Popular UK restaurant chain, drinks company and 5 more plunge into administration

Ana Maria Rus

Several UK businesses have been forced to call in administrators this month in a bid to save all or part of their operations. An Italian restaurant chain , a cake factory and a college are amongst those affected. It's proved to be a tough year for business owners, with hundreds of firms collapsing into administration every month. Soaring operational costs and dwindling footfall are two of the primary reasons behind these failures, even for businesses that have traded successfully for many years.