Spain

​Northumberland-based UK modular giant Merit collapses, with a £17.4m supply chain hit.

Off-site modular construction specialist Merit Holdings has entered administration, and a creditors’ report reveals that its supply-chain partners are unlikely to recover the £17.4 million owed to…

Distressed Debt: Hunkemöller offers Europe taste of creditor-on-creditor violence

In December 2025 Dutch lingerie retailer Hunkemöller initiated a controversial restructuring that introduced ‘creditor-on-creditor violence’ to the European market, which has sparked a major legal…

SmartLynx Airlines closure leaves fate of sister Estonian and Maltese carriers unclear

Latvian-based SmartLynx Airlines has ceased all commercial operations, ending 33 years as a leading European ACMI and charter provider. The shutdown follows a rapid spiral into insolvency, occurring just…

Weak electric car sales force car dealership into insolvency

Preckel Automobile, a German car dealership group, has filed for insolvency as weak electric vehicle sales have seriously undermined its business, leaving around 500 jobs at risk. The company is closing…