Last month, the High Court put British Steel into compulsory liquidation following the failed rescue talks between Greybull Capital (a private equity firm) and the UK government.
Jamie Oliver’s restaurant group, including Jamie’s Italian, Fifteen and Barbecoa, has gone into administration.
Having gone into administration last year, Toys R Us is still not yet out of the woods. Recent reports suggest that large legal bills still remain outstanding.
An increasing number of law firms are becoming insolvent due to tighter funding options.
A Supreme Court ruling means that HMRC (the government body responsible for collecting taxes) is set to receive £1 billion in taxes over the Lehman Brothers collapse back in 2008.
Following its failure to secure funds from investors, Wow Air ceased operations and cancelled all its flights on the 28th of March.
After failing to find new financial backers, upmarket fashion chain LK Bennett (frequented by the likes of Kate Middleton and Theresa May) has collapsed into administration. The administrator is now tasked with gathering together the assets of the company to sell, and redistributing the proceeds among the company’s creditors (lenders).