Historic UK School and 5 Other Companies Go Bankrupt

A very old UK school will go into financial administration.

Many UK companies have gone bankrupt recently. A 700-year-old school, an airline, and an insurance company are some of them. They want to save some of their operations.

This has happened many times in 2026. Thousands of companies have gone bankrupt this year. High gas and electricity bills, debt, and fewer customers are some reasons why.

Here is the latest news about companies going bankrupt.

One of the UK's oldest schools will close and go into financial administration. It was started in 1284 in North Wales and was bought by a Chinese company in 2023.

The school will not open after the summer. Over 100 staff members will lose their jobs, and 240 students need to find a new school.

The school was recently named the best independent school in North Wales. It was also one of the top boarding schools in the UK.

A UK airline has gone bankrupt.

Eastern Airlines, based in North Lincolnshire, went bankrupt last year. A rescue deal did not work, and the airline could not be saved.

The airline used to fly to many places in the UK, Ireland, and Europe. It had 330 staff members, but most of them lost their jobs.

Only 16 employees are left, and they will stay until the bankruptcy process is over.

A construction company has gone bankrupt after 12 years. It built houses and managed construction projects.

The company, based in Hampshire, focused on sustainable construction. It was part of a UN-backed network and had a sustainability director.

A social housing company has gone bankrupt.

The company, RPA1 Limited, could not pay its debts and went bankrupt. The administrators will take over the company.

The company bought new homes from builders and rented them to social housing providers.

The administrators will keep the company running normally for the people living in its properties.

An insurance company has also gone bankrupt after 25 years. It was based in London and specialized in marine cargo insurance.

The company has stopped all its activities, according to its website.

A glass manufacturer in Scarborough has gone bankrupt. The company had cash flow problems due to high costs and low prices.

All 27 staff members have lost their jobs, and the administrators will help them get their entitlements.

COPYRIGHT DISCLAIMERS

4English does not own the rights to this content. All rights belong to the owner. 4English only uses this content to help users learn English via the app's features. Contact to request the removal of your content: contact@4englishapp.com.

Praticar Escuta

Praticar Escuta