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The Latest Breaking News from FRP

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.

Glasgow Live

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

Birmingham Post

Norstead follows Metnor Construction into administration with the loss of 52 jobs

The firm had sought a buyer in recent weeks

Birmingham Post

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Metnor Construction collapses into administration with all 80 jobs lost

Steven Ross and Allan Kelly of specialist business advisory firm FRP have been appointed as joint administrators

Birmingham Post

Company failures to rise in 2023 as cost pressures take their toll, warns FRP

Corporate restructuring firm FRP Advisory has said it is seeing a rise in inquiries as businesses come under pressure from soaring inflation and borrowing costs ahead of an expected surge in company failures this year.

Irish Independent

Almost 40 jobs lost as children’s arts and crafts maker collapses after bid to find new owner fails

The business entered administration on Wednesday, February 8

Birmingham Post

Over £4m owed by watch and jewellery repairer In-Time before Timpson rescue

Timpson stepped in to save the Southport based business earlier this month

Liverpool Echo

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In-Time rescued by Timpson with 110 jobs and 35 shops saved

In Time was established in 1981 and has its head office in Southport

Liverpool Echo

Arndale shop saved as Timpson rescues 110 jobs after company's collapse

Timpson's brands also include Johnsons, Jeeves, The Watch Workshop, Max Spielmann and Snappy Snaps

Manchester Evening News

Tyne Bank Brewery collapsed with liabilities of £350k as crowd investors set to lose out

The brewery - which has now been rescued from closure - ran into difficulties when trade did not recover to pre-Covid levels

Birmingham Post

Brighton Marathon could be saved as talks progress with potential buyer

Grounded Events owed £1.2 million for the 2021 financial year, according to the most recent filing with Companies House.

The Independent UK

Dragons' Den start-up Noveltea is wound up after Covid struggles

The hotly-tipped alcoholic tea start-up had featured on Dragons' Den and received substantial backing

Birmingham Post

Debt advisor owed over £26m when it entered administration as 31 employees made redundant

The company's clients have been transferred to another business in Salford

Birmingham Post

More than 200 jobs lost after logistics firm ceases trading

Solihull-based Corporate Solutions Logistics operated from sites across the UK but suffered after losing contracts and being hit by fuel price rises

Birmingham Post

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The Independent UK

RFU promise to give Wasps ‘best chance of long-term survival’

The Coventry-based club are facing relegation from the Gallagher Premiership after their entire playing and coaching staff were made redundant.

Birmingham Post

Finchale Training College put into administration as rescue buyer sought

The longstanding charity - which helps people with disabilities and physical and mental health needs - had been loss making for some time

Birmingham Post

Lancashire estate agency collapses into liquidation owing six-figure sum

The liquidation process only relates to the company's operations in Leyland

Birmingham Post

Conveyor manufacturer SE-TEK collapsed owing £3.8m, report shows

A range of trade creditors have been left out of pocket after the Sunderland firm went into administration last month

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Insider UK

Scottish accountancy firm placed into liquidation

No redundancies reported, as staff members were able to find alternative employment in time

Birmingham Post

Jobs lost as newly launched Sunderland conveyor firm falls into administration

SE-TEK Limited was formed last year after the management buyout of part of Komatsu Mining's operation

Birmingham Post

Three Ways House Hotel sold out of administration, saving 56 jobs

Business advisory firm FRP has agreed a pre-pack sale of the business to a new owner

Birmingham Post

Bleiker's Smokehouse fell into administration owing £2.8m before being bought by US firm

The Northallerton brand had suffered the sudden withdrawal of a key supermarket contract

Birmingham Post

Nearly 60 workers lose jobs as North Wales firm goes bust

FRP were appointed Joint Administrators of NWP Electrical & Mechanical Ltd after cashflow problems due to the difficult economic conditions

Daily Mirror

Customers of failed funeral firm Safe Hands warned they will lose 90% of their cash

Safe Hands left 45,000 customers in the lurch when it went into adminstration in March, and now Brits have been told to expect to lose most of their money - as well as their funerals

The Guardian - UK

Funeral plans: government urged to set up fund for victims of failed providers

Recent collapse of funeral company Safe Hands left 46,000 customers facing losses

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