Engineering Technology Group (ETG) appointed financial advisory firm Teneo as administrators on April 15, 2026. Matthew James Cowlishaw and Paul James Meadows of Teneo Financial Advisory Limited were appointed to represent ETG as of April 2026. Ethos, an IT company, saw Philip James Watkins and Philip Lewis Armstrong of FRP Advisory Trading Limited appointed as its administrators, with The Gazette publishing the notice on March 11, 2026.
Teleware Limited went into administration on March 6, 2026, with administrators from Redman Nichols Butler in Driffield appointed on March 9, 2026. The company has developed technology used by major clients including British Airways, Bank of England, Sainsbury's, Deloitte, Samsung, the NHS, Bupa, and Barclays. Financial context adds to the uncertainty surrounding these collapses.
6% in 2023. It remains unclear why ETG appointed administrators despite the turnover increase, why Ethos went into administration, and why Teleware collapsed after 30 years in business with major clients.