Harland and Wolff: Deal struck to buy troubled Titanic maker saving 1,000 jobs December 19, 2024 Troubled shipbuilder Harland and Wolff, which crashed into administration owing more than £160m earlier this year, has been saved. Spanish state-owned business Navanti has struck a deal to buy the Belfast-based company in a move which will secure 1,000 jobs at Harland and Wolff’s four shipyards – one in Belfast, two in Scotland (Methil on [...]
Debts to go unpaid after collapse of Simon Rimmer’s restaurant chain December 12, 2024 How much the well-known restaurant chain co-founded by celebrity chef Simon Rimmer owed when it collapsed into administration has been revealed for the first time. Vegetarian restaurant Greens first opened its doors in Didsbury, Manchester, in 1990 but was forced to close in January 2024. That closure was followed by the chain’s other site in [...]
More companies to follow Homebase and Typhoo Tea into administration following Budget, warns Begbies Traynor December 10, 2024 More UK companies will crash into administration following the tax hikes announced in Labour’s Budget at the end of October, according to Begbies Traynor. Announcing its half-year results to the London Stock Exchange, the Manchester-headquartered group said “UK insolvencies remain at elevated levels” and that it expects “continuing growth” in its business recovery division as [...]
Typhoo Tea takeover: New owner brews cost-cutting turnaround after rescue deal December 2, 2024 With the immediate future of Typhoo Tea secured after it was rescued out of administration, attention is now turning to what could next be on the cards for the historic brand. Morning Wire exclusively revealed late on Sunday that the troubled tea maker is to be taken over by a vapes, batteries and vitamins seller [...]
Typhoo Tea rescued out of administration in £10m deal by vapes giant December 1, 2024 Typhoo Tea has been rescued out of administration by a vapes, batteries and vitamins seller for more than £10m. The trade and selected assets of the Bristol-based company have been acquired by Manchester-based Supreme, which is listed on the London Stock Exchange’s AIM, for £10.2m. In a statement, Supreme said the deal includes Typhoo Tea’s stock [...]
Typhoo Tea: How trespassers and losing £120m led to downfall of historic brand November 29, 2024 Despite not making a profit since 2017, the management running Typhoo Tea had still been optimistic for 2024 just months before the historic brand crashed into administration. Writing in its latest accounts, the company’s directors stated they were “excited” for the 2024 financial year, proclaiming that “legacy issues have been largely dealt with and the [...]
Typhoo Tea rescue deal eyed up by vapes giant Supreme November 28, 2024 Supreme, which sells products such as vapes and vitamins, is eyeing up a rescue deal for Typhoo Tea after the 120-year-old brand collapsed into administration. Greater Manchester-headquartered Supreme has confirmed it is “currently participating in a process regarding the potential acquisition” and added that discussions are at ‘an advanced stage”. However, the company said that [...]
Typhoo Tea collapses into administration with over 100 jobs at risk November 28, 2024 Typhoo Tea has collapsed into administration in a move that has put more than 100 jobs at risk. The Bristol-headquartered business has appointed Kroll to oversee the administration process. The move comes after it was revealed earlier in November that Typhoo Tea was on the brink of collapse. A spokesman for Kroll said: “As reported [...]
Homebase racked up debts of over £730m ahead of collapse November 23, 2024 The company behind Homebase owed more than £730m when it collapsed into administration before the brand was partially saved by the owner of The Range, it has been revealed. Retail group CDS, which also owns Wilko, took on 70 stores and secured the future of up to 1,600 jobs at the troubled DIY and garden [...]
Typhoo Tea: Jobs at risk as historic brand nears collapse November 15, 2024 More than 100 jobs are at risk after it emerged that Typhoo Tea is on the verge of collapsing into administration. The Bristol-headquartered business, which can trace its roots back over a century, is lining up EY to oversee the process after filing a a notice of intention to appoint administrators. In an interview with [...]