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Over the past week or so, a number of UK businesses have sadly gone into administration. Among those recently forced to take this step are a well-known golf club, a Chinese food supplier and a construction company.
Entering administration means the day-to-day operations of the business and control of its assets are temporarily handed over to an administrator. Efforts can then be made to rescue all or parts of the company, though this sometimes is unsuccessful, resulting in redundancies for staff.
Here's a roundup of some recent developments you may have missed.
Situated just 20 minutes from Leicester city centre, this golf club - which had been trading for 35 years - has gone into administration.
It features a "magnificent 18 hole Championship Golf Course, a floodlit 20 bay cutting edge driving range with Trackman Range Technology, a three bay Golf Simulation Suite with further leisure facilities, an 18 hole Adventure Golf Course, a brand new fully equipped Gym and Studio, and a trendy lounge bar and restaurant".
It remains open as normal and is anticipated to be put on the market "in due course".
This family-run business that's been supplying Chinese food to restaurants throughout the UK for decades has fallen into administration. The firm operates from Maidstone Road in Swanley, Kent, and has been trading since 1984.
Founders Mr and Mrs Minh launched their business from their kitchen, before expanding into a restaurant and subsequently a manufacturing operation.
They also supply products throughout the UK and EU, to oriental wholesalers who then distribute to supermarket chains and restaurants.
A Bristol -based construction firm specialising in new build homes has also collapsed into administration. The company has been trading for more than a century.
The business had projects underway in Orchard Way, Henley Way, Knapp Hill, and Upper Conygre. A description of the firm on their LinkedIn page states: "At Flower & Hayes, we share one overriding passion, which is quite simply to be the best, be it Residential, Commercial or Industrial.
"You can be sure if it's a Flower & Hayes development, it has been constructed to exacting standards using traditional skills and the best quality of materials available."
After just three years of trading, Hampshire-based Urban Powerboat Services Limited has gone into administration.
On its website, Urban Powerboats describes itself as a British manufacturer of high-performance boats, stating it aims to deliver quality craftsmanship, advanced engineering and bespoke customisation for customers. The firm also claims its team has decades of combined experience in the marine industry.
No explanation for the administration has been provided.
Finally, this electrical firm has entered administration after almost two decades, with all 40 jobs sadly lost. The director stated the business confronted "insurmountable challenges" as expenses rose and financial strain intensified.
It specialised in electrical fit-out work for clients in the leisure, hospitality, retail, and automotive sectors.
The company installed electrics across Glasgow venues, including the Hard Rock Cafe.
All businesses have been contacted for comment.
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