August’s data reveals more than 2,000 firms in England and Wales went under, a sign that cost pressures, slow payments and tighter finance are still squeezing SMEs. Ed Rimmer, CEO of Time Finance, argues that policymakers and lenders must act to prevent today’s distress from turning into lasting damage for the UK economy. The Government’s latest company insolvency statistics reveal an uncomfortable truth: business failures in the UK are not easing. In August 2025, 2,048 registered company insolvencies wer ...

Core Points - AB Šatrija, a garment manufacturing company, will cease operations as of July 21 due to financial unsustainability and increased competition in the textile industry [1][3] - The decision was made by the Board of Šatrija on June 20, emphasizing the need to prioritize employee compensation during this transition [2][3] - The company has faced ongoing financial losses since 2023, primarily due to rising labor costs in Lithuania and the relocation of clients to lower-cost countries [3] Company Operations - Šatrija will fulfill all current client obligations by July 21 and will not accept new orders [4] - The company plans to contact creditors to seek assistance and initiate insolvency proceedings [4] - The restructuring plan of Utenos Trikotažas included the sale of AB Šatrija shares, and the initiation of insolvency proceedings will not materially affect this restructuring process [5] Market Context - The textile industry has seen intensified competition, leading to clients relocating manufacturing services to Asia or Africa [3] - Rising labor costs and other expenses in Lithuania have made it financially unsustainable for Šatrija to operate, even at full production capacity [3]