Friarwood Wine and Spirits, an award-winning alcohol merchant that had been family-run since 1967, has collapsed into administration, closing its London store and website. The company entered administration on July 10, with administrators appointed on July 3.
Business History and Clientele
Friarwood worked closely with prestigious vineyards and wineries in France and Italy, supplying Michelin-star restaurants, prestigious hotels, and private members' clubs across the UK. The business had been operating for almost 60 years.
Administrator Appointment
William Antony Batty and Hugh Francis Jesseman from Antony Batty & Company Ltd were appointed as administrators on July 3, according to The Gazette. A statement on Friarwood's website said: "It is with great sadness that we share the news that we will soon be closing our business. We would like to sincerely thank you for your loyalty and support over the years. It has been a privilege to share exceptional wines and build lasting friendships with so many loyal customers. As we begin this final chapter, we invite you to explore our Closing Down Sale."
Broader Economic Context
This closure comes amid a surge in UK business administrations, which rose by 41% in January 2026, driven by high-street failures, rising wages, weaker consumer spending, and higher operating costs. Official Insolvency Service statistics show 151 companies entered administration in January, a 14% increase compared to January 2025. By late February, insolvency rates remained elevated with significant retail and hospitality pressures.
Expert Commentary
Sarah Rayment, managing director and global co-head of restructuring at Kroll, said: "The key question at this point in the year is whether distress and insolvencies will continue to rise given the pressures facing UK businesses. The reality is that every sector will face headwinds this year." Todd Davison, managing director at Purbeck Insurance Services, noted that business failures can also affect company directors personally. "Many directors will have signed personal guarantees to secure loans, overdrafts or trade finance," he said, warning that failed guarantees can put personal assets, including property and savings, at risk.
Other Notable Administrations
Other brands that have gone into administration this year include National Car Parks (NCP), which had been in business for almost 100 years, and Denby Pottery, which had been trading since 1809 and is known worldwide.
