Twelve Greater Manchester businesses called in administrators in June, including dental practice and real estate firm
More than 100 companies across the region have entered administration so far this year, with experts warning that rising costs, political uncertainty and a lack of affordable finance are driving firms into distress.
On this page(2)
A total of 12 companies across Greater Manchester were forced to call in administrators in June, including a dental practice in Sale and a real estate business on Pomona Island.
More than 100 companies in total across the region have called in administrators so far this year, with the number peaking in January at 45.
Nationally, the number of registered company insolvencies across England and Wales was 1,868 in May, 10% lower than April and 16% lower than May 2025.
What do the experts say?
Robert Young, restructuring and insolvency partner at Azets, said: "Geopolitical issues, increases in costs, political uncertainty, a lack of affordable finance and creditors chasing overdue debts in an attempt to pay their own bills are just some of the issues that are driving firms into financial distress."
He added: "Unless the climate becomes easier and some way is found of lightening the cost load on businesses, it's likely demand for advice and support will remain high in the coming weeks and months."
Tom Russell, president of R3, the UK's restructuring, insolvency and turnaround trade body, explained: "The administrator has the primary objective of saving the company as a going concern, but if that is not possible, they can also sell parts of a business or other assets to fulfil their duty to achieve the best possible outcome for creditors."
Which businesses were affected?
The 12 companies that entered administration in June were: Medical, Health and Education Ltd (registered in Manchester), Aquapak Polymers Ltd (registered in Manchester, trading in Birmingham), Welink Energy Portugal 2 (UK) Limited (registered in Spinningfields), Pegasus Warehousing and Fulfilment Ltd (registered in Oldham), Pym and Wildsmith (Metal Finishers) Limited (registered in Manchester), X1 Manchester Waters Limited (trading at Pomona Island), B Womack Furniture Limited (registered in Failsworth), Smile Manchester Ltd (dental practice, registered and trading in Sale), Business Rates Hub Limited (registered in Bury), Regency Factors Limited (registered in Bury), Regency Trade Finance Limited (registered in Bury) and Isosceles DM 123 Limited (registered in Manchester).
Frequently Asked Questions
- How many Greater Manchester businesses have entered administration this year?
- More than 100 companies in the region have called in administrators so far this year, with a peak of 45 in January alone.
- Why are so many businesses facing financial distress?
- Industry experts cite rising costs, geopolitical issues, political uncertainty, and a lack of affordable finance as key pressures on companies.
- What happens when a company enters administration?
- An insolvency practitioner takes control with the primary goal of saving the business. If that fails, they may sell assets to repay creditors.