A UK-based charity, a leisure centre and a private school are among the businesses which have entered administration recently – here’s the full list
A UK-based charity, a leisure centre and a transport company are amongst the businesses that have recently fallen into administration. Almost every industry has struggled over recent years, from hospitality to construction, leaving firms fighting for survival.
Sometimes, they’re left with no choice but to appoint administrators to manage the financial crisis. The business is then either rescued, reorganised, or sections of it might be sold off. Here’s all the latest administration developments you need to know about.
William Blake House
This Towcester, Northamptonshire-based charity has gone into administration, the Charity Commission has confirmed.
Established in 2001, it was set up to deliver residential care, support and activities for young adults with learning disabilities, reports the Express.
The registered charity operates four small care homes catering to the developmental requirements of adults with learning disabilities. An interim manager was brought in to assume control and assess the organisation’s financial situation and governance frameworks.
The charity was indebted to HM Revenue and Customs (HMRC) for over £1.5 million at that point.
Fusion Lifestyle
The leisure centre operator, running 20 sites nationwide, has gone into administration.
The charity stated that the majority of its local authority partners had accepted a transition period and would back it through administration until a new operator could be found to run 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 shut its doors with immediate effect for the vast majority of its 500 pupils after falling into administration this week. Approximately 166 members of staff have lost their jobs at the independent day and boarding school in Kent, which was established in 1879.
The school educated children aged three to 18, however only Year 11 and Year 13 pupils will remain so they can finish their GCSE, BTEC and A-Level examinations, with 44 members of staff retained to support them.
Those in charge cited dwindling pupil numbers, Labour’s new tax on school fees, mounting operational costs, and economic uncertainty as contributing factors.
Nighthawk
Having traded for 40 years, Nighthawk has entered voluntary administration.
The Australian haulage firm collapsed owing ANZ almost $7.5 (£3.9) million and a further $1.6 million (£839,376) to the Australian Taxation Office, according to Sky News Australia, with administrators from McGrathNicol subsequently appointed.
This follows roughly two years after Nighthawk was purchased by Western Australia-based Marlu Transport Solutions for $13 (£6.8) million.
