Business administrations across the United Kingdom rose by 41 per cent in January, with 151 companies entering insolvency proceedings, according to official figures.
Data from the Insolvency Service showed the total was also 14 per cent higher than in the same month last year.
Several well‑known retail and hospitality brands have entered administration since the start of 2026, including TGI Fridays, Claire’s, Russell & Bromley and The Original Factory Shop.
Administration processes have also affected The Revel Collective and Quiz, while Game Retail has confirmed plans to appoint officers.
Industry data suggests thousands of jobs are potentially at risk across retail and hospitality as a result of recent insolvencies.
TGI Fridays…