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The Latest Breaking News from FRP Advisory

Leading British children's bike brand enters administration

'Several parties' interested in buying Frog Bikes business, administrators say

Cycling Weekly

Major UK PC retailer, Ebuyer, bought out of administration by notorious backer — PC component listings mostly nuked in favor of furniture, garish iPhone cases, and air fryers as Frasers Group takes the helm

Long-time PC and component retail website, Ebuyer, has been bought out by Frasers Group, which owns House of Fraser, Game, and Jack Wills, among other companies.

Tom’s Hardware

Counselling charity Relate set to be rescued from insolvency

Deal under which Family Action takes over Relate’s counselling services will save up to 185 jobs, say administrators

The Guardian - UK

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Two former BHS directors ordered to pay at least £18m over wrongful trading

Ruling comes eight years after the retailer collapsed into administration owing creditors, including its pension fund, more than £1bn

The Guardian - UK

Wiggle sale revealed to be £3m to second-best Frasers Group

Business tycoon Mike Ashley scooped up intellectual property after initial deal fell through

Cycling Weekly

'Once the warehouse is clear, it's game over' – WiggleCRC lays off almost entire workforce

'The new buyer apparently doesn't want anyone' says anonymous source

Cycling News

Which Body Shop stores are closing? We list 199 stores as the brand goes into administration

Another High Street store could be set to close its doors, here's which ones are affected

GoodToKnow

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WiggleCRC closes international shops to 'solely focus' on the UK as it searches for buyer

Administrators cite economic impact of Brexit as retailer cuts trade overseas

Cycling Weekly

Award-winning Scottish firm goes bust with all staff to lose jobs

All members of staff at a Scottish firm have been made redundant after the company went into administration.

The National (Scotland)

Wiggle administrators in discussions with ‘a number of interested’ buyers

Mike Ashley's Frasers Group among companies reported to be interested

Cycling Weekly

Gateshead's Express Engineering snaps up QA Weld Tech out of administration

39 staff members at the Middlesbrough business have also transferred to the new owners

Birmingham Post

Quantuma hires new managing director for its Scottish practice

Advisory firm poaches long-time FRP Advisory director to head up its new Edinburgh office

Insider UK

Jobs lost as Mara Seaweed files for administration

The company's collapse was triggered by working capital issues following the withdrawal of funding for expansion

Insider UK

The defunct energy firms sending out life-wrecking bills from beyond the grave

Former customers get demands for thousands from administrators – and have no clear way of challenging them

The Guardian - UK

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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

78 jobs safe as food packaging business bought out of administration

Mansfield-based iTEC Packing has been bought by global packaging business Alpla UK

Birmingham Post

Great Annual Savings falls into administration after court rejects restructuring plan

More than 100 jobs have been lost after the Seaham firm's plan failed to secure backing at the High Court hearing

Birmingham Post

Administrators appointed at Northumberland based Howard Russell Construction

The appointment of FRP Advisory comes months after the company was forecasting a huge jump in turnover

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Birmingham Post

Beau’s Ice Cream Parlour Ltd collapsed owing creditors more than £300k, documents show

The collapse came less than two years after the businesses secured a £400,000 investment to fuel expansion

Glasgow Live

Over 200 staff at Glasgow's Mortons rolls made redundant as rescue talks continue

It is believed that a number of shops and cafes that had been receiving goods from Mortons have been notified that their deliveries could resume as soon as this week

Insider UK

230 Mortons Rolls staff made redundant as rescue talks continue at Glasgow bakery

Mortons customers have been told to expect an imminent resumption of deliveries, the Daily Record is reporting

Daily Record

More than 200 Mortons Rolls staff made redundant as rescue talks continue

The Record understands Mortons customers have been told to expect an imminent resumption of deliveries.

Insider UK

Three care homes to be bought out of administration

165 jobs will transfer across as part of the sales, although four head office staff are to be made redundant

Insider UK

Dundee e-bike hire business placed into liquidation

All nine employees of Ride-on Scotland have been made redundant due to cash flow problems

Daily Record

Callander hotels slip into administration after owners claim "unsustainable" cash issues

The pair of hotels have called in administrators after closing their doors at the end of last year.

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