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Several UK companies, including a leisure centre, have plunged into administration recently (Image: Getty)
A UK-based charity, a leisure centre and a transport company are just a few of the businesses which have collapsed into administration recently. Nearly every sector has suffered in the past few years, from hospitality to construction, making it hard for businesses to survive.
Occasionally, they are forced to call in administrators to take control of the financial distress. It’s then rescued, restructured, or parts of it may be sold. Here’s all of the recent administration news that you should be aware of.
Read more: Claire’s closes UK store with huge sale after plunging into administration
Read more: UK charity collapses into administration – owes £1.5m in tax
William Blake House
This charity, based in Towcester, Northamptonshire, has entered administration, according to the Charity Commission.
It was founded in 2001 to provide residential care, support and activities for young adults with learning disabilities.
The registered charity consists of four small care homes serving the developmental needs of adults with learning disabilities. An interim manager was appointed to take control and review the organisation’s financial position and governance structures.
At the time, the charity owed more than £1.5 million to HM Revenue and Customs (HMRC).
Fusion Lifestyle, a leisure centre operator, has entered administration (Image: Getty)
Fusion Lifestyle
The leisure centre charity, which operates 20 locations across the UK, has entered administration.
The charity said most of its local authority partners had agreed to a transition period and would support it through administration until a new operator was secured to manage the leisure centres.
However, it did confirm that Golden Lane Sports and Fitness Centre in central London, which features a 66×20-foot swimming pool, a sports hall, two tennis courts, a badminton court and a gym, would be closing in April.
St Lawrence College
The private school has closed with immediate effect for the majority of its 500 pupils after plunging into administration this week. Around 166 employees have been made redundant at the independent day and boarding school in Kent, founded in 1879.
The school taught children aged three to 18, but only Year 11 and Year 13 students will be retained so they can complete their studies for GCSE, BTEC and A-Level exams, with 44 staff kept on to support them.
Managers said it was hit by declining pupil numbers, the new Labour tax on school fees, rising operational costs, and economic uncertainty.
A trucking company has entered administration after being in business for four decades (Image: Getty)
Nighthawk
After 40 years in business, Nighthawk has entered voluntary administration.
The Australian trucking company went under owing ANZ almost $7.5 (£3.9) million and another $1.6 million (£839,376) to the Australian Taxation Office, according to Sky News Australia, and administrators from McGrathNicol were called in.
This comes about two years after Nighthawk was acquired by Western Australia-based Marlu Transport Solutions for $13 (£6.8) million.
