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Administrations rise by 41% amid surge in new year high street failures
Retail and hospitality company administrations increased to 151 in January, a 41% rise month-on-month, driven by rising costs and weak consumer demand, official data shows.
- Insolvency Service figures show company administrations rose 41% month-on-month to 151, hitting UK high-street retail and hospitality firms including TGI Fridays, Claire's, The Original Factory Shop, Quiz, Russell and Bromley and The Revel Collective.
- Rising costs squeezed firms, with retail and hospitality firms hit by soaring wage costs and subdued consumer spending, while UK business rates reforms will push rates higher this April.
- A pre‑pack rescue for TGI involved its assets being sold to a Sugarloaf subsidiary, but administrators closed 16 restaurants, causing 456 affected employees to lose jobs.
- Thousands of jobs have been affected as a swathe of retail and hospitality administrations recently hit the high street, while many other firms remain uncertain as administrators have yet to announce deals.
- Kroll's Sarah Rayment warned that the key question is if distress will rise given pressures, while inflation has steadied and markets expect interest rate cuts this year.
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UK business administrations jump 41 per cent in 2026 with 150 retail and hospitality companies insolvent
Business administrations across the United Kingdom rose by 41 per cent in January, with 151 companies entering insolvency proceedings, according to official figures.Data from the Insolvency Service showed the total was also 14 per cent higher than in the same month last year.Several well‑known retail and hospitality brands have entered administration since the start of 2026, including TGI Fridays, Claire’s, Russell & Bromley and The Original Fac…
·London, United Kingdom
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Total News Sources5
Leaning Left2Leaning Right2Center1Last UpdatedBias Distribution40% Left, 40% Right
Bias Distribution
- 40% of the sources lean Left, 40% of the sources lean Right
40% Right
L 40%
C 20%
R 40%
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