News

Rectella Ltd (in admin) T/A Julian Charles

Julian Charles, the national soft furnishings retailer, has appointed Marco Piacquadio and Alan Coleman, directors, FTS Recovery, as joint administrators. On appointment, Marco and Alan were able to immediately complete a sale of the Company’s business and assets to Great Bedding Co Ltd, rescuing a total of 230 of 251 jobs across more than 25 trading sites, plus separate concession sites.

The insolvency firm, a leading boutique restructuring practice in the UK, has completed the pre pack sale following an accelerated marketing process.

Marco Piacquadio, Director FTS Recovery, said: “As is typical when parachuted in, we were focused on seeking to rescue as many elements of the business as is possible, always front of mind being the position of the employees, consumers and other creditors and stakeholders. This was a relatively complex transaction with significant scale and the ability to move quickly was key. I am grateful to have achieved a really pleasing result given the circumstances and we wish the new owners and remaining staff and stakeholders the very best going forward".

Julian Charles is a national multi-channel retailer, offering a wide range of quality bedding, ready-made curtains, cushions, throws and home décor accessories. Founded in Lancashire in 1947, the company has 70 outlets across the UK and operates 41 stand-alone stores, plus concessions such as Boundary Mill and in leading garden centres. It employed over 250 staff.

In recent years the company has suffered a number of economic headwinds which have resulted in cash-flow difficulties and left it unable to meet all its current liabilities.

Aside from a significant drop in turnover, the company is mindful of the impact of the increasing tax burden, particularly those announced in last October’s budget, having a direct impact on its bottom line as a result of increasing employment costs.

Alan Coleman, Director FTS Recovery, said: “A devastating combination of rising costs and declining consumer confidence have hit the UK’s retail sector hard in recent years, Julian Charles included.”
CAPA have been appointed to carry out a Rates audit over the large retail portfolio.

Find out more
Sleep 8 Intrinsic Ltd (in admin)

Sleep.8, the global sleep technology brand, has announced an update to its retail footprint, with the closure of its UK store locations "as part of a broader strategic realignment across Europe".

Sleep.8 Intrinsic Ltd, the company's UK business, filed for administration yesterday. Frank Wessely and Richard Easterby of Quantuma Advisory are acting as the insolvency practitioners.

The decision follows a period of ongoing operational challenges in the UK, says Sleep.8, where the retail climate, particularly in London, has become increasingly cost-prohibitive: "While the company remains committed to its long-term vision for personalised sleep, current market conditions do not support continued retail investment in the UK."

As part of this transition, five of Sleep.8’s six stores in London were closed yesterday. The Thurrock location will remain open for four weeks to support final in-store purchases and facilitate an orderly clearance of inventory.

CAPA have been appointed to carry out a rates review and audit over the 6 stores.

Find out more
In the style fashion limited (in admin)

In The Style Fashion Limited, a Manchester-based online fashion retailer, has been rescued from administration through a pre-pack sale to Alps Sourcing Limited. FTS Recovery was appointed as administrators on March 10, 2025, and successfully negotiated the sale, saving 87 jobs. The company, known for celebrity-inspired fashion, had faced financial difficulties, including a period of troubled times following its peak valuation and subsequent delisting.
FTS have appointed CAPA to carry out an audit over the companies property portfolio.

Find out more
Pets & Friends

Kennelbak Limited, a Nottingham-headquartered wholesale supplier and distributor of pet food, entered administration on 3 July, with Kerry Bailey and Mark Thornton of BDO appointed as joint administrators.
The company, which was founded in 1974, was acquired by private equity firm Endless in 2017. Endless has since sold Kennelbak’s retail division, Pets & Friends, made up of 19 stores and 17 grooming salons, to PSR Trading. The reasons behind the administration have not been revealed. On their appointment, the joint administrators sold the Yakers dog chew brand to Asisi Pet Carevia a pre-pack deal.
CAPA have been appointed to carry out a property audit over the complete portfolio.

Find out more
Path Business Recovery t/a AMS Business Recovery Limited

Manchester based Path Business Recovery t/a AMS Business Recovery Limited has instructed CAPA to carry out a rates review over 136 new cases.

A big thank you to Phil Lawrence and his team at Path for these instructions and continued support from us at CAPA.

Find out more
CCM Motorcycles (UK) Ltd (in admin)

CCM has been placed into administration, after a difficult 2024 which saw output half to just 150 bikes. The move is a voluntary one by parent company Pitalia Capital, which bought into CCM in late 2021, with an injection of cash to help expansion and pass homologation tests. A post on the company’s Facebook page on 2nd June read: “A legendary name in UK bike manufacturing, known for their handcrafted machines and bold innovation, is now facing uncertain times.”

The news comes after months of uncertainty for CCM, which cut back its workforce to just 12 earlier this year, and suffered when Completely Motorbikes, one of its major dealers, closed its doors in October 2024. CCM was left with only eight dealers in the UK, and was forced to buy back stock. Always a small concern, the Bolton-based firm has had a sometimes roller coaster ride since it was set up by scrambles rider Alan Clews in 1971 to build off-road bikes based on an ex-BSA 500cc single. Against the odds, it survived more than one bankruptcy, a serious fire and the rise of two-stroke off-road machines. Is this the end for CCM? Time will tell.

The administrators KR8 have appointed CAPA to carry out a rates review over the companies properties.

Find out more
Levenseat Ltd (in admin)

Renewable energy company Levenseat has collapsed into administration.

Levenseat Ltd, based in South Lanarkshire, have called in administrators BDO.

The company has operated an energy-from-waste plant in the village of Forth since 2020.

Administrators BDO have appointed CAPA to audit the property portfolio.

Find out more
GB eye Limited (in admin)

GB Eye Limited, a poster manufacturer based in Barnsley, fell into administration last week, appointing Robert Dymond, Kris Wigfield and Phil Stone of Begbies Traynor as joint administrators. CAPA have been appointed to carry out a full property audit over all premises occupied by the company.

In accounts for the year to December 31 2023, the company reported turnover of around £9.4 million, up slightly from £9.2 million a year earlier, but saw its post-tax losses widen from £2.1 million to £3.6 million.

Find out more
B Taylor & Sons Transport Ltd (in admin)

A haulage company in Nottinghamshire has gone into administration after 50 years of trading, with the majority of its staff made redundant.

B Taylor & Sons Transport Limited, based in Sutton-in-Ashfield, filed a notice of intent on Friday, with Benjamin Peterson and Danny Dartnaill of accountancy firm BDO confirmed as joint administrators on Monday.

The company, founded in 1974, has ceased trading with "immediate effect", BDO said.

In a statement, the administrators said B Taylor & Sons had been "negatively impacted by sector-wide issues", including reduced demand and cost inflation.

BDO have appointed CAPA to carry out a property audit over the various depots.

Find out more
Malpas Tractors (in admin)

Welsh farm machinery dealer Malpas Tractors has gone into administration following cash difficulties and the recent death of its managing director.

The Wrexham-based business has been operating from 8 depots across Denbigh, Cheshire and Lancashire, offering machinery from brands such as New Holland, Kuhn, and Bomford.

Malpas Tractors employed 69 staff.

Joint administrators Patrick Lannagan and Richard Hough from Forvis Mazars have appointed CAPA to carry out a rates audit over the property base.

Find out more