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The number of companies in Scotland filing for administration has hit its highest Q1 rate since before COVID-19, with Building & Construction companies among the sectors most impacted.
Monese, which has two million customers, is working with Interpath Advisory on plans to split itself into two independent companies as it tries to break even, Sky News learns.
There were 43 administrations across the Midlands in Q1 2024
Hundreds of items of printing, post-press and ancillary kit from the shuttered Communisis sites in Leeds and Liverpool will go up for auction later this month.
HSBC-backed technology company Monese - which was in talks to raise funding at a valuation of over £1bn four years ago - is reportedly set to break itself up amid mounting losses.