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Categories: business recovery

Administrators are ‘thrilled’ as Stanton Bikes Limited avoids closure after the business and assets are successfully sold

Administrators are ‘thrilled’ as Stanton Bikes Limited avoids closure after the business and assets are successfully sold

After entering administration on 11th November 2022, Derbyshire-based bicycle manufacturer and retailer Stanton Bikes Limited has sold its business and assets as a going concern to Stanton Bicycles Limited, a new company owned by Daniel Stanton.
Stanton Bikes Limited is well-regarded both nationally and internationally within the biking industry for designing, manufacturing, and selling hardtai

Dean Nelson, Head of Business Recovery and Insolvency at PKF Smith Cooper

UK companies continue to face challenges as insolvencies more than double in January 2022

January 2022 saw yet another rise in the number of corporate insolvencies, as UK companies continue to face a number of challenges on the back of the Covid-19 pandemic.
According to recently published Government data, 1,560 company insolvencies were registered in January 2022, more than double the number in the January 2021 (758). This figure is up 4.8% from 1,488 in December 2021, but similar

Michael Roome, Partner and Insolvency Practitioner at Smith Cooper

The insolvency and restructuring profession saves almost 300,000 jobs and over 7,000 companies annually, with £1.82bn returned to creditors

A recent survey conducted by R3, the insolvency and restructuring trade body, concluded that in 2019, the insolvency and restructuring profession rescued 297,000 jobs, saved 7,200 companies and returned a combined £1.82bn to creditors in corporate and personal insolvency cases, shining a spotlight on the profession and the influence it has within the UK economy.
Tasked with helping companies ca

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We offer a holistic range of services, delivered by our highly experienced and well trained team of experts, many of which have big 4 backgrounds. These dedicated experts are able to offer you solutions and services designed specifically for your organisation to make a real difference.

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