Denby Faces Collapse Amid Rising Costs

The 217-year-old pottery company Denby is reportedly filing for administration today, seeking FRP Advisory to manage the insolvency process. This follows a recent 10-day extension to its initial notice of intent filed on March 11. The Derbyshire-based firm has cited significant financial challenges over the last three years, including diminished product demand and escalating employment and energy costs.

Denby, which employs over 500 people, intends to continue trading throughout the administration. The company has struggled to secure external partners or funding due to tighter financial markets. This is not the first time Denby has faced collapse; it was previously bought out of administration in 2019 by Hilco Capital. Recent economic pressures, including increased taxes and labor costs for retailers, alongside potential impacts from Middle East conflicts on energy prices, have created a challenging market.