Real estate firms going bust at record rate as property market slumps Property Real estate companies are going bust at the fastest rate seen in a decade, City AM can reveal, in a further sign that the UK’s property market is taking a battering. As many as 762 real estate-related businesses have become insolvent in the UK since the start of the year, a City AM analysis of [...]
Gone for good: UK distributor behind Take That film goes bust Media The London-based distributor behind the Take That musical film has gone bust, City AM can reveal, in the latest sign of the intense cost pressures facing the industry. Elysian Film Group Distribution is part of the wider Elysian umbrella, founded by former Studiocanal chief Danny Perkins in 2018. FRP Advisory has been appointed as liquidators [...]
Tech firm behind in-store ads at Currys and Iceland goes bust Retail The firm that provides high street giants Currys and Iceland with in-store digital advertising has declared insolvency, City AM can reveal. Software company Stratacache announced its winding-up of its UK operations and appointed liquidators on Wednesday, according to insolvency filings. This comes only months after the US digital screen specialist partnered with budget supermarket giant [...]
Trapstar: London clothing brand put up for sale on insolvency marketplace May 13, 2026 A London clothing brand that has been worn by the likes of Jay Z and Rihanna has been put up for sale on an insolvency marketplace, City AM can reveal. Trapstar, which sells luxury streetwear popular with young people, is seeking a buyer to help meet working capital challenges. The brand, which was founded in [...]
‘Relentless pressures’: More hospitality firms forced to shut even before Iran war April 17, 2026 The rate of corporate collapse in hospitality surged in February in signs the sector was struggling to stay afloat even before the Iran war brought further cost pressures. The number of accommodation and food service firms declaring insolvency jumped by 22 per cent to 270 in February, according to government data. This acceleration of the crisis [...]
MFS software platform put up for sale after lender’s collapse April 7, 2026 A software platform developed for Market Finance Solutions has been put up for sale by administrators following the lender’s collapse, City AM can reveal. The software, which has been designed to be used in conjunction with Salesforce, was built as an “automated lending platform” including sales, underwriting and ‘KYC’ identity checks for new customers. “The [...]
Private credit firm exposed after cosmetics retailer plunges into administration April 7, 2026 A private credit firm has been forced to write down the value of one of its portfolio companies after online retailer Give Me Cosmetics was placed into administration. London-based Beechbrook capital, which offers finance to lower mid-market British businesses, had lent around £6.5m to fund the acquisition of Give Me Cosmetics in April 2024, in [...]
Nearly 600 jobs to go as Revolution Bars rescue deal shuts over 20 sites January 27, 2026 Nearly 600 jobs are set to be wiped out after a last-minute rescue deal to acquire the group behind Revolution Bars will see more than 20 sites closed with immediate effect. Administrators for Revel Collective, the AIM-listed hospitality group which also owns the Peach pubs chain, said two separate deals had been reached to sell [...]
Hundreds of hospitality firms close as cost pressures take toll January 26, 2026 The “relentless” increase in operating costs put hospitality businesses under increasing pressure in the final quarter of last year, industry figures suggest. According to consumer intelligence firm NIQ, there were 382 fewer licensed premises at the end of December than there were three months prior, equivalent to four closures per day. Casual dining sites and [...]
Sally Clarke’s Notting Hill bakery put up for sale after suffering losses January 16, 2026 A bakery business owned by seasoned restaurateur Sally Clarke has been put up for sale on an insolvency marketplace after suffering losses, City AM can reveal. The Notting Hill Bakery, which employs dozens of staff and makes nearly £6m per year selling artisan breads, cakes and cookies, is seeking buyers for all or part of [...]