A company may be placed into administration: by an order of the court, on application by, the company, its directors, one or more creditors, or, if it is in liquidation, its liquidator; without a court order, by the direct appointment of an administrator by the company, its directors or a creditor who holds comprehensive security of a type which qualifies him to make such an appointment. Get the latest BBC Companies News: in-depth news, comment and analysis of the corporate world including audio and video coverage. In the first quarter of 2020, 90 companies fell into A total of 32 construction companies fell into administration in March, Construction News can reveal. Tue, 29 Dec 2020 | ADMINISTRATION Goodwin’s Construction Services Group has announced that it has fallen into administration as a result of cash flow issues. To be invited into the Microsoft Teams hearings please contact Steven Gibbon on 0207 947 6727. or email steven.gibbon@justice.gov.uk. Payday lender Peachy falls into administration This article is more than 9 months old Collapse will deal blow to customers who say they were mis-sold unaffordable loans If your employer goes into Administration it doesn’t mean that the company automatically goes out of business. They are separate companies owned by a myriad of banks and lenders. With live information on all the latest distressed businesses in the UK and contact details for the administrators, Administration List is a game changer. KPMG’s study of official insolvency notices posted in the London Gazette reveals that a total of 1,403 companies went into administration during 2019, … Depending on the outcomes, it may also go straight into liquidation. Sir Philip Green’s Arcadia Group has collapsed into administration, putting 13,000 jobs at risk as the retail tycoon’s high street career ends in failure.. Creditors via an Administrator (rather than large shareholders via the board) control the company. Company Name Status Region Sector SIC Codes; RENT A CAR 4U LIMITED: Dissolved: Lancashire: Realestate: 7110: ACCUBEAM CONTRACTS LTD: … Administration end. We list UK companies that fall into administration, liquidation and have winding up petitions lodged against them. Crisis-hit Aspire Achieve Advance has gone into administration – putting 500 jobs and the future of 4,500 apprentices at risk, FE Week can reveal. The chain, which operates 35 … Although the company's gone into administration, its shopping centres haven't. Businesses in Administration. Topshop, Burton and Dorothy Perkins owner Arcadia has gone into administration, putting 13,000 jobs at risk. The Irish arm of Aldo has already gone into administration. Air Mauritius goes into administration 23 Apr 2020 by Mark Caswell Air Mauritius has entered into voluntary adminstration, following “a complete erosion of the Company… Wednesday 3 February 2021 At 10:30 AM by Microsoft Teams. PAYDAY lender PiggyBank has gone bust leaving thousands of customers in limbo over repayments and compensation. Administration will end automatically after 12 months unless the administrator asks the court or creditors for an extension. HALF of major retailers in the UK face falling into administration by the end of the summer as they struggle to manage their cash flow during the coronavirus lockdown, a … The iconic British suitcase maker, founded 106 years ago, appointed KPMG as administrators. Virgin Australia has confirmed it has gone into voluntary administration, handing the airline over the insolvency experts at Deloitte to restructure the … Our online database is updated daily with new distressed listings and our members are notified of new distressed businesses via our daily … ... while a buyer is sought for all or parts of the company. The week that Virgin Australia hit the ground hard. The family footwear business, Johnsons Shoe Company, which runs Johnsons Shoes and Bowley’s Fine Shoes has appointed joint administrators, Ian Defty and Richard Toone of CVR Global. Our subscribers have access to all this information in one place giving them the competitive advantage they need to succeed in their next distressed business acquisition. HonestJohn.co.uk are an automotive support service, giving motoring advice and posting reviews of cars and vans. Apart from the UK, Aldo businesses are expected to reopen as each government permits in the post-coronavirus world. Administrator KPMG moved quickly to close 70 outlets, impacting as many as 900 jobs. Jewellery chain Links of London has collapsed into administration, putting up to 350 jobs at risk, in a new blow to the high street. This is according to the documents filed at Companies House showing the appointment of business advisory firm, FRP Advisory as its administrator on January 7. Administration never augurs well. In Australia, voluntary administration has never augured well for shareholders; they usually lose all or most of their investment. The owner of … Goodwin’s Construction Services Group falls into administration. Energy broker Utilitywise has gone into administration, putting 1,000 jobs at risk. The Leicestershire firm was reportedly struggling to pay a tax bill and faced a winding-up order. Most of the company's 2,000 employees will be paid through the ... What conservative media made of Biden's first week 9. ... Virgin Australia chief executive Paul Scurrah after announcing the company had gone into administration on Tuesday. Administration in the UK construction industry, and companies facing bankruptcy or liquidation or credit valuation adjustment According to the company, its financial problems stemmed from a contract dispute in 2019 but have ... continue reading Http://www.travelweekly.co.uk/Articles/2014/03/07/47191/on+holiday+group+enters+administration.html This is also part of holiday nights, i hope this hasnt affected anyone As with every other non-essential store, all of its 12 stores across London and the south-east of England have been closed temporarily since 20 March, following coronavirus … Later that month, Muscle Coach, a leading fitness company, was put into voluntary administration after a director received a devastating diagnosis and the company racked up … The company, better known as 3aaa and one of the biggest apprenticeship providers in the country, has come to the end of its sale process and multiple bids were made. REMOTE HEARINGS Before INSOLVENCY AND COMPANIES COURT JUDGE BURTON. Winding Up Petitions. Australia's sixth-largest wine company has gone into administration after significant financial struggles. And they've now got the keys. However,… CR-2019-007665 CHINA GATEWAY INTERNATIONAL LIMITED The famous British motorbike company Norton Motorcycles has gone into administration. Is it possible to find out quickly if a company has gone into administration? Depending upon the administration proposals the company may have: been rescued, and the company passed back to the directors; gone into liquidation We have the UK’s most comprehensive online database for distressed business. The Administration process provides a breathing space for actions to be taken to keep the company going if it is thought to be viable and could be made profitable again. Cake and pastry chain Patisserie Valerie is another UK company to go into administration (Credit: Henry Lawford/Flickr) French-style cafe and bakery chain Patisserie Valerie went into administration at the start of the year. The consumer motoring website, Honest John, has gone into administration. All the retailers who fell into administration this year - including Mamas & Papas, Bonmarche, Mothercare, Debenhams, Coast, Karen Millen, Forever 21 and Links of London Number of UK companies going into administration hits five-year peak This article is more than 1 year old Insolvencies total hits more than 4,000 in … Luxury luggage brand Antler went into administration last week, with the loss of 164 of 200 jobs. The unprecedented coronavirus pandemic made already existing problems which caused delays to finishing the … The company and its brands (chiefly 'Aldo' and 'Call It Spring') are major international businesses, operating around 3,000 stores globally served by 20,000 staff. Numerous Signature Living firms have collapsed into administration over the last six weeks – some of these being behind hefty hotel projects.