<p>The administrators added that preparations are under way for a sale of the business, although they cautioned that the timing of any deal remains uncertain.</p>
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<div class="text-description" readability="33">
<p>The latest report also reveals the scale of the company&#8217;s financial difficulties for the first time.</p>
</div>
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<div class="text-description" readability="34">
<p>Total debts exceed £103 million, including around £40 million owed to unsecured creditors. The secured lender is owed approximately £69.8 million.</p>
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<div class="text-description" readability="35">
<p>Argyll Holidays was founded in 1967 and grew into one of Scotland&#8217;s best-known holiday park operators. In 2022, the business was acquired by Cove Communities in a deal reportedly worth around £100 million.</p>
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<div class="text-description" readability="35">
<p>At the time, Argyll Holidays director Keith Campbell described Cove as the &#8220;ideal custodian&#8221; for the family business, praising its commitment to investing in tourism destinations.</p>
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<div class="text-description" readability="34.521531100478">
<p>Administrators said a combination of factors contributed to the collapse, including high <a href="https://www.express.co.uk/latest/interest-rates" data-link-tracking="InArticle|AutoLink">interest rates</a>, falling consumer spending, rising operating costs and wider pressures affecting the holiday park sector.</p>
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<div class="text-description" readability="36">
<p>Additional companies within the wider group, including sites in the Scottish Borders, Cornwall and Cumbria, have also entered administration.</p>
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<div class="text-description" readability="35">
<p>For now, however, the Scottish parks continue to welcome guests as administrators work to secure a buyer and safeguard the business&#8217;s future.</p>
</div><p>The post <a href="https://www.newswireexplorer.com/uk-holiday-park-group-crashes-into-administration-158-jobs-created-to-save-business/">UK holiday park group crashes into administration – 158 jobs created to save business</a> first appeared on <a href="https://www.newswireexplorer.com">NewsWire Explorer</a>.</p>]]></content:encoded>
					
		
		
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		<title>UK fine art company collapses into administration &#8211; in business since 1976</title>
		<link>https://www.newswireexplorer.com/uk-fine-art-company-collapses-into-administration-in-business-since-1976/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=uk-fine-art-company-collapses-into-administration-in-business-since-1976</link>
		
		<dc:creator><![CDATA[Harry J]]></dc:creator>
		<pubDate>Thu, 04 Jun 2026 08:22:07 +0000</pubDate>
				<category><![CDATA[World]]></category>
		<category><![CDATA[administration]]></category>
		<category><![CDATA[Alec Drew Picture Frames]]></category>
		<category><![CDATA[Chelsea]]></category>
		<category><![CDATA[fine art framing]]></category>
		<category><![CDATA[High Street]]></category>
		<category><![CDATA[store closures]]></category>
		<guid isPermaLink="false">https://www.newswireexplorer.com/uk-fine-art-company-collapses-into-administration-in-business-since-1976</guid>

					<description><![CDATA[<p><a href="https://www.express.co.uk/news/uk/2213165/uk-fine-art-company-collapses"><img src="https://www.newswireexplorer.com/uploads/2026/06/uk-fine-art-company-collapses-into-administration-in-business-since-1976-1.jpg"/></a></p>
<p>A well-known London business with a reputation for specialist craftsmanship has reached a major milestone in its long history, marking a significant moment for customers and the local community.</p>
<p>The post <a href="https://www.newswireexplorer.com/uk-fine-art-company-collapses-into-administration-in-business-since-1976/">UK fine art company collapses into administration – in business since 1976</a> first appeared on <a href="https://www.newswireexplorer.com">NewsWire Explorer</a>.</p>]]></description>
										<content:encoded><![CDATA[<div><img decoding="async" src="https://www.newswireexplorer.com/uploads/2026/06/uk-fine-art-company-collapses-into-administration-in-business-since-1976.jpg" class="ff-og-image-inserted"></div>
<div readability="29.213114754098">
<p>A long-established London picture framing company that has served customers for half a century has entered <a data-link-tracking="InArticle|Link" title="UK construction company plunges toward administration - in business since 2017" href="https://www.express.co.uk/news/uk/2213125/uk-construction-company-administration">administration</a>.</p>
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<div readability="32.20725388601">
<p>Alec Drew Picture Frames Limited, a specialist fine art framing business based in <a data-link-tracking="InArticle|Link" title="London" href="https://www.express.co.uk/latest/london">Chelsea</a>, was placed into administration on June 1, 2026, according to a notice published in <a data-link-tracking="InArticle|Link" title="Store closures" href="https://www.express.co.uk/latest/store-closures">The London Gazette</a>.</p>
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<p>The company, which was incorporated in February 1976, operated for 50 years from its premises on Cale Street in Chelsea and built a reputation for high-quality framing services.</p>
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<p>The appointment of joint administrators Ian Robert and Christopher Purkiss of Moore Kingston Smith &amp; Partners LLP was confirmed by the High Court of Justice Business and Property Courts of England and Wales.</p>
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<p>A notice issued following the administration stated that the affairs, business and property of the company are now being managed by the joint administrators, who act as agents of the company.</p>
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<p>Customers have been informed that the business is no longer accepting new work and is open only for collections. Items can be collected from the premises between 10am and 5pm Monday to Friday and from 10am until 2pm on Saturdays.</p>
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<p>Alec Drew Picture Frames was widely known within the art and framing sector for its museum and conservation-standard work. The company offered a broad range of framing services, from simple wooden mouldings to bespoke handmade gessoed and gilded traditional frames.</p>
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<p>Over five decades in business, the firm established itself as a respected neighbourhood picture framer in Chelsea, serving collectors, artists and customers seeking specialist framing solutions.</p>
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<p>The administration marks the end of a 50-year chapter for the company, which had become a familiar name in one of London&#8217;s best-known neighbourhoods.</p>
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<p>No reason for the insolvency was given in the administration notice.</p>
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<div readability="33">
<p>Customers seeking further information have been directed to contact the joint administrators at Moore Kingston Smith &amp; Partners LLP.</p>
</div><p>The post <a href="https://www.newswireexplorer.com/uk-fine-art-company-collapses-into-administration-in-business-since-1976/">UK fine art company collapses into administration – in business since 1976</a> first appeared on <a href="https://www.newswireexplorer.com">NewsWire Explorer</a>.</p>]]></content:encoded>
					
		
		
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