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Failed Arena Television Leaves Trail of Losses and Faces Fraud Probe

Sports broadcaster, Arena Television, which collapsed recently, is understood to be behind large losses owing to a number of lenders and is also facing alleged...

Scottish Company Praised by Nicola Sturgeon Collapses

A family-owned mechanical and electrical contracting business from Lanarkshire has collapsed less than a year after it was praised by Scotland’s first minister, Nicola Sturgeon....

Barnsley Shopping Centre Enters Receivership

A shopping centre in Barnsley, South Yorkshire has entered receivership, amid reports it was struggling to compete with a council-owned town centre redevelopment. The Alhambra...

Leading Litigation Funder Enters Administration

Affiniti Finance, one of the UK’s largest litigation funders, has gone into administration. Regulator, the Financial Conduct Authority, has confirmed that Affiniti Finance was no...

Travel Firm Collapses as it Cannot Pay Refunds

Truly Holdings, the parent company of Teletext Holidays and sister company Alpharooms, has collapsed after being unable to pay refunds. The business is understood to...

Bobby Davro’s Business Goes Bust

Comedian Bobby Davro, 63, has liquidated his company after struggling to find work because of the Covid-19 pandemic. Davro’s company, Orvad Enterprises, owed over £92,000...

High Energy Costs Will Increase Corporate Failure in the Construction Sector

Supply and demand in the global energy market have pushed prices to a record high this month in what industry pundits are called a ‘perfect...

HMRC Sends ‘Nudge’ Letters to Crypto Investors

HMRC is to issue ‘nudge’ letters to UK crypto asset owners – these are sent as reminders to review tax liabilities and to pay any...

Savile Row Institution Gieves & Hawkes Facing Liquidation

The financial woes of the Ruyi Group, China’s largest textiles and clothing company, touched Savile Row this week, with the news that Gieves & Hawkes...

NI Building Firm Closed After Police Swoop

JMC Mechanical and Construction, a building and maintenance firm in Country Down, Northern Ireland, has closed with the loss of up to 140 jobs, shortly...

UK Business Insolvencies to Exceed 20,000 in 2022

A new report from trade credit insurers Euler Hermes predicts over 20,000 business failures in the UK next year. While government support during the COVID-19...

Plymouth Construction Firm Collapses Owing £2.5m

Plymouth-based URBN Construction is now in liquidation after becoming insolvent and owing debts of around £2.5 million, with the majority of creditors expected to receive...