Parker’s Bakery Limited, a cherished family bakery that has been a staple of Hartlepool for over half a century, has fallen into administration. The bakery, located on the Parkview West…

Wilko officially entered administration today, jeopardising 12,000 positions. We examine the challenges the value retailer faced and explores its potential for recovery. Throughout the last year, the company grappled with…

Kimi Karjalainen, along with his sibling Marko, invested their entire savings into establishing Bone Machine Brewing Co in Pocklington, East Yorkshire, back in 2017. Later, they relocated to Hull, riding…

The entity responsible for Target Travel, a company that faced the revocation of its O-Licence three years ago, has now entered into liquidation, carrying liabilities amounting to approximately £500,000. Dealtop…

Buckingham Group Contracting has filed a notice of intention to appoint administrators. The history of the company can be traced back to the establishment of Buckingham Plant Hire in 1955.…

CREDIT: Roger Dyson/Roger Dyson 29 RoyaleLife holiday resorts, property developments, and real estate firms have entered administration during the height of the summer vacation period, as exclusively reported by TheBusinessDesk.com.…

Former Halifax footballer Stephen Oleksewycz, 39, found himself facing the gavel’s verdict at Leeds Crown Court on August 3, 2023. The court’s ruling imposed a 27-month imprisonment on him due…

The motorcycle insurance industry in the UK has been recently affected by the administration of MCE, a specialist motorcycle insurance firm. With its underwriter, Sabre, confirming the news, the industry…

While RBS CEO Howard Davies calls for a “bad debt sinkhole” for loan defaults, bankers warn the Treasury to expect 40–50% of bounce-back loans to be written off. Banks are…

Britain’s business landscape is bracing for a significant transformation as experts anticipate the imminent eradication of the nation’s debt-laden “zombie” companies. Renowned insolvency specialist, Begbies Traynor, has boldly predicted that…