The Greater Manchester firms forced to call in administrators
Nearly 100 companies across Greater Manchester have entered administration in 2026, with 93 firms calling in administrators as of April 26, representing a significant rise in business failures attributed to rising national insurance contributions, cost-of-living pressures, and economic uncertainty.
Almost 100 Greater Manchester firms enter administration in 2026
Nearly 100 companies across Greater Manchester have been forced to call in administrators so far this year, official figures show. Since the start of January, 93 businesses have entered administration across the region, peaking at 45 in January and dropping to just nine in April as of April 26.
Rising national insurance contributions, the ongoing cost-of-living crisis, and an uncertain financial outlook for the UK have driven many firms to close their doors. Tom Russell, president of R3, the UK’s restructuring, insolvency and turnaround trade body, said: “A company is insolvent when it doesn’t have enough money to pay its debts or outgoings when they are due. One option open to an insolvent company is to enter administration. This involves the appointment of a licensed insolvency practitioner as administrator to take control of the business.”
Russell explained that the administrator’s primary objective is to save the company as a going concern, but if that is not possible, they can sell parts of a business or other assets “to fulfil their duty to achieve the best possible outcome for creditors in what are often complicated and difficult circumstances.” The affected companies span sectors from hospitality and manufacturing to retail, including well-known names such as Revolution Bars, The Original Factory Shop, and Beauty Bay.
Source: Read original article