More than 50 jobs have been lost after an automotive engineering company collapsed into administration.
Pneuride specialised in advanced electronic control systems and air suspension components for the automotive industry, and employed 55 staff.
The company, established in July 2007, has faced significant financial challenges in recent months, enduring a sustained period of soft trading and mounting pressure on cash flow and profit margins.
Pneuride closes after entering administration with 55 jobs lost
As a result of these financial challenges, Pneuride ceased trading in early September after nearly 20 years in business.
Richard Harrison and Chris Pole of Interpath were then appointed joint administrators on September 30.
Mr Harrison, managing director at Interpath and joint administrator, said: “The automotive sector continues to undergo significant transformation and adapting to such change – amidst significant competition – adds further pressure on businesses in the supply chain that are already struggling to maintain margins and profitability.
“Pneuride was no exception and couldn’t continue in its current form.
“As we see through an orderly wind down of operations, we’re focused on supporting employees through this difficult period.”
Most staff have been made redundant, though a small number have been retained to help with winding down the business.
The directors had explored a solvent solution, including marketing the business for sale, but with no viable offers or investment, administration was deemed the only option.
Director at Interpath, James Portwood, said: “Anyone with an interest in acquiring the business and assets should contact the Interpath team as soon as possible.”
Other UK companies that have closed or entered administration/liquidation in 2026
It has been a tough year for the UK high street, with several retailers entering administration or liquidation and others announcing widespread store closures.
Major high street brands Claire’s and Quiz have been forced to close all their remaining stores after falling into administration.
UK fashion retailer Leading Labels is also set to close its remaining 15 stores after falling into liquidation in May.
Whitbread closed all its standalone branded restaurants across the UK last month, including:
TG Jones and the British Heart Foundation will also be closing around 150 stores each across the UK.
Wynsors World of Shoes is shutting 17 stores across the UK, with closing down sales already underway at several affected branches.
Other retailers have been forced to close stores this year, including:
Several UK travel companies have ceased trading or entered administration in 2026, including:
Wayfairer Travel Limited has also suspended all services “until further notice” as it looks to appoint an administrator.
Meanwhile, four UK airlines have fallen into administration or liquidation:
UK delivery company Yodel was phased out completely in July after being acquired by InPost.
Meanwhile, iconic fashion brand Nasty Gal has shut down its website after being sold by Debenhams in a deal worth around £12 million (US$16 million).
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It hasn’t all been bad news for the UK high street, with several major brands announcing new store openings for 2026, including Joules, B&M, Aldi, M&S, and Superdrug.
Meanwhile, brands including Evans and Bodycare have returned to the UK high street this year after previously closing all their stores.
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