Administration
We cover the latest corporate administrations across the UK, with a focus on their implications for accountants, insolvency practitioners, CFOs, and finance directors. Coverage focuses on high-profile and mid-market company administrations, examining their causes, process, and outcomes — including restructuring strategies, asset sales, and creditor implications.
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Jul- 2025 -16 JulyAdministrations
Begbies Traynor strikes deal to rescue Summit 1977 from collapse
Begbies Traynor has saved exactly 53 jobs at Wiltshire furniture manufacturer Summit 1977 after it was bought out of administration by Advanced Furniture. News of the deal comes after Neil Vinnicombe and Huw Powell from Begbies Traynor were appointed joint administrators on 10 July to rescue the company. The hand-crafted…
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14 JulyTax
US companies underpaid as much as £8.8bn in tax, says UHY Hacker Young
US companies underpaid as much as £8.8bn in tax last year, according to according to data from UHY Hacker Young. This is up 57% from the £5.6bn that HMRC believed was underpaid in the previous year. US companies account for the most underpaid tax out of all overseas countries –…
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10 JulyAudit
FRC opens investigations into Stenn audits by Azets and Deloitte
The Financial Reporting Council (FRC) has launched investigations into the statutory audits of Stenn Assets UK Limited and Stenn International Limited by Azets Audit Services and Deloitte. Stenn, a UK invoice-financing company, entered administration in December 2024 after one of its lenders flagged suspicious transactions. The FRC is examining Azets’…
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7 JulyBusiness
Wilson Partners picks Iplicit to overhaul finance functions
Wilson Partners has partnered with cloud accounting provider Iplicit to overhaul its finance function ahead of a planned expansion. The firm aims to double its annual turnover to £60m within two years through a mix of organic growth and acquisitions. It has selected Iplicit to provide a centralised platform capable…
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4 JulyPeople Moves
Lava Advisory Partners appoints new partner
Lava Advisory Partners has announced the appointment of Paul Joyce as a new partner at the firm. Joyce joins from Forvis Mazars, where he spent the last eight years building and leading the London M&A team. With more than two decades of M&A and corporate finance experience, his background spans…
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1 JulyBusiness
Evelyn Partners offloads fund solutions business to Thesis
Evelyn Partners has completed the sale of its fund solutions business to Thesis Holdings, marking its full exit from the sector to focus exclusively on wealth management. The deal sees Evelyn Partners Fund Solutions Limited (EPFL) transferred to Thesis, with 75 staff, mainly based in Glasgow, moving across. It follows…
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Jun- 2025 -18 JuneBusiness
Interpath appointed as Mighty Drinks administrator
Interpath Advisory managing directors James Clark and Howard Smith have been appointed as joint administrators to Watkins Drinks Limited, trading as Mighty Drinks following its failure to secure further investment. The Leeds-based firm, known for its pea protein and oat milk products, had been operating nationally, with stockists including major…
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3 JunePractice Regulation
Insolvency Service revises IVA protocol for ‘greater clarity’
The Insolvency Service has published a revised Individual Voluntary Arrangement (IVA) protocol, with the aim to improve the service currently offered to people in debt. An easy-to-read ‘key facts’ document has been included in the new protocol, and will be given to people in debt before they sign up to…
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May- 2025 -28 MayPeople Moves
Equiom names Vicky Stables as Jersey office MD
Equiom has announced the promotion of Vicky Stables to the role of managing director of its Jersey office. Stables joined Equiom in April 2024 as head of Private Wealth and Family Office – Jersey, bringing over 25 years of fiduciary experience. In this role, the firm said she has built…
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28 MayBusiness
Interpath Advisory appointed administrator of Algal Omega 3
Interpath Advisory is set to oversee the administration of Algal Omega 3 Limited after the business struggled with rising production costs.Stuart Irwin and Richard Harrison were appointed as joint administrators on 27 May 2025. The business has used fermentation technology on microalgae to manufacture crude algal oil for a variety…
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