UK drinks company and 3 more huge businesses plunge into administration

UK drinks company and 3 more huge businesses plunge into administration A drinks, crisp, swimwear and engineering company have all entered administration, with rising costs among the factors cited for the failures and more than 75 jobs at risk. The number of UK businesses entering administration and shutting their doors at the start of the year was remarkably high. As we edge closer towards the end of 2026, there appears to be no sign of company administrations slowing down. Administration is a legal procedure in which an administrator is brought in to attempt to rescue an insolvent company, often involving restructuring and the disposal of some of the firm's assets. Companies have cited rising costs, growing financial pressures, and difficult trading conditions as the primary drivers behind their decisions. Here is a roundup of the latest businesses to have fallen into administration, including a major crisp brand, a well-known drinks company, a luxury swimwear label, and an engineering firm that has been trading for two decades. Ensure our latest company administration and closure headlines always appear at the top of your Google Search by making us a Preferred Source. Click here to activate or add us as Preferred Source in your Google search settings Amber Beverage Group UK Leading UK alcohol distributor Amber Beverage Group UK has collapsed into administration after 27 years in business. It has been confirmed that over 25 members of staff have lost their jobs. The company, which was founded in 1999, supplied wine and spirit brands to major retailers including Tesco, Asda, Sainsbury's, Waitrose, and Co-op. Official public records reveal that Amber Beverage Group UK (ABG UK) went into administration on Monday (October 19) following several unsuccessful attempts to sell the business. Its flagship brands include Moskovskaya Vodka, Rooster Rojo Tequila, KAH Tequila, The Irishman Whiskey, Writers' Tears Whiskey, Riga Black Balsam, Cross Keys Gin, and Cosmopolitan Diva. Glens of Antrim Potatoes Nostalgic crisp brand Glens of Antrim Potatoes Ltd has collapsed into administration after 54 years of trading and will no longer be producing snacks. Established back in 1972, the company had been supplying potatoes to retailers across the UK and Ireland. In 2015, they took the bold step of launching the Glens of Antrim Crisps brand. The crisps rapidly secured shelf space in some of Britain's largest retailers, including major names such as Tesco and Sainsbury's. The firm blamed difficulties stemming from escalating costs within the agri-food sector, including employment expenses and fuel and energy prices, which meant that keeping the business afloat was no longer financially sustainable. Away That Day Ltd UK swimwear company Away That Day has become one of the latest fashion brands to enter administration, according to a notice published in the London Gazette. The business focuses on sustainable swimwear, placing particular emphasis on reducing the environmental footprint of its operations. According to the firm's website, it was founded in 2019 "with a purpose to create stylish, high-quality & eco-friendly summerwear for women around the globe". Pneuride British automotive engineering company Pneuride has gone into administration after almost two decades in business, leaving more than 50 jobs at risk. The Coventry -based firm supplied advanced electronic control systems and air suspension components before closing its doors.