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Administration

  • Exclusive: Cleo founder Hussey-Yeo to head fan bid for Sheffield Wednesday

    October 27, 2025

    The founder of fintech unicorn Cleo, Barney Hussey-Yeo, has offered to front a bid to buy struggling Championship club Sheffield Wednesday, City AM can reveal. The Sheffield-born data scientist will invest his own capital as part of a bid that would involve other wealthy Owls fans, as well as the wider community if necessary, to [...]

  • Sheffield Wednesday: What happens next as administrators called in?

    October 24, 2025

    With Sheffield Wednesday filing for administration on Friday, what happens next for the Owls? The club – who are bottom of the Championship – have received a 12-point deduction from the EFL, with the governors of England’s second league saying this step “presents Sheffield Wednesday with the opportunity to move matters towards a successful sale [...]

  • Sheffield Wednesday enter administration owing £1m in unpaid tax

    October 24, 2025

    Struggling Championship club Sheffield Wednesday have filed for administration amid mounting financial issues under the stewardship of Dejphon Chansiri. Thai tuna tycoon Chansiri has owned the Hillsborough club for a decade but the Owls have been under pressure to pay staff for a number of months, and reportedly owe around £1m in unpaid tax to [...]

  • Bodycare: Creditors to lose millions after retailer’s collapse

    October 21, 2025

    Bodycare owed more than £30m when it collapsed into administration with the loss of around 1,400 jobs, it has been revealed. The high street health and beauty retailer fell over in September with an initial 32 stores closed and around 450 employees being made redundant. That move was followed a few days later when it [...]

  • Billionaire Issa brothers’ zero-emission truck start-up saved

    October 13, 2025

    A Scottish zero-emission vehicles company backed by the billionaire Issa brothers has been saved in a pre-pack administration deal. Opus Restructuring was appointed to oversee the process at Glasgow-based Hydrogen Vehicle Systems (HVS) after the business faced a winding up petition earlier this month. It also faced a winding up petition in October 2024. The [...]

  • Mahmud Kamani-backed vertical farm collapses after failing to find a buyer

    October 3, 2025

    A vertical farming group backed by the likes of Boohoo co-founder Mahmud Kamani has collapsed after being unable to find a buyer, owing creditors nearly £8m. London-based Vertical Future had raised more than £37m in capital since it was founded in 2016, courting high-profile investors including Kamani, Charles Tyrwhitt founder Nick Wheeler and World First [...]

  • Modella and HMV owner compete for Claire’s Accessories

    September 8, 2025

    Modella Capital, the investor behind WH Smith’s UK acquisition the man responsible for rescuing HMV are locked in a battle to buy struggling high street chain Claire’s. Claire’s appointed administrators for its UK arm in August, just a week after it filed for bankruptcy in the US and entered administration in France. The company had been considering [...]

  • Bodycare: Full list of stores to close as 450 jobs lost

    September 5, 2025

    High street health and beauty retailer Bodycare has collapsed into administration with the loss of 32 stores and around 450 jobs being made redundant. Nick Holloway, Chris Pole and Mike Leeds from Interpath have been appointed joint administrators to G.R. & M.M. Blackledge plc, which trades as Bodycare. Founded in 1970 on a market stall [...]

  • Seraphine: Princess of Wales’ favourite owed a king’s ransom

    August 15, 2025

    Seraphine, the maternity fashion retailer whose clothes were worn by the Princess of Wales, owed over £33m as it collapsed into administration before being rescued. The business ceased trading and entered administration in July with consultancy firm Interpath appointed to oversee the process. The move led to the majority of its 95-strong staff being made [...]

  • Claire’s on the verge of collapse with over 2,000 jobs at risk

    August 13, 2025

    Claire’s, the high street fashion accessories chain, is on the brink of collapse after revealing its intention to appoint administrators in the UK and Ireland in a move which would put over 2,000 jobs at risk. The business, which has 278 stores in the UK as well as a further 28 in Ireland, filed a [...]

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