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In October 2018, the company that owned UNILAD went into administration, with owners Harrington and Bentley having incurred debts of £6.5 million and owing taxes of £1.5 million. [25] A day later, managing director John Quinlan denied reports that it had gone into administration, saying the brand is "doing better than ever" and that he was ...
The company's finance directors concealed large debts. MG Rover Group: United Kingdom: 15 April 2005: Automobiles: After diminishing demand, and getting a £6.5m loan from the UK government in April 2005, the company went into administration. After the loss of 30,000 jobs, Nanjing Automobile Group bought the company's assets. Bayou Hedge Fund Group
e. As a legal concept, administration is a procedure under the insolvency laws of a number of common law jurisdictions, similar to bankruptcy in the United States. It functions as a rescue mechanism for insolvent entities and allows them to carry on running their business. The process – in the United Kingdom colloquially called being "under ...
The company announced that its British arm was entering administration (similar to bankruptcy protection in the U.S.) on Monday, just a week after it received a notice from Nasdaq, the U.S.’s ...
Interserve was a British construction and support services business based in Reading, Berkshire, which went into administration in 2019 and was formally wound up in 2022. In 2019 the group generated revenue of £2.2 billion and had a workforce of 34,721 people. The company was founded in 1884 as the London and Tilbury Lighterage Company Limited.
Aquascutum was established in 1851, the year of the Great Exhibition, when tailor and entrepreneur John Emary opened a high quality menswear shop at 46 Regent Street. In 1853, after succeeding in producing the first waterproof wool, he had his discovery patented and renamed the company 'Aquascutum', Latin for 'watershield'. [3]
Harveys Furniture was established in the United Kingdom in 1966, [ 2] with its first store opening in Mare Street, East London. It began as a private company, selling textiles and home furnishings. In 2003, Harveys made the decision to move to a furniture only business, removing all textiles from their product portfolio.
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