Insolvency News 18 of 21

Wimbledon Studios Enters Company Administration

Prominent media organisation Wimbledon Studios has been voluntarily placed into company administration by one of its major stakeholders, after an extended period of financial uncertainty. Housing firm Panther Securities PLC – which is currently the freehold owner of Wimbledon Studios…

Sumner’s Media City Enters into Company Liquidation

Television post-production business Sumner’s Media City has entered into company liquidation, with an estimated eleven individuals believed to have subsequently loss their jobs. Sumner have undergone a progressive decline in their financial fortunes over the past few years, after its…

Conduit Skegness Ltd Enters Administration

Conduit Skegness Limited – the owner of one of the UK’s biggest seaside theme parks – has entered into administration amidst increasing uncertainty about the financial future of the company. Fantasy Island – a Skegness-based subsidiary of the struggling business…

Manufacturing Company Insolvency Increase

Manufacturing company insolvency has seen a significant increase, as companies are winding up across the country, fresh data from Exaro has shown. June saw the number of companies within the manufacturing sector which filed for insolvencies drastically climb from 168…

Cable To Launch Probe Into Comet Liquidators

Business Secretary, Vince Cable, has brought the hammer down on the liquidators who handled the winding-up of an electrical retail chain, Comet, more than a year and a half after its folding. Yielding the loss of roughly 7,000 jobs, the…

Unipart Automotive Enters into Administration

Unipart Automotive, one of Britain’s biggest providers of second hand vehicle parts, is set to enter company administration after their endeavour to find a buyer to purchase the whole company failed. KPMG representatives Mark Orton, Will Wright and Jonny Marston…

Administration ~ Sale of Troubled Furniture Firm

Having ventured into administration last month, Corndell Furniture Company has been purchased by and subsequently amalgamated with newly created company, Corndell Quality Furniture. The restructuring firm charged with overseeing the administration, have confirmed that all assets have been successfully moved…

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