News

The Body Shop's remaining UK stores have been rescued from administration by a consortium led by Mike Jatania, safeguarding 1,300 jobs. The new owners aim for a sustainable future.

Insolvencies in England and Wales rose by 16% year-on-year in July, highlighting ongoing struggles for businesses despite a cautiously improving economic outlook.

Revolution Bars secured court approval for a restructuring plan to prevent collapse, addressing severe financial issues, retaining key sites, and securing creditor support. CEO Rob Pitcher expressed optimism about the future.

Harland & Wolff shareholders fear a "pre-pack" administration, risking their investments. A shareholder group seeks influence and support from Clive Palmer amid the company's strategic review by Rothschild bank.

Cineworld will close six UK cinemas, including Glasgow Parkhead and Bedford, amid financial struggles. Previous closures include Newport, Runcorn, and Bristol locations.

The once-thriving financial advice network, Tenet Group, has fallen into administration, resulting in the loss of 95 jobs.

Mercian Cycles, a Derby-based bicycle manufacturer since 1946, is entering voluntary liquidation. Known for its bespoke, handcrafted bikes used by world-record-setting cyclists and global adventurers, the company's closure marks the end of an era for the iconic British brand.

British online car retailer Cazoo, once valued at over £5bn, is entering into administration. The company has already cut over 700 jobs and is exploring a sale.