Restructures and receiverships news & analysis

Natural Drinks Co

Natural Drinks Co ceases trading after failed investment Subscription

07 Sep 2018 | By Henry Saker-Clark

The company was wound up after hiring liquidators BDO last month, but hopes to secure funding to resurrect its brands in the future

Bibendum

Bibendum PLB ditches European business after 'strategic review' by new owner C&C Subscription

29 Aug 2018 | By Daniel Woolfson

Bibendum said it “decided to focus exclusively on our core customers”

Dairystix milk

Freshways ceases production of Dairystix and closes Plympton plant Subscription

23 Aug 2018 | By Kevin White

The business had become ‘unviable’, said Freshways MD Bali Nijjar

Poundworld

Iceland agrees to acquire 19 former Poundworld stores Subscription

22 Aug 2018 | By Steve Farrell

15 stores will become Iceland stores and four will be turned into The Food Warehouse

Genesis crafty

Genesis Crafty bakery bought by Tayto boss in rescue deal saving 260 jobs Subscription

22 Aug 2018 | By Henry Saker-Clark

Family bakery, McErlian’s suffered “trading difficulties” in the past year and enterted administration earlier this week

errington cheese

Errington Cheese lays off remaining staff over e.coli dispute Subscription

21 Aug 2018 | By Rachel Graham

”I simply cannot afford to pay their wages,” said owner Selina Cairns

Pastinos

Snack brands Pastinos and Raw Chocolate Co appoint administrators Subscription

17 Aug 2018 | By Henry Saker-Clark

Pastinos pasta snacks is on the market for a potential rescue deal, while Sussex-based The Raw Chocolate Co was bought from administration, saving a dozen jobs

Poundworld closing down sale

Caution urged over reports 50 Poundworlds have been saved Subscription

09 Aug 2018 | By Steve Farrell

Reports of a last-minute reprieve for the chain emerged after an Irish family issued statement saying administrators had accepted its bid for 50 stores

Poundworld closing down sale

Poundworld staff told there's no bidder for remaining stores Subscription

27 Jul 2018 | By Steve Farrell

Hopes had been raised that 171 stores could be saved by a last-ditch bid from Poundworld’s founder Chris Edwards

Chris Edwards

Poundworld founder Edwards hopeful 171 stores can be saved Subscription

23 Jul 2018 | By Steve Farrell

Edwards said he had raised £25m to restock empty branches and warehouses

muddle and mash cocktail mixers

Muddle & Mash and London Cellar hire liquidators Subscription

20 Jul 2018 | By Henry Saker-Clark

High-end cocktail mixer manufacturer Muddle & Mash has closed its doors after profitability steeply declined

Poundworld closing down sale

Remaining Poundworld stores scheduled for closure Subscription

19 Jul 2018 | By Steve Farrell

The distribution centre in Normanton is to close tomorrow (20 July) and the remaining stores by 10 August

Poundworld administrator's sale

Poundworld stores to close on 6 August if no buyer is found Subscription

16 Jul 2018

So far 25 stores have aleady closed with 80 set to shutdown on 22 July…

Poundworld closing down sale

Another 80 Poundworld stores to close with loss of 1,024 jobs Subscription

16 Jul 2018 | By Steve Farrell

The closures will result in the loss of 1,024 jobs

Poundworld closing down sale

Poundworld to close 25 stores leading to 242 redundancies Subscription

10 Jul 2018 | By Steve Farrell

The affected stores will trade for their last day this Sunday (15 July) leading to the redundancies next Tuesday

Palmer & Harvey

Imperial and JTI may struggle to recover P&H loans Subscription

09 Jul 2018 | By Ronan Hegarty

PwC said tobacco suppliers could expect between 0% and 58% of the £66.1m they were due

Chris Edwards

Poundworld rescue talks collapse, says chain's founder Subscription

04 Jul 2018 | By Steve Farrell

Chris Edwards said his best offer had proved lower than the minimum Deloitte was willing to accept

Booze

KPMG faces investigation over Conviviality accounts audit Subscription

03 Jul 2018 | By Daniel Woolfson

The auditor has stressed it completed its work “appropriately”

Chris Edwards

Poundworld rescue deal 'further away' claims founder Subscription

03 Jul 2018 | By Steve Farrell

‘My heart tells me I want to save the brand because we created it and my head is saying I think they’ve run it down too far’

Petface dog dental sticks

Pet goods supplier Petface rescued from administration Subscription

29 Jun 2018 | By Henry Saker-Clark

Petface appointed administrators BDO last week

Chris Edwards

Poundworld founder Chris Edwards looking to buy 186 stores Subscription

25 Jun 2018 | By Steve Farrell

A decision is due to be announced by administrators Deloitte on whether a buyer has been secured or all 335 stores face closure

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