Ernest Hemingway famously described the process of going bankrupt as something that happens “gradually, then suddenly”, a phrase more pithily misremembered as “slowly, then all at once”. When it comes to the public sector, this second version really seems to be the case. Before 2018, no UK council had issued a section 114 notice –…
Credit: Ample Another company that made big claims about its ability to scale and deploy EV battery swapping stations has just gone bankrupt – and, frankly, it’s not too surprising that it has. Ample is a company that made big claims about its EV battery swapping technology. It claimed to have designed autonomous battery swapping…
1. Main messages for England and Wales The number of registered company insolvencies in England and Wales was 1,866 in November 2025, 8% lower than in October 2025 (2,034) and 7% lower than the same month in the previous year (2,001 in November 2024). Monthly company insolvency numbers so far in 2025 have been slightly…
Troostwijk Auctions today launches the online auction of the complete industrial inventory of CêlaVíta, the Dutch producer of chilled potato products that was declared bankrupt earlier this summer. As it has now become clear that a restart of the company is not possible, the assets are being offered through six online auctions. Significant international…
The Eindhoven startup Alphabeats, which developed a mental training app that allowed users to influence their brain activity through music, has been declared bankrupt. The Oost-Brabant court made that decision this week. The company had hoped for a breakthrough through a collaboration with Apple, but that didn’t happen. As a result, it was unable to…
Michelle Elliot – Restructuring partner at FRP Advisory in Edinburgh Company insolvencies in Scotland fell by 14 per cent in November 2025 compared to the same month the previous year, with a total of 98 cases registered. This figure comprised 58 Creditors’ Voluntary Liquidations, 33 compulsory liquidations, and seven administrations, while no Company Voluntary Arrangements…
The future of German packaging manufacturer Casimir Kast Verpackungen & Display has been secured following the opening of insolvency proceedings earlier this month. The Gernsbach-based producer of corrugated packaging and display solutions entered insolvency proceedings on 1 December. According to insolvency administrator Dr Dirk Pehl of law firm Schultze & Braun, a going-concern solution has…
Tom Russell – R3 president New statistics for November 2025 suggest a potential turning point for the UK economy, with R3, the trade body for restructuring and insolvency, describing the latest figures as a “glimmer of hope” for struggling businesses. Corporate insolvencies fell to 1,866 in November, representing an 8% decrease from October and a…
Baroness Michelle Mone in the House of Lords with her businessman husband Douglas Barrowman [Getty Images] The UK Government is unlikely to see most of the £148m is it owed by a faulty PPE supplier linked to Baroness Michelle Mone after the company was wound up. PPE Medpro, a consortium run by Mone’s husband Douglas…
Getty Images Baroness Michelle Mone in the House of Lords with her businessman husband Douglas Barrowman The UK Government is unlikely to see most of the £148m is it owed by a faulty PPE supplier linked to Baroness Michelle Mone after the company was wound up. PPE Medpro, a consortium run by Mone’s husband Douglas…