Scottish flooring firm collapses into liquidation after 13 years

The Elgin-based firm entered “compulsory liquidation” last week on May 5. The independent firm appointed liquidators earlier this month(Image: Getty Images ) A Scottish carpet and flooring company has gone bust recently. It’s just the latest firm to collapse amidst the ongoing challenging retail environment. The Floor Studio, which was located in Elgin, Moray, entered…

Native Instruments acquired by inMusic, owner of Akai and Moog, three months after entering insolvency

Music technology and professional audio company inMusic has signed a definitive agreement to acquire Native Instruments, the Berlin-based music tech firm behind Kontakt, Traktor, iZotope, Plugin Alliance, and Brainworx. The deal, announced on Friday (May 8), comes roughly three months after Native Instruments entered preliminary insolvency proceedings in Germany. The transaction is expected to close in the coming weeks, inMusic and Native…

Sustainable UK sofa manufacturer enters liquidation

A British sofa manufacturer has entered liquidation, marking another setback for the UK furniture industry as manufacturers continue to face mounting operational and market pressures. © Tanasin Srijaroensirikul | Dreamstime According to public filings, the Derbyshire-linked company, Habbio Home Limited, appointed liquidators…

Court halts Wootzano liquidation initiated by Innovate UK

DealsManufacturing Newcastle robotics firm Wootzano has resumed trading after the Court of Session in Edinburgh halted liquidation proceedings. It followed the confirmation of approximately £237 million in contracted distribution agreements in a report submitted to the court. The court granted a sist – a Scottish legal mechanism that pauses the liquidation process and allows a…