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The Latest Breaking News from FRP

Company failures rise with more businesses in ‘perilous’ position

A total of 1,966 registered company insolvencies in November was 13% higher than in October.

Evening Standard

Jobs lost as Glasgow firm goes into administration after 41 years

Jobs have been lost as a Glasgow firm has gone into administration after 40 years.

The National (Scotland)

The Body Shop owed more than £276m to creditors at time of collapse

Company appeals for cut in rent as part of rescue deal as report shows total debts at ethical beauty retailer

The Guardian - UK

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The Body Shop files for bankruptcy in the US and Canada

About 400 more jobs at risk as cosmetics retailer struggles to pay suppliers in Australia after UK parent’s collapse

The Guardian - UK

Body Shop's UK Business Slides Into Bankruptcy

The UK arm of The Body Shop, the near 50-year-old cosmetics company renowned for ethical hair and skin products, has entered bankruptcy, administrators said Tuesday, placing thousands of jobs at risk.

International Business Times

The Body Shop collapses into administration with thousands of jobs at risk

Administrators at FRP have been appointed to take over the firm and attempt to sell its assets, in order to repay the iconic brand’s debts

Evening Standard

150 jobs saved as London and South East pharmacy chain Medipharmacy bought out of administration by Enimed

Administrators said that Medipharmacy had “faced increasing cashflow challenges in recent months”.

Evening Standard

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Major Scottish battery factory could be saved but dozens of jobs at risk

A MAJOR Scottish battery factory could be saved after administrators said “several parties” are interested in buying the company...

The National (Scotland)

Property, food and retail most at risk as insolvencies soar, restructuring experts FRP say

Profits at FRP rose to £15.5 million in the first half

Evening Standard

Wiggle CRC sales process officially begins

Administrators reaffirm 'considerable interest' from buyers

Cycling News

Wiggle CRC draws interest from a number of potential buyers

Spread of insolvency proceedings through to other companies in the SIGNA Sport United Group confirmed

Cycling News

Newcastle superclub and pub The Lofts and The Hustle closed with £7m deficit, documents show

The venues closed after becoming involved in an ongoing FCA investigation into a separate business owned by company director John Dance

Birmingham Post

Creditors claim more than £9m from collapsed Howard Russell Construction, documents show

The Cramlington contractor collapsed in May and administrators were appointed at FRP Advisory

Birmingham Post

Political storm over Mahakal Lok idols damaged by wind

The idols of six of the seven Saptarishis (seven sages, according to Hindu mythology), all made of fibreglass reinforced plastic or FRP collapsed due to gusty winds on Sunday that left a trail of damage across Ujjain.

The Hindu

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Manchester Evening News

Loan provider that never made a profit owed more than £24m as it collapsed into administration with almost 140 jobs lost

The business had been funded through shareholder capital and loans

Chronicle Live

'Massive shock' care home closure leaves County Durham residents just weeks to find a new place to live

Shotley Park in County Durham will close within a month.

Birmingham Post

Norstead collapse leaves more than 300 companies owed millions

The management team of the Metnor Group subsidiary had attempted to buy the firm

Birmingham Post

Jobs going with closure of Two Birds distillery

Market Harborough business was hit by a decline in sales coupled with key customer contracts coming to an end

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news in one place.

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Birmingham Post

Metnor Construction collapsed owing more than £9.3m after lender pulled support

More than 440 creditors are owed sums by the failed Newcastle company

The Guardian - UK

Suite dreams: how luxury sofa firm Maker&Son left its clients standing

The high-end furniture maker was sold to a buyout specialist last year. Now customers and staff say they are stumbling through a paper trail to recover what they are owed

Birmingham Post

Over 100 jobs lost at loan provider Auden Group as it enters administration as CMA issues warning

FRP said it had been hired after the business' level of lending was not able to sustain its operational cost base

Birmingham Post

Finchale Training College liquidated as no rescue buyer found

The charity had helped thousands of people over 80 years

Manchester Evening News

50-year-old Greater Manchester business collapses owing £4m and making 30 redundancies

Children's arts and crafts maker Brian Clegg had been 'loss making for some time'

Glasgow Live

Mortons Rolls employees could be owed thousands over 'cold' sudden dismissal

A case against the Drumchapel bakers has been launched with around 15 employees involved so far in suing their former employer - it could see them pocket thousands after they were made redundant.

Birmingham Post

Pie maker Vale of Mowbray's site and machinery sold following administration

The historic family firm collapsed under rising costs and staffing challenges last year

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