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	<title>financial struggles Articles &amp; Updates - cottenhamnews</title>
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		<title>Denby Faces Administration Amid Financial Struggles</title>
		<link>https://cottenhamnews.org.uk/denby-faces-administration-amid-financial-struggles/</link>
		
		<dc:creator><![CDATA[Oliver Bennett]]></dc:creator>
		<pubDate>Sun, 05 Apr 2026 11:33:00 +0000</pubDate>
				<category><![CDATA[Trending]]></category>
		<category><![CDATA[administration]]></category>
		<category><![CDATA[business news]]></category>
		<category><![CDATA[Denby]]></category>
		<category><![CDATA[Derbyshire]]></category>
		<category><![CDATA[financial struggles]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[job losses]]></category>
		<category><![CDATA[pottery]]></category>
		<category><![CDATA[Support Campaign]]></category>
		<category><![CDATA[UK manufacturing]]></category>
		<guid isPermaLink="false">https://cottenhamnews.org.uk/denby-faces-administration-amid-financial-struggles/</guid>

					<description><![CDATA[<p>Denby Pottery Company has entered administration after 217 years of operation, affecting hundreds of jobs in Derbyshire.</p>
<p>The post <a href="https://cottenhamnews.org.uk/denby-faces-administration-amid-financial-struggles/">Denby Faces Administration Amid Financial Struggles</a> appeared first on <a href="https://cottenhamnews.org.uk">cottenhamnews</a>.</p>
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<p>Denby Pottery Company, a historic name in British manufacturing, has appointed administrators following significant financial struggles. This decision, made on March 31, 2026, comes after the company filed a notice of intention to appoint administrators on March 11, 2026, marking a critical juncture for the 217-year-old business.</p>
<p>With a workforce of 600 employees in the UK, the impact of this decision is profound. The main headquarters, located between Denby and Ripley, employs 358 individuals, while an additional 43 work at the warehouse in Derby. As of April 2026, around 80 workers have already been made redundant, highlighting the immediate consequences of the company&#8217;s financial woes.</p>
<p>Denby has faced rising costs and reduced demand, which have severely affected its operations. Despite these challenges, the company continues to fulfill orders placed online and through its stores, striving to maintain some level of service during this tumultuous period.</p>
<p>International subsidiaries in Korea, the USA, and China remain unaffected by the administration process and will continue to operate, providing a glimmer of hope amidst the turmoil.</p>
<p>In an effort to rally public support, Denby launched a #SaveDenby campaign, reflecting the community&#8217;s deep connection to the brand. Sebastian Lazell, a spokesperson for the company, expressed the difficulty of the situation, stating, &#8220;I was trying to move heaven and earth to save the business, but I had to be realistic that there may not be a happy ending.&#8221;</p>
<p>Linsey Farnsworth, another representative, emphasized the administration as a protective measure, saying, &#8220;While today is a dark day, the formal move into administration is a protective step aimed at keeping the kilns firing while a long-term investor is sought.&#8221; This indicates that the company is actively seeking investment partners to secure its future.</p>
<p>Denby Pottery Company, founded in 1809, has built its reputation on local clay resources and a tradition of stoneware production that has lasted over two centuries. The skills of long-serving employees, some with decades of experience, are invaluable, as noted by a concerned community member: &#8220;People who have been there for 30, 40 years… their skills are in pottery and there isn’t anything else around here for them to do like that.&#8221;</p>
<p>As the situation develops, the company faces an urgent deadline of eight days to secure future investment, raising questions about its viability moving forward. Details remain unconfirmed regarding the potential outcomes of these efforts.</p>
<p>The post <a href="https://cottenhamnews.org.uk/denby-faces-administration-amid-financial-struggles/">Denby Faces Administration Amid Financial Struggles</a> appeared first on <a href="https://cottenhamnews.org.uk">cottenhamnews</a>.</p>
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		<title>League 1: League One Financial Struggles: Blackpool Reports £4.3m Loss</title>
		<link>https://cottenhamnews.org.uk/league-1-league-one-financial-struggles-blackpool-reports/</link>
		
		<dc:creator><![CDATA[Charlotte Hughes]]></dc:creator>
		<pubDate>Sat, 04 Apr 2026 09:44:18 +0000</pubDate>
				<category><![CDATA[Sports]]></category>
		<category><![CDATA[Blackpool]]></category>
		<category><![CDATA[Burton Albion]]></category>
		<category><![CDATA[Cardiff City]]></category>
		<category><![CDATA[club losses]]></category>
		<category><![CDATA[financial struggles]]></category>
		<category><![CDATA[football finance]]></category>
		<category><![CDATA[League One]]></category>
		<category><![CDATA[Simon Sadler]]></category>
		<category><![CDATA[Wycombe Wanderers]]></category>
		<guid isPermaLink="false">https://cottenhamnews.org.uk/league-1-league-one-financial-struggles-blackpool-reports/</guid>

					<description><![CDATA[<p>Blackpool's financial situation highlights the struggles faced by League One clubs, with significant losses reported across the board.</p>
<p>The post <a href="https://cottenhamnews.org.uk/league-1-league-one-financial-struggles-blackpool-reports/">League 1: League One Financial Struggles: Blackpool Reports £4.3m Loss</a> appeared first on <a href="https://cottenhamnews.org.uk">cottenhamnews</a>.</p>
]]></description>
										<content:encoded><![CDATA[<h2></h2>
<p>Blackpool&#8217;s financial woes have come to the forefront as the club reported a staggering loss of <strong>£4.3 million</strong> for the year ending June 30, 2025. This marks a significant increase from the previous year&#8217;s loss of <strong>£2.8 million</strong>, reflecting a troubling trend among League One clubs.</p>
<p>Across the league, ten clubs reported an average loss of <strong>£8.2 million</strong> for the 2024-25 season, a sharp rise from the <strong>£4.2 million</strong> average loss recorded the previous year. Cardiff City notably skewed these figures with a massive loss of <strong>£35.1 million</strong>, underscoring the financial difficulties plaguing the division.</p>
<p>Other clubs also reported significant losses, with Wycombe Wanderers at <strong>£9.8 million</strong> and Burton Albion at <strong>£8.1 million</strong>. These figures highlight a broader crisis affecting League One, where financial sustainability is increasingly in question.</p>
<p>Blackpool&#8217;s situation is particularly precarious, as the club is heavily reliant on the financial backing of owner <strong>Simon Sadler</strong>. The club&#8217;s revenues fell by <strong>9.1%</strong> due to an early exit from cup competitions and a decline in sponsorship income, further exacerbating their financial difficulties.</p>
<p>Auditors have raised alarms, stating that &#8220;a material uncertainty exists that may cast significant doubt on the company&#8217;s ability to continue as a going concern.&#8221; This statement adds to the urgency of Blackpool&#8217;s financial situation, as the club navigates its future amidst these challenges.</p>
<p>As the financial landscape of League One continues to evolve, the implications for clubs like Blackpool remain uncertain. Details remain unconfirmed regarding potential measures that might be taken to address these losses and ensure the viability of the clubs involved.</p>
<p>The post <a href="https://cottenhamnews.org.uk/league-1-league-one-financial-struggles-blackpool-reports/">League 1: League One Financial Struggles: Blackpool Reports £4.3m Loss</a> appeared first on <a href="https://cottenhamnews.org.uk">cottenhamnews</a>.</p>
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		<title>Denby Faces Closure as Administrators Appointed</title>
		<link>https://cottenhamnews.org.uk/denby-faces-closure-as-administrators-appointed/</link>
		
		<dc:creator><![CDATA[Charlotte Hughes]]></dc:creator>
		<pubDate>Wed, 01 Apr 2026 04:45:58 +0000</pubDate>
				<category><![CDATA[Trending]]></category>
		<category><![CDATA[administration]]></category>
		<category><![CDATA[Denby]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[financial struggles]]></category>
		<category><![CDATA[Heritage]]></category>
		<category><![CDATA[Jobs]]></category>
		<category><![CDATA[manufacturing]]></category>
		<category><![CDATA[pottery]]></category>
		<guid isPermaLink="false">https://cottenhamnews.org.uk/denby-faces-closure-as-administrators-appointed/</guid>

					<description><![CDATA[<p>Denby Pottery has called in administrators, risking closure and nearly 600 jobs. The historic brand struggles with rising costs and falling sales.</p>
<p>The post <a href="https://cottenhamnews.org.uk/denby-faces-closure-as-administrators-appointed/">Denby Faces Closure as Administrators Appointed</a> appeared first on <a href="https://cottenhamnews.org.uk">cottenhamnews</a>.</p>
]]></description>
										<content:encoded><![CDATA[<h2></h2>
<p>Denby Pottery, one of Britain’s most beloved and enduring pottery brands, has called in administrators, putting its 217-year legacy at risk and threatening nearly 600 jobs. This significant move comes as the company grapples with surging costs and a decline in consumer demand.</p>
<p>On March 31, 2026, Denby Group appointed administrators from <strong>FRP Advisory</strong> after struggling with increased gas prices, higher labor costs, and tighter financial markets. Despite being rescued from administration in 2009 by <strong>Hilco</strong>, the company has failed to secure investment partners to sustain its operations.</p>
<p>Denby’s financial situation has deteriorated sharply, with the company reporting a 17% drop in sales to £18.6 million in its most recent accounts from 2024. Pre-tax profits plummeted to £86,000, down from £460,000 the previous year, highlighting the severe impact of economic challenges.</p>
<p>The GMB union, which represents pottery workers at Denby, has expressed concern over the human cost of government inaction, emphasizing the communities affected by potential layoffs. Union representative <strong>Craig Thomson</strong> stated, &#8220;This is the human cost of government inaction: communities let down and workers laid off by companies that can’t keep up with the cost of energy.&#8221;</p>
<p>Denby, established in 1809, has a rich heritage and a loyal customer base both in the UK and internationally. However, the company’s international subsidiaries in Korea, the US, and China are not currently affected by the administration process.</p>
<p>In response to the crisis, a #SaveDenby campaign has been launched to encourage purchases and lobby for government support, reflecting the brand&#8217;s significance to its community and the broader market.</p>
<p>As Denby navigates this challenging period, the future remains uncertain. The company’s ability to recover will depend on securing new investment and adapting to the evolving market landscape. Details remain unconfirmed regarding potential outcomes or further developments in the administration process.</p>
<p>The post <a href="https://cottenhamnews.org.uk/denby-faces-closure-as-administrators-appointed/">Denby Faces Closure as Administrators Appointed</a> appeared first on <a href="https://cottenhamnews.org.uk">cottenhamnews</a>.</p>
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		<title>NCP Administration: A Major Shift in the UK Parking Sector</title>
		<link>https://cottenhamnews.org.uk/ncp-administration/</link>
		
		<dc:creator><![CDATA[Oliver Bennett]]></dc:creator>
		<pubDate>Thu, 19 Mar 2026 19:16:22 +0000</pubDate>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[administration]]></category>
		<category><![CDATA[business news]]></category>
		<category><![CDATA[car parks]]></category>
		<category><![CDATA[financial struggles]]></category>
		<category><![CDATA[NCP]]></category>
		<category><![CDATA[PricewaterhouseCoopers]]></category>
		<category><![CDATA[PwC]]></category>
		<category><![CDATA[UK parking]]></category>
		<guid isPermaLink="false">https://cottenhamnews.org.uk/ncp-administration/</guid>

					<description><![CDATA[<p>NCP has entered administration, appointing PricewaterhouseCoopers to manage its operations amid ongoing financial struggles.</p>
<p>The post <a href="https://cottenhamnews.org.uk/ncp-administration/">NCP Administration: A Major Shift in the UK Parking Sector</a> appeared first on <a href="https://cottenhamnews.org.uk">cottenhamnews</a>.</p>
]]></description>
										<content:encoded><![CDATA[<h2>The wider picture</h2>
<p>NCP, a prominent name in the UK parking sector since its inception in 1931, has entered administration following a series of mounting losses from its car parks. The company, which currently employs around <strong>681 people</strong> and manages <strong>340 car parks</strong> across the UK, has struggled with low parking demand and long-term, inflexible leases that have severely impacted its financial stability.</p>
<p>In a significant development, NCP has appointed administrators from <strong>PricewaterhouseCoopers (PwC)</strong> to oversee the future of the business. PwC has indicated that exploring a sale of all or part of the business is one of the options on the table as they assess the viability of each site. This move comes as NCP faces a challenging trading environment that has persisted for several years, exacerbated by changing consumer behaviors and a high fixed cost base leading to trading losses.</p>
<p>Zelf Hussain, a representative from PwC, stated, &#8220;NCP has faced a challenging trading environment over several years, with changing consumer behaviours impacting volumes, and a high fixed cost-base leading to trading losses.&#8221; Despite these challenges, Hussain reassured stakeholders, saying, &#8220;All sites are open, staff remain in post, and trading continues as normal.&#8221; This statement aims to provide some stability amid the uncertainty surrounding the company&#8217;s future.</p>
<p>NCP operates five car parks in Ipswich, providing a combined total of <strong>1,088 spaces</strong>. However, the company has identified several locations at risk, including the Belgrade Plaza car park in Coventry, which may face closure as part of the restructuring process. The long-term future of NCP car parks remains uncertain as PwC engages with landlords and other stakeholders to evaluate the situation.</p>
<p>Details remain unconfirmed regarding the specific outcomes of these discussions, but the potential for a sale could reshape the landscape of the UK parking industry. Observers are keenly watching how this situation unfolds, particularly in light of the ongoing challenges faced by NCP.</p>
<p>As the situation develops, stakeholders, including employees and customers, are left in a state of anticipation regarding the future of NCP. The company&#8217;s historical significance in the UK parking sector adds a layer of complexity to the current crisis, as many rely on its services for daily transportation needs.</p>
<p>In summary, the appointment of PwC as administrators marks a pivotal moment for NCP and the broader UK parking market. The outcome of this administration process could have lasting implications for the industry, as it navigates through these turbulent times.</p>
<p>The post <a href="https://cottenhamnews.org.uk/ncp-administration/">NCP Administration: A Major Shift in the UK Parking Sector</a> appeared first on <a href="https://cottenhamnews.org.uk">cottenhamnews</a>.</p>
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		<title>Denby pottery faces financial challenges amid changing market conditions</title>
		<link>https://cottenhamnews.org.uk/denby-pottery/</link>
		
		<dc:creator><![CDATA[Oliver Bennett]]></dc:creator>
		<pubDate>Thu, 12 Mar 2026 21:41:14 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[administrators]]></category>
		<category><![CDATA[ceramics]]></category>
		<category><![CDATA[Denby Pottery]]></category>
		<category><![CDATA[financial struggles]]></category>
		<category><![CDATA[Hilco Capital]]></category>
		<category><![CDATA[investors]]></category>
		<category><![CDATA[market demand]]></category>
		<category><![CDATA[restructuring]]></category>
		<category><![CDATA[tableware]]></category>
		<category><![CDATA[UK manufacturing]]></category>
		<guid isPermaLink="false">https://cottenhamnews.org.uk/denby-pottery/</guid>

					<description><![CDATA[<p>Denby Pottery, a historic tableware manufacturer, is facing significant financial challenges, prompting a notice of intention to appoint administrators.</p>
<p>The post <a href="https://cottenhamnews.org.uk/denby-pottery/">Denby pottery faces financial challenges amid changing market conditions</a> appeared first on <a href="https://cottenhamnews.org.uk">cottenhamnews</a>.</p>
]]></description>
										<content:encoded><![CDATA[<h2>Financial Struggles for Denby Pottery</h2>
<p>Denby Pottery, renowned for its tableware since 1809, is currently navigating a precarious financial landscape. Previously, the company was regarded as a leading brand in the premium tableware market, both in the UK and internationally. However, recent developments have revealed a stark contrast to this expectation.</p>
<p>On the heels of posting a loss of approximately £4 million in 2024, Denby has filed a notice of intention to appoint administrators. This decisive moment comes as the company, owned by Hilco Capital and employing over 500 people, grapples with reduced demand and rising energy costs.</p>
<p>The notice of intention provides Denby with around ten days of protection from creditor action, allowing the company to explore potential funding and restructuring options. This period is crucial as Denby seeks to mitigate the financial impacts it has faced by cutting discretionary spending and deferring investments.</p>
<p>In the immediate aftermath of this filing, the company continues to trade while searching for potential investors for the business or its individual brands. The situation reflects broader challenges within the ceramics sector, where manufacturers have struggled to access working capital due to tightened lending conditions.</p>
<p>Expert voices highlight that a lack of consumer confidence in major markets has led to reduced demand, compounding the issues Denby faces. Inflationary pressures on costs and the impact of reduced demand have further strained the efficient operation of its production facility.</p>
<p>Denby has explored a range of options but has not yet secured a strategic investment partner aligned with its long-term vision and the values of its historic British brands, which are cherished by a large global fan base. The company’s current predicament underscores the difficulties faced by traditional manufacturers in adapting to changing market conditions.</p>
<p>As Denby Pottery continues to navigate these challenges, the outcome remains uncertain. The notice of intention has been filed as a precaution while discussions regarding the company’s future continue. Details remain unconfirmed regarding the potential restructuring or investment outcomes.</p>
<p>The post <a href="https://cottenhamnews.org.uk/denby-pottery/">Denby pottery faces financial challenges amid changing market conditions</a> appeared first on <a href="https://cottenhamnews.org.uk">cottenhamnews</a>.</p>
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