Exclusive: Top FTSE executive recruiter goes bust after AI platform launch Business A City-based boutique recruitment consultancy which has won executive-level talent for a host of FTSE firms has plunged into insolvency after pumping investment into an AI platform, Morning Wire can reveal. Savannah Group, which has recruited directors and executives for the likes of Starbucks, hospitality giant Fullers, Burger King, Aston Martin, and global cruise titan [...]
Government-backed ESG reporting platform put up for sale as firms backtrack on eco-goals Business An ESG reporting platform backed by the government-owned British Business Bank has been put up for sale after appointing administrators, Morning Wire can reveal, in the latest sign blue-chip companies are paring back their sustainability commitments. World Wide Generation, which operates the platform, known as G17 Eco, has opened the bidding to interested parties and [...]
Real estate firms going bust at record rate as property market slumps Property Real estate companies are going bust at the fastest rate seen in a decade, Morning Wire can reveal, in a further sign that the UK’s property market is taking a battering. As many as 762 real estate-related businesses have become insolvent in the UK since the start of the year, a Morning Wire analysis of [...]
Gone for good: UK distributor behind Take That film goes bust June 4, 2026 The London-based distributor behind the Take That musical film has gone bust, Morning Wire can reveal, in the latest sign of the intense cost pressures facing the industry. Elysian Film Group Distribution is part of the wider Elysian umbrella, founded by former Studiocanal chief Danny Perkins in 2018. FRP Advisory has been appointed as liquidators [...]
Tech firm behind in-store ads at Currys and Iceland goes bust May 13, 2026 The firm that provides high street giants Currys and Iceland with in-store digital advertising has declared insolvency, Morning Wire can reveal. Software company Stratacache announced its winding-up of its UK operations and appointed liquidators on Wednesday, according to insolvency filings. This comes only months after the US digital screen specialist partnered with budget supermarket giant [...]
Trapstar: London clothing brand put up for sale on insolvency marketplace May 13, 2026 A London clothing brand that has been worn by the likes of Jay Z and Rihanna has been put up for sale on an insolvency marketplace, Morning Wire can reveal. Trapstar, which sells luxury streetwear popular with young people, is seeking a buyer to help meet working capital challenges. The brand, which was founded in [...]
‘Relentless pressures’: More hospitality firms forced to shut even before Iran war April 17, 2026 The rate of corporate collapse in hospitality surged in February in signs the sector was struggling to stay afloat even before the Iran war brought further cost pressures. The number of accommodation and food service firms declaring insolvency jumped by 22 per cent to 270 in February, according to government data. This acceleration of the crisis [...]
MFS software platform put up for sale after lender’s collapse April 7, 2026 A software platform developed for Market Finance Solutions has been put up for sale by administrators following the lender’s collapse, Morning Wire can reveal. The software, which has been designed to be used in conjunction with Salesforce, was built as an “automated lending platform” including sales, underwriting and ‘KYC’ identity checks for new customers. “The [...]
Private credit firm exposed after cosmetics retailer plunges into administration April 7, 2026 A private credit firm has been forced to write down the value of one of its portfolio companies after online retailer Give Me Cosmetics was placed into administration. London-based Beechbrook capital, which offers finance to lower mid-market British businesses, had lent around £6.5m to fund the acquisition of Give Me Cosmetics in April 2024, in [...]
Nearly 600 jobs to go as Revolution Bars rescue deal shuts over 20 sites January 27, 2026 Nearly 600 jobs are set to be wiped out after a last-minute rescue deal to acquire the group behind Revolution Bars will see more than 20 sites closed with immediate effect. Administrators for Revel Collective, the AIM-listed hospitality group which also owns the Peach pubs chain, said two separate deals had been reached to sell [...]