Category : Corporate News


19 UK Firms Collapse, 5,400+ Jobs at Risk

The UK faces a significant wave of business collapses in early 2026, with 19 companies entering administration, putting over 5,400 jobs at risk across retail, construction, and services.

Babcock CEO to Retire After Share Price Surge

David Lockwood, CEO of defence contractor Babcock, will retire at year-end after a five-year tenure that saw the company's share price increase sixfold. He will be succeeded by Harry Holt.

Future Plc Buys SheerLuxe in £40m Deal

Bath-based media giant Future Plc has acquired digital fashion and lifestyle brand SheerLuxe for £40 million, aiming to diversify its audience and enhance content monetisation strategies.

Wetherspoon Profits Hit by Soaring Costs

JD Wetherspoon shares tumble after pub chain warns of lower profits due to soaring energy, wage and business rates costs, with annual expenses set to surge by £94m.

Family Construction Firm Collapses After 35 Years

Cheshire East Scaffolding Ltd, a family-run construction company operating since 1989, has entered administration, with administrators appointed at the High Court. The firm served the North West and North Wales for over three decades.

Spirit of Harrogate Enters Administration

Spirit of Harrogate Limited, the beloved retailer behind the Slingsby Gin brand, has collapsed into administration due to rising costs and difficult trading conditions.

Major UK Furniture Firm Collapses, 124 Jobs Lost

Moores Furniture Group, a major UK kitchen supplier founded in 1947, has collapsed into administration. Over 100 staff made redundant as challenging market conditions take their toll. Read the full story.

Lux Family Law expands into London's Mayfair

Cardiff-based Lux Family Law opens a new London office in Mayfair as part of its ambitious growth strategy, aiming for £5m revenues by 2028. Discover their unique client support model.

North East Appointments: Graduate Intake & Key Hires

Banks Group welcomes six new graduates, while B Local North East, True North, Metropolitan House, and Nova Pangaea Technologies announce key appointments. Discover the latest business moves shaping the region.

Greencore completes £1.2bn Bakkavor takeover

Greencore has completed its £1.2bn acquisition of Bakkavor, creating a £4bn food giant. The deal was approved after the firms addressed competition concerns. Read the full story.

UK Brewery Phantom Collapses with £2.2m Debts

Phantom Brewing Company enters administration with debts over £2.2 million, closing its Henley-on-Thames bar and Reading taproom. Read the full story on the firm's collapse and restructuring plans.

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