NCP Car Park Giant on Brink of Collapse, Hundreds of Jobs at Risk
National Car Parks (NCP), the UK's biggest car park operator with 300 sites nationwide, has filed a notice to appoint administrators, putting approximately 700 jobs in jeopardy.
Category : Corporate News
Rodmatic Engineering Firm Collapses After 50+ Years
Rodmatic Ltd, a Reading-based engineering firm specializing in fasteners and screw machine products, has entered liquidation after over five decades of operation. Joint administrators have been appointed to wind up the company.
Denby Pottery on Brink of Collapse After 200 Years
Major UK homeware brand Denby has filed for administration after more than two centuries, citing rising energy costs and challenging economic conditions as key factors.
Stelrad Sees Profits Halve in Subdued European Market
Newcastle-based radiator manufacturer Stelrad Group reveals operating profit fell 44% to £17.5m in 2025, despite adjusted profit growth and strategic restructuring across European facilities.
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Cytec Acquires Howells Associates, Expanding Market Position
Cytec Solutions Limited, a software provider specializing in corporate governance, has acquired Howells Associates, enhancing capabilities in employee share plan administration and insider list management.
Robert Walters Reports £14.9m Loss in Hiring Downturn
London-listed recruitment firm Robert Walters posts £14.9m operating loss, scraps dividend, and cuts 15% of workforce as revenue falls 12% to £781.1m amid cautious client sentiment.
Domino's UK Profits Drop 15% as Sales Struggle
Domino's Pizza Group reports a significant 15% decline in underlying profit before tax, falling from £107m to £91m, while total orders decreased by 0.9% in the year to December 2025.
Amber Energy Solutions Collapses, 138 Jobs Lost in Cardiff
Cardiff-based energy consultancy Amber Energy Solutions has entered administration, resulting in 138 redundancies. The firm faced cash flow issues despite strong 2024 revenues.
Tekmar Sees Record Orders Despite Revenue Drop
County Durham offshore engineering firm Tekmar reveals a slight revenue decline but highlights a record order book and strong progress under its Project Aurora growth strategy.
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M&S Introduces UK-Wide Pay Rise and Staff Benefits
Marks & Spencer announces a significant pay increase for UK store staff, with hourly rates rising to at least £13.41, alongside enhanced benefits including a 20% discount.
Scottish Brewery Closes All Sites, Axes 100 Jobs Despite Rescue
Innis & Gunn brewery will close all its locations, including three taprooms and its Perth facility, resulting in 100 job losses, despite a multi-million pound rescue deal by C&C Group.
Pagazzi Lighting Collapses into Administration, 11 Stores Shut
Pagazzi Lighting, a family furniture chain with 45 years of history, has entered administration, closing 11 stores and making 70 staff redundant due to rising costs and declining high street spending.
Refreshing Law Acquired by Lousha Reynolds
Employment law specialist Lousha Reynolds has acquired Refreshing Law, marking a new chapter for the Vale of Glamorgan-based firm as founder Anna Denton-Jones steps aside after more than a decade.
BrewDog and Pagazzi Collapse: 550+ Jobs Lost
Two major UK firms, BrewDog and Pagazzi Lighting, have entered administration this week, resulting in over 550 job losses as bars and stores close across the country.
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Cloud Nine Hairdryer Recalled Over Fire Risk
The Cloud Nine XDM 3600 Travel Dryer has been recalled due to a fire hazard from overheating. Customers are advised to stop using it immediately and return it for a voucher.
Metal Recycling Company Unimetals Enters Liquidation
Unimetals Recycling, a UK metal recycling company with 27 sites, has formally entered liquidation after shareholders voted to wind up the business. Joint liquidators have been appointed to oversee the process.
Admiral Posts Record Profit, Staff Get £1,800 Shares
Cardiff-based Admiral announces a 16% surge in pre-tax profit to £957.9m for 2025, with over 13,000 employees receiving free shares worth £1,800 each.
Vertu Motors Launches £10m Cost-Cutting Programme
North East motor retailer Vertu Motors reveals job losses and £10m efficiency drive to counter headwinds from UK Government's EV mandate, while reporting strong trading performance.
British Gas Pulls Misleading Heat Pump Ad After ASA Ruling
The Advertising Standards Authority has banned British Gas and Hive advertisements for overstating potential savings from heat pumps and solar panels, citing five breaches of advertising rules.
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Key Appointments and Promotions Across North East Companies (04.03.2026)
Several North East companies, including Different Narrative, Opencast, FW Capital, B7, Allan Brothers, and EMG Solicitors, have announced significant new hires and promotions this week, signaling growth and strategic expansion in the region's business sec
Deloitte Names Andrew Wright Senior Partner for South West and Wales
Professional services giant Deloitte has appointed Andrew Wright as its new practice senior partner for the South West and Wales, succeeding Dave Tansley. Wright, with nearly 30 years at the firm, will lead a team of 2,300 people.
FBC Manby Bowdler Acquires Jordans Solicitors in Black Country
Award-winning law firm FBC Manby Bowdler has acquired Jordans Solicitors, a Black Country practice, for an undisclosed sum, expanding the Adeptio Law Group's regional presence.
Dragons' Den Mead Firm Nidhoggr Goes Into Administration
Nidhoggr Mead Co, founded by a Dragons' Den entrepreneur, has entered administration despite celebrity endorsements and national retail listings.
Brewdog Closes 39 UK Bars After £33m Tilray Sale
Craft beer giant Brewdog will shut 39 UK bars, resulting in 484 job losses, following its £33 million acquisition by US consumer goods company Tilray Brands. Eleven sites, including in Birmingham, London, and Manchester, will remain open.
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Former CBI Boss Fairbairn Named HSBC UK Chair
Dame Carolyn Fairbairn, former director-general of the CBI, has been appointed as the incoming chair of HSBC UK, succeeding Dame Clara Furse after nine years of service.
UK Animation Studio Collapses, 82 Jobs at Risk
Wild Child Animation Ltd, a British animation company with a £5.7 million turnover, has entered administration, threatening 82 jobs. Administrators aim to sell the business within two weeks.
CMA Investigates Hilton, Marriott, IHG Over Information Sharing
The Competition and Markets Authority is investigating Hilton, Marriott, IHG and CoStar over potential sharing of commercially sensitive information via data analytics tools.
Newcastle Firm Appoints Interim CEO After Leadership Probe
Newcastle-based SkinBioTherapeutics has appointed Rachel Parsonage as interim CEO for six months following the resignation of former CEO Stuart Ashman amid an investigation into financial misrepresentation.
Yorks Coffee Empire Collapses: Birmingham Flagship to One Cafe
The dramatic fall of Yorks cafe chain leaves investors and staff reeling as debts exceed £750,000. Once hailed among world's best coffee shops, only Stratford branch remains open amid liquidation proceedings.
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UK Car Dealership Collapses, Creditors Face Loss
Car Station Suffolk Ltd, a small independent second-hand car dealership, has entered liquidation with no assets, leaving 17 creditors unlikely to recover over £50,000 owed.
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