Immigration law firm put up for sale on insolvency market amid visa crackdown Legal A London law firm specialising in immigration services has been put up for sale on an insolvency marketplace in an early sign the government’s crackdown on visas has sparked a slump in applications. Woolwich-based A Vincent Solicitors, which employs more than two dozen staff and has a second office in Manchester, offered multi-lingual support services [...]
Recession fears as insolvencies creep up amid construction woes Economics The number of insolvencies crept up in October, official data has shown, amid further pressures on the construction industry and worries that Budget measures may sound the death knell for struggling companies. Data released by the Insolvency Service showed a 1.7 per cent month-on-month rise in insolvencies. On a year-on-year basis, official numbers show insolvencies [...]
Nik Storonsky-backed Robin AI seeks rescue buyer after fundraise falls short Tech An AI business backed by the likes of Revolut co-founder Nik Storonsky is seeking a rescue buyer after its fundraising ambitions fell short, City AM can reveal. London-based legal firm Robin AI has been put up for sale on an insolvency marketplace – meaning its future could be in doubt if a buyer is not [...]
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 [...]
David Beckham’s former esports team owes millions after closure September 10, 2025 Creditors of an esports company initially backed by David Beckham are set to be left out of pocket to the tune of more than £2m after the firm went out of business. Guild Esports, which owns a multi-story gaming venue in Shoreditch, officially entered voluntary liquidation earlier this month after first being put up for [...]
Tax crackdown drives rise in compulsory liquidations August 19, 2025 Company directors are “feeling the impact” of HMRC’s crackdown on unpaid taxes as compulsory liquidations spiked by 11 per cent in the year to July 2025, official data has shown. More bosses wound up their businesses last month than had done so in June, with creditors’ voluntary liquidations still driving insolvencies across the UK. But [...]
Labour lines up advisers for Thames Water administration August 12, 2025 Labour ministers have reached out to top insolvency practitioners in the scenario Thames Water falls into special administration, it has been reported. The UK’s largest water company is at a crisis point after private equity giant KKR pulled out of a multi-billion pound investment deal that could have offered it a lifeline given Thames Water [...]
Simmons: Bar chain owed millions to OakNorth, tax collectors before entering administration August 6, 2025 Simmons owed millions of pounds in debts to OakNorth bank and tax collectors before it was put into administration, fresh corporate documents have revealed. The London-based cocktail bar chain has made at least 30 staff redundant alongside closing several sites as founder Nick Campbell battled to secure rescue funding to buy the company in a [...]
Y-Combinator-backed agritech Supplant put up for sale after plunging into administration August 5, 2025 An agritech firm backed by the likes of Y-Combinator has been put up for sale after being plunged into administration, City AM can reveal. Cambridge-based Supplant, which had raised more than £25m in funding since launch, is now searching for a rescue buyer and will accept offers over just £2.5m, according to an insolvency marketplace [...]
London cocktail chain Simmons enters administration amid site closures August 5, 2025 London cocktail chain Simmons has entered administration after announcing plans to close at least four sites as it became the latest victim of the immense cost pressure facing hospitality firms. The upmarket bar group, which had operated more than 20 venues across the UK, has appointed advisory firm Kroll to oversee the administration, company filings [...]