Luxury yacht manufacturer Fairline Yachts has gone into administration just weeks after a change in ownership, with administrators seeking a buyer while business operations continue.

Pre-pack liquidation sells a company’s assets before winding it up, while pre-pack administration aims to rescue the business through a pre-arranged sale, allowing it to continue trading.

A First Gazette Notice for compulsory strike off is a public notice from Companies House that the company will be dissolved unless overdue filings are made or valid objections are raised within two months.

Didsbury Gin, famed for award-winning spirits and Dragon’s Den backing, has entered liquidation, with parent company Alderman’s Drinks owing creditors nearly £200,000.

A declaration of insolvency is a formal acknowledgement that a business or individual cannot meet debt obligations, leading to formal insolvency proceedings aimed at resolving financial difficulties.

Explore how administration can protect your business, offering rapid relief and strategic options compared to liquidation. Learn more about its benefits and when it’s the right choice.

Learn how to sell company assets during financial distress, ensuring fair value, legal compliance, and proper documentation while maintaining business continuity. Contact Parker Walsh for free, expert advice.

Typhoo Tea, a historic British brand, faces potential administration after sales plummet, losses widen, and a factory break-in compounds financial woes.

Homebase has entered administration, endangering 2,000 jobs, while The Range owner acquires 70 stores, safeguarding 1,600 roles and the Homebase brand for online continuation.