The corporate constructed home and business areas.
A Northampton building firm has gone into liquidation (Picture: Getty)
A UK building agency that has been in enterprise for seven years has collapsed into liquidation. Euro Prime Lux Ltd, based mostly in Northampton, was began in 2019 by Dumitru Sava
It constructed home and business buildings, in response to Corporations Home. The agency went into obligatory liquidation on February 6 and liquidators have been appointed yesterday (Might 27). Obligatory liquidation is a authorized course of the place an bancrupt firm is forcibly shut down by a courtroom order. It’s usually initiated by collectors who’re owed greater than £750 and might show the enterprise is unable to pay its money owed. The courtroom then appoints an Official Receiver to liquidate the corporate’s belongings to repay money owed. Gareth Howarth and Philip Lawrence of AMS Enterprise Get better in Manchester have been appointed as liquidators.
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The corporate has been in enterprise since 2019 (Picture: Getty)
This comes after UK enterprise administrations surged by 41% in January 2026, pushed by high-street failures, rising wages, weaker shopper spending, and better working prices.
Official Insolvency Service statistics present 151 corporations entered administration in January, representing a 14% improve in comparison with January 2025. By late February, insolvency charges remained elevated with vital retail and hospitality pressures.
Sarah Rayment, managing director and world co‑head of restructuring at Kroll, stated: “The important thing query at this level within the yr is whether or not misery and insolvencies will proceed to rise given the pressures going through UK companies. The truth is that each sector will face headwinds this yr.”
Todd Davison, managing director at Purbeck Insurance coverage Companies, stated enterprise failures may also have an effect on firm administrators personally.
“Many administrators can have signed private ensures to safe loans, overdrafts or commerce finance,” he stated, warning that failed ensures can put private belongings, together with property and financial savings, in danger.
Different manufacturers which have lately gone into administration embody Nationwide Automobile Parks (NCP), which has been in enterprise for nearly 100 years, and Denby Pottery, which has been buying and selling since 1809 and is thought worldwide.
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