Receivership & administration

Futurama: customer deposits collected were not ring-fenced

Revealed: massive shortfall at Futurama

Futurama would have needed a cash injection of £3m to keep going, and its collapse into administration has resulted in a total estimated shortfall of more than £6m.

Trade and expense creditors of RAP Spiderweb were owed nearly £186,000

RAP Spiderweb causes of administration revealed

Documents filed at Companies House relating to Oldham-based commercial printer RAP Spiderweb have revealed that the company had an estimated deficiency of around £1.5m when it went into administration...

Factory price could be reduced further. Image: EHB Reeves

Warwick Printing Co now insolvent

Expectations that Warwick Printing Company would be able to pay all its creditors in full have been dashed – and the business is now moving into an insolvent liquidation process with a likely...

Company continued to trade to detriment of HMRC

Directors banned over BBL

Two directors of a publishing company have been disqualified for abusing taxpayer-backed Covid business loan support.

The Bank of England's interest rate hikes have made it difficult to borrow money

Small businesses suffer interest-rate insolvencies

The number of insolvencies in the UK rose rapidly in May 2023 after a brief dip in April, with small businesses particularly badly affected.

YM Group: failed to consult over web division

Unite wins payout for former YM workers

Unite has been successful in its Protective Award claim against YM’s web businesses, with hundreds of employees – including non-union members – set to receive payments as a result.

Some of the services offered by ABC Imaging in the UK

London printco hits the buffers

A meeting of creditors has been called for a multi-service London-based printing business, which looks set to go into liquidation.

Royal Mail tops most read again in May

It’s a hat-trick at the top of our monthly most read articles list as the latest update in the ongoing saga between Royal Mail and the CWU attracted the most clicks in May, ahead of a series of...

Blackfish: “exciting new chapter"

Manchester Printers assets sold

The assets of Manchester Printers have been acquired by an East Midlands-based group.

Director is personally liable for six-figure penalty

Director disqualified over false invoices

The boss of a design and printing company has received a hefty ban for submitting falsified VAT returns.