Category : Corporate News


Metal Recycling Company Unimetals Enters Liquidation

Unimetals Recycling, a UK metal recycling company with 27 sites, has formally entered liquidation after shareholders voted to wind up the business. Joint liquidators have been appointed to oversee the process.

Brewdog Closes 39 UK Bars After £33m Tilray Sale

Craft beer giant Brewdog will shut 39 UK bars, resulting in 484 job losses, following its £33 million acquisition by US consumer goods company Tilray Brands. Eleven sites, including in Birmingham, London, and Manchester, will remain open.

UK Animation Studio Collapses, 82 Jobs at Risk

Wild Child Animation Ltd, a British animation company with a £5.7 million turnover, has entered administration, threatening 82 jobs. Administrators aim to sell the business within two weeks.

Construction Company Collapses Into Administration

Architectural Panel Solutions Limited, a specialist in façade and cladding systems, has collapsed into administration. This follows the recent administration of another construction firm, EJ Taylor and Sons, amid financial struggles in the sector.

Yeovil Tool Company Collapses into Administration

The family-run Miles Tool & Machinery Centre in Yeovil has appointed joint administrators, citing over £1 million in short-term debt. Customers report abandoned premises and unfulfilled orders.

WPP's £500m Cost-Cutting Plan with Job Losses

Global advertising giant WPP reveals a strategic overhaul targeting £500 million in annual savings by 2028, involving job cuts and consolidation into four core units to address 'excessive organisational complexity'.

Metal Company Collapses After 70 Years in Business

MTE Heat Treatment, a West Yorkshire-based industrial metal treatment specialist, has collapsed into administration, affecting 38 employees. Joint administrators have been appointed as the company ceases operations.

Drax Profit Plunge Amid Job Cuts and Cost Savings

Power giant Drax reveals operating profits fell from £850m to £241m in 2025, with 350 job cuts announced. The firm cites impairments and market challenges but highlights record renewable power generation.

Gambling Commission Chief Andrew Rhodes Steps Down

Andrew Rhodes, chief executive of the Gambling Commission, is stepping down after nearly five years. The Welshman from Neath will take a private sector role, with his departure set for late April.

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