“Due to the loss and under-performance of several key contracts, including its main UK retail licensee, along with a previously growing licensee based in the United States, which severely impacted cashflow, the company is now in liquidation,” said Alan Coleman, of liquidation company FTS Recovery.
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Carpetright close to collapse with 1,800 jobs at risk
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Carpetright is on the brink of collapse, putting more than 1,800 jobs at risk. The retailer has filed a...
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‘They wanted to jail a banker – I was that banker’
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It was standard industry practice, according to the CCRC application for Mr Hayes, to select a rate within that...
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Lower cost of tea eases January price rises
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“Rising geopolitical tensions will also add to uncertainty and costs in supply chains. With a general election later this...
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Energy bills: ‘It’s really extraordinarily grim’
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In a statement, the Department for Business, Energy and Industrial Strategy told Money Box: “We recognise that leaseholders and...
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Joanna Lumley ‘shocked’ at claims disabled workers unpaid
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Clarity was founded in 1854 by a wealthy blind woman, Elizabeth Gilbert, as the Association for Promoting the General...
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Buckingham Group construction company on brink of collapse
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Buckingham Group had a turnover of £665m in 2021 and said despite “very strong commercial performance across most of...
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UK defence firm bid monitored by government
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In a stock market statement, Ultra said the £35.16-a-share offer would be subject to “consideration and satisfactory resolution of...
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P&O Ferries says sacking U-turn would cause collapse
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He also reiterated his apology in front of Scottish members of parliament, saying: “On many occasions, I have reiterated...
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