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Tangelo Management Limited t/a Grange Bakers
Tangelo Management Limited trading as Grange Bakers has entered into a CVL with Leonard Curtis Recovery Ltd appointed as liquidators.
Cumbrian business Grange Bakery has closed permanently, shutting all four of its shops due to the ‘current economic climate’, according to a post on the company’s website.
It operated four shops in the region on the edge of the Lake District serving up a range of sweet and savoury baked goods ranging from sourdough to celebration cakes, pastries, and more.
CAPA will carry out a rates audit over the outlets.
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Troy UK Ltd (in admin)
Administrators Paul Berkovi and Mark Firmin of Alvarez & Marsal have been appointed to Troy UK Ltd the UK's largest independent network for tools and maintenance supplies.
Troy's focus was on helping its members - independent distributors of tools, maintenance and industrial supplies - go head-to-head with the national chains; empowering them to maximise their business potential via its national buying power, business support services, expertise and technology solutions.
The business was launched in Bideford, Devon in 1986, when it secured its first supplier agreement with the Dormer brand. The business established its first wholesale arm - Trojan - in 1990, and in 1998, moved to a new headquarters in Barnstaple. In 2000, Troy's supplier base expanded to include Makita and Bosch and in 2010, the business became privately owned.
By 2014, the business had over 140 members, expanding to over 200 in 2016 and more than 300 in 2018, the year in which Troy acquired rival buying group THS. Troy moved its head office to Exeter in 2019 and the following year, acquired data management company EZ-base.
Membership had increased to 350 organisations in 2022, when it acquired supplier platform Applegate. The company website states that by 2023, Troy's membership comprised of 450+ UK independent distributors of tools, maintenance and industrial supplies, with turnover of £260 million.
CAPA have been appointed to carry out a property audit over the 4 properties occupied by the company.
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Steel Dynamics Ltd (in admin)
Blackburn based Steel Dynamics, the UK's leading stainless steel stockholder and processor, has been placed into administration.
Joint administrators Jason Bell and Philip Stephenson from Grant Thornton Manchester office have been appointed with CAPA appointed to review the NDR rates on the 4 properties occupied by the company.
R3 2025
CAPA are very proud to be main sponsor of 2025's R3 Annual Conference.
The conference theme is ‘Embracing change – shaping the profession to be fit for the future’ and the conference programme will explore how we can embrace, harness and drive change to shape the profession.
The R3 Annual Conference 2025 will be held on 7th-9th May in St. Julian's, Malta.
More information on the conference can be found on R3 Website
The 500 Club
CAPA are proud to be joint hosts of the 500 club. The 500 Club is a series of informal networking events. The invitation-only events are held throughout the year at locations across the UK, including London, Manchester, Birmingham, Leeds, Glasgow, Bristol and others.
The 500 Club events bring together like-minded professionals from the legal, insolvency, finance and property sectors (and more) for drinks, nibbles and, most importantly, good conversation. Typically, you can expect to meet lawyers, insolvency practitioners, lenders and related professionals at The 500 Club events. The 500 Club - Networking events - ESA Risk