Ascend Airways has ceased all operations with immediate effect following its collapse into liquidation. The airline confirmed it will hand back its aircraft fleet and relinquish its UK Air Operator’s Certificate (AOC). It was established in 2004 but traded under the current name for only three years.

At the time of closure, Ascend operated a fleet that included one Boeing 737-800 and six Boeing 737 MAX 8 aircraft. The airline primarily functioned as a ‘wet-lease’ provider, supplying aircraft to other airlines. Employees were informed that operations would wind down after the final Oman Air service from Muscat on April 30.

The closure was attributed to various economic challenges, including the impact of the Iranian conflict on jet fuel availability. Employees now face uncertainty regarding their salaries; many may not receive full payment for May.

Despite the UK operations ceasing, Ascend Airways Malaysia remains operationally stable. It continues to meet all contractual obligations and is progressing with its expansion plans.

The company previously operated under the name Synergy Aviation before adopting the name Ascend Airways in 2023. The exact reasons for the economic challenges leading to the liquidation have not been fully detailed.

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Quiz Clothing has operated for 33 years. It has 40 stores across the UK and seven concessions in Ireland, employing 565 staff. The company entered administration owing £40 million. Interpath has been appointed as its administrators.

Routledges the Bakers has a long history, operating for nearly 109 years before its closure. The company cited rising costs as a primary reason for its downfall. Before going into liquidation, Routledges faced a financial shortfall of nearly £779,000.

Both companies have made significant cuts to their workforce. At Quiz Clothing, 109 redundancies occurred at its head office and distribution center. Routledges closed all its branches across Carlisle after entering administration.

The situation reflects broader issues within the retail sector. Rising operational costs have strained many businesses. For instance, Routledges reported an £80,000 increase in operational costs compared to 2025.

Industry experts anticipate that the administration trading period for Quiz Clothing could last until mid-May 2026. Officials have not disclosed any specific plans for Routledges following its liquidation.

This sequence of events underscores the precarious state of traditional retail businesses in today’s economy. Both Quiz Clothing and Routledges serve as examples of how quickly established companies can face financial distress.

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What does the recent tax default by Brows Excellence Limited at the Trafford Centre indicate about the financial health of businesses in the area? The beauty salon has defaulted on a total of £26,141.85 in taxes between May 2022 and July 2023 and has been handed a penalty of £14,639.43. Currently, Brows Excellence Limited is in liquidation, raising questions about its future and the impact on the local economy.

The government has published details of tax defaults related to specific businesses, including Brows Excellence Limited, which has drawn attention to the financial struggles some companies are facing. This situation is particularly concerning as it highlights the challenges businesses encounter in maintaining compliance with tax regulations.

In a related context, Ryan Giggs, the former Manchester United player, recently commented on the club’s search for a midfielder, indicating that they are looking to secure a top-four finish for Champions League qualification. Giggs mentioned players like Elliot Anderson and Adam Wharton, stating, “I always like a left-footer in the team, so I wouldn’t argue with Wharton,” and praised Anderson as a “solid player” who plays every game.

Manchester United’s pursuit of new talent comes at a time when the club is under pressure to improve its squad. The team is reportedly considering several players, with valuations exceeding the £100 million mark for some. However, Giggs noted the high costs associated with British players, stating, “It just depends, [because] British players are a lot of money and what we’re able to spend. But we need two midfielders.”

On the football front, Erling Haaland of Manchester City recently made headlines by scoring a hat-trick against Liverpool, bringing his total to 12 hat-tricks for the club. This performance is part of a remarkable season where he has scored 31 goals overall, contributing significantly to Manchester City’s campaign as they aim for a second domestic treble.

In the same match, Mohamed Salah had a penalty saved, marking his first appearance since announcing he would leave Liverpool at the end of the season. This was not the start he had hoped for as he embarks on his final stretch of games with the club.

As Brows Excellence Limited navigates its liquidation process, the outcomes for its employees and the broader implications for the Trafford Centre remain uncertain. The situation underscores the financial pressures faced by retail businesses in the current economic climate, and further developments will be closely monitored.

Details remain unconfirmed regarding the next steps for Brows Excellence Limited and how this may affect other businesses in the Trafford Centre. The ongoing challenges in the retail sector continue to raise questions about sustainability and growth in the area.

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“At Icon Foods, we’re all about shaking things up with innovative food solutions and iconic confectionery that brings a familiar tingle to every taste bud,” stated the company in a previous announcement. However, this vision has been overshadowed by the recent news that Icon Foods has entered voluntary liquidation as of March 2, 2026.

The joint administrators, Steven Edwards and Mark Holborow from Crowe LLP, have been appointed to oversee the liquidation process, which is classified as a Creditors’ Voluntary Liquidation (CVL). This development highlights the ongoing challenges faced by suppliers in the UK retail environment, particularly as the high street has seen several retailers struggling in early 2026.

Founded in 2022, Icon Foods originally operated under the name enjoy-i since 2010. The company had made a name for itself by marketing a diverse range of chocolate products, including truffle bars, milk chocolate-orange bars, and Mixed Chocolate Doy Packs to major retailers such as Tesco, Aldi, and Asda. Their commitment to sustainability and ethical sourcing was a significant part of their brand identity.

Despite its innovative approach and a product range that appealed to a broad customer base, Icon Foods’ liquidation reflects the mounting strain on suppliers, exacerbated by a challenging retail landscape. The UK high street has faced a rough start to 2026, with notable job cuts and closures among various retailers. For instance, Tesco announced the cutting of 380 jobs, while pubs operated by Revolution and BrewDog have also seen closures.

The liquidation of Icon Foods was officially recorded in the London Gazette, marking a significant moment for the brand and its stakeholders. The specific reasons for the company’s decision to enter liquidation remain unclear, and details regarding the total scale of its outstanding liabilities have not been confirmed.

As the situation unfolds, the impact on retailer contracts is also uncertain. Industry experts suggest that if pressure from HMRC or creditors continues, smaller suppliers like Icon Foods may increasingly opt for CVLs and administrator appointments, further complicating the landscape for UK chocolate brands.

In light of these developments, the future of Icon Foods and its innovative offerings remains in question. The company’s commitment to creativity, quality, and affordability may have resonated with consumers, but the current economic climate poses significant challenges for the brand’s survival.

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Icon Foods Ltd, a chocolate company based in Woodford Green, Essex, has entered liquidation, marking a significant event in the UK chocolate market. The company, known for its commitment to sustainable practices and Fairtrade cocoa, was founded in 2022 and has quickly become a notable player in the confectionery sector.

The liquidation, confirmed on March 2, 2026, was initiated through a Creditors’ Voluntary Liquidation (CVL) process. Icon Foods Ltd owed over £600,000 to its parent company and other creditors, including £163,105 to employees and £193,789 in tax liabilities. This financial distress has raised concerns about the viability of similar businesses in the industry.

Icon Foods Ltd was recognized for its innovative chocolate products, including truffle bars and milk chocolate-orange bars, all made from natural ingredients and packaged in recyclable materials. The company’s mission was to provide quality chocolate while minimizing environmental impact, a commitment echoed in their marketing messages.

Despite its short history, Icon Foods Ltd had established a presence in major UK supermarkets such as Tesco, Asda, Morrisons, Aldi, WH Smith, Home Bargains, Co-op, and Spar. The company’s products were well-received, appealing to consumers looking for sustainable and ethically sourced chocolate options.

However, the recent trend of British businesses facing liquidation has put a spotlight on the challenges within the food and confectionery sectors. Icon Foods Ltd’s closure adds to the growing list of companies struggling to maintain operations amid rising costs and economic pressures.

In a statement, Icon Foods Ltd emphasized their dedication to quality, stating, “Our chocolate is made from Fairtrade cocoa and natural ingredients, free from palm oil and harmful additives.” They also highlighted their innovative approach, claiming, “At Icon Foods, we’re all about shaking things up with innovative food solutions and iconic confectionery that brings a familiar tingle to every taste bud.”

As the chocolate market evolves, the impact of Icon Foods Ltd’s liquidation may lead to a reevaluation of sustainability practices among competitors. Consumers are increasingly aware of the ethical implications of their purchases, and the loss of a Fairtrade-focused brand could shift buying patterns.

Details remain unconfirmed regarding potential acquisitions or the future of Icon Foods Ltd’s product lines. The industry will be watching closely to see how this development influences the broader chocolate market and the sustainability efforts of remaining companies.

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“We did everything we possibly could to keep it going, but we got to the point where we couldn’t hold off anymore,” said Kevin Waddison, co-owner of Coastal Construction, as the company was put into liquidation owing creditors £1.06 million. This financial turmoil has significant implications for the construction firm, which has been the official building contractor for Norwich City.

Coastal Construction, established by Peter Waddison, who passed away in 2023, ceased trading in October 2025. The company had been struggling with financial pressures, culminating in a petition filed by Norwich City to wind up the business. The situation has left 26 creditors, including the football club, in a precarious position.

Kevin Waddison elaborated on the challenges faced by the company, stating, “It shows the sort of pressure we were getting from some of our creditors.” The brothers, Kevin and Gary Waddison, had injected around £300,000 into the company in an attempt to stabilize operations. However, the mounting debts proved insurmountable.

Despite their efforts, the brothers acknowledged the inevitable conclusion of their business venture. “Unfortunately we could not trade any longer,” Kevin Waddison remarked, highlighting the harsh reality of the construction industry’s financial landscape.

The financial difficulties were exacerbated by nutrient neutrality planning rules, which caused significant delays to housing projects that Coastal Construction had been involved in. These regulatory challenges not only hindered progress but also strained the company’s resources, making it increasingly difficult to meet its financial obligations.

In addition to the debts owed to creditors, the company had also invested in a hospitality box at Carrow Road, further intertwining its financial fate with that of Norwich City. This relationship underscores the impact of the liquidation on both the construction firm and the football club.

As the liquidation process unfolds, the future of Coastal Construction remains uncertain. Details remain unconfirmed regarding the next steps for the creditors and the implications for ongoing projects. The situation serves as a stark reminder of the vulnerabilities within the construction sector and the ripple effects that financial instability can have on associated entities.

With the liquidation now a reality, stakeholders are left to navigate the consequences of this development. The impact on Norwich City, both financially and operationally, will likely be closely monitored in the coming months as the club assesses its next steps in light of the situation.

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Pedal and Post was an eco-friendly courier firm that pioneered bicycle deliveries in urban areas. For nearly 14 years, the company specialized in emission-free parcel deliveries using cargo bikes, operating from the Osney Mead industrial estate in Oxford.

Recent Developments

On March 9, 2026, Pedal and Post entered liquidation, resulting in the loss of 60 jobs. This sudden collapse has caused significant disruptions to Evri’s delivery services in Oxford, as the two companies had been partners in providing local delivery solutions.

Evri issued an apology for the delays caused by the liquidation, acknowledging the impact on customers. An Evri spokesman stated, “We were disappointed to learn that our e-cargo bike delivery partner in Oxford ceased trading without notice, which caused some temporary disruption for a small number of customers in the local area.”

Reactions from Leadership

Christopher Benton, the founder of Pedal and Post, attributed the company’s collapse to losing a significant client earlier in the year. He expressed regret over the situation, stating, “Despite exploring every possible avenue to continue – and truly exhausting all options – we have reached the point where we can no longer sustain the business.” Benton also thanked supporters, saying, “Your support meant everything.”

The liquidation has left many customers frustrated. Carol Leonard, a local resident, reported that three parcels she ordered went missing for over a week, highlighting the challenges faced by consumers due to the disruption in service.

Looking Ahead

As Evri navigates the aftermath of this liquidation, observers are closely monitoring how the company will adapt to the loss of its delivery partner. The future of local delivery services in Oxford may depend on Evri’s ability to find alternative solutions to maintain service continuity.

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“This is a vital frontier in the move to net zero, green living, whatever you choose to call it – and it’s absolutely doable. It’s a matter of when, not if,” said Dale Vince, co-founder of EcoJet Airlines, as the company announced its voluntary liquidation on March 8, 2026. The airline, which aimed to develop the world’s first fully electric airline, has failed to secure the necessary investment to continue operations.

Founded in 2023, EcoJet Airlines set ambitious goals, including plans to launch its first route between Edinburgh and Southampton in 2024. The airline was designed to utilize a propulsion system that produced water vapor instead of carbon dioxide, positioning itself as a pioneer in sustainable aviation. However, despite its innovative vision, EcoJet Airlines never reached the stage of operating commercial flights.

In its efforts to secure funding, EcoJet Airlines attempted to raise approximately $26.8 million. Unfortunately, the company was unable to attract the necessary capital to support its operations and expansion plans across the UK and into Europe. At the time of liquidation, EcoJet Airlines had no material assets, as noted by Opus Restructuring, which was overseeing the liquidation process.

“The members have elected to fund the liquidation process to ensure that the company’s employees receive their full statutory entitlements,” a spokesperson from Opus Restructuring stated. This decision underscores the commitment to support the workforce despite the company’s financial challenges.

Vince, who has been a vocal advocate for electrifying all forms of transport, acknowledged the difficulties faced by EcoJet Airlines. “We remain committed to electrifying all forms of transport – aviation is the last frontier and the hardest. It’s taking longer than we hoped to get the technology and regulatory pieces of the puzzle in alignment, and so we’re pausing work at this time,” he explained. This statement reflects the broader challenges within the aviation industry as it seeks to transition to more sustainable practices.

EcoJet Airlines was co-founded by Dale Vince OBE, an entrepreneur known for his commitment to green initiatives, and Brent Smith, a pilot with a vision for sustainable air travel. Although the airline’s journey has come to an abrupt end, the founders’ aspirations for a greener future in aviation remain a significant part of the conversation surrounding environmental responsibility in the industry.

The closure of EcoJet Airlines serves as a reminder of the hurdles faced by start-up companies in the aviation sector, particularly those focused on innovative technologies. As the industry continues to evolve, the lessons learned from EcoJet’s experience may influence future endeavors in sustainable aviation.

Details remain unconfirmed regarding any potential future projects or initiatives from the founders or investors involved with EcoJet Airlines. The landscape of electric aviation is still developing, and it remains to be seen how this setback will impact the broader movement towards sustainable air travel.

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“This is a vital frontier in the move to net zero, green living, whatever you choose to call it – and it’s absolutely doable. It’s a matter of when, not if,” stated Dale Vince, the founder of EcoJet Airlines, as the company announced its collapse into voluntary liquidation.

Established in 2023 by Vince and Brent Smith, EcoJet Airlines aimed to become the world’s first fully electric airline. The ambitious start-up, which had plans to retrofit conventional aircraft with hydrogen-electric powertrains, never launched commercial passenger services before entering liquidation. The company had sought £20 million in funding to support its operations but was unable to secure the necessary financial backing.

EcoJet Airlines was envisioned as a zero-emission regional carrier, with its first planned route intended to connect Edinburgh and Southampton. The airline claimed that retrofitting existing aircraft could prevent around 90,000 tonnes of carbon emissions each year, a significant contribution to the fight against climate change.

Despite its promising vision, EcoJet faced numerous challenges typical of new aviation ventures developing low-emission technologies. “We remain committed to electrifying all forms of transport – aviation is the last frontier and the hardest. It’s taking longer than we hoped to get the technology and regulatory pieces of the puzzle in alignment, and so we’re pausing work at this time,” Vince added, reflecting on the hurdles faced by the industry.

Paul Dounis and Mark Harper from Opus Restructuring were appointed as provisional liquidators. They noted, “EcoJet was a start-up business and has no material assets. The members have elected to fund the liquidation process to ensure that the company’s employees receive their full statutory entitlements.” This statement underscores the company’s lack of significant assets and the challenges inherent in launching a new airline.

The collapse of EcoJet Airlines not only represents a setback for its founders but also highlights the broader difficulties faced by companies attempting to innovate in the aviation sector. The airline had ambitious plans for expansion into European destinations and long-haul flights, which now remain unrealized.

As the aviation industry continues to grapple with the transition to sustainable practices, the failure of EcoJet Airlines serves as a reminder of the complexities involved in developing low-emission technologies. The future of electric aviation remains uncertain, and the lessons learned from this venture may inform the next steps for other companies in the field.

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