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Latest insolvencies

• Triffitt Trailers
  31 August 2010
  Farm equipment company Triffitt Trailers UK Limited has gone into administration. A statement issued by the Yorkshire outfit said that Andrew Nichols and John Butler of Redman Nichols Butler, Driffield, had been appointed joint administrators. "The company will continue to trade under the supervision of the administrators while the business and assets are marketed for sale," the statement concluded. The company employs 10 staff.
  Firm: Redman Nichols 
• Realtime Worlds
  18 August 2010
  Scottish games company Realtime Worlds has gone into administration putting hundreds of jobs at risk. The company, founded by the creator of Lemmings and Grand Theft Auto, employs about 250 people and was seen as one of the biggest players in the global computer games market. Some 60 employees were made redundant last week after the firm's latest offering, an online role-playing game called APB, failed to make the splash expected of it. The announcement came in the wake of the UK government's decision to cancel a tax break for the gaming industry, as part of its budget focus on tax increases and spending cuts. Begbies Traynor have been appointed as joint administrators Paul Dounis, of administrators Begbies Traynor, said: "Our intention is to continue trading the company while we attempt to find a going concern buyer which will safeguard the future of the business."
  Firm:
• Isle of Shuna
  12 August 2010
  Seafood processor Isle of Shuna has fallen into the hands of administrators after the directors were unable to find enough working capital. The Shetland-based company was established in 2005 and has been involved in the harvesting, processing and marketing of fresh mussels. PricewaterhouseCoopers has been appointed administrators, and said it offered an opportunity for an industry player to step in. Joint administrator Graham Frost said: "Isle of Shuna has grown successfully over the years and is well regarded by customers. The business had encountered cash flow problems in recent months. The board have since reluctantly concluded that without additional working capital and investment this path is no longer feasible on a standalone basis."
  Firm: PricewaterhouseCoopers LLP 
• Fountain Coffee Shop
  9 August 2010
  Begbies Traynor has been appointed liquidator of Portsmouth's long-established Lemon Sole restaurant. The owner company, Fountain Coffee Shop, was forced into liquidation following a difficult period for the restaurant which has seen a steady decline in custom over the last four years. Senior manager at Begbies Traynor Portsmouth Andrew Watling says: "The shift in Portsmouth's corporate community away from the city centre has played a significant role in the restaurant’s collapse."
  Firm:
• Callbridge Hotels
  2 August 2010
  A hotel company has been placed into administration for the second time. Callbridge Hotels, which has two properties in Leicestershire and Somerset, is now under the control of administrators at Deloitte, who hope to sell the group as a going concern. Prior to being placed into administration for the first time, the company ran nine former Folio Hotels. Callbridge currently operates the 112-bedroom Redwood Hotel & Country Club near Bristol, as well as the 48-bedroom Westfield Hotel in Blaby, Leicestershire, both of which are former Folio properties. Lee Manning, partner at Deloitte, said the high property lease costs inherited from the peak of the property market and a reduction in consumer demand had led to the company's downfall. The administrators added that from the initial interest they had received, a sale was anticipated "shortly".
  Firm: Deloitte LLP