Preston based UK sportswear company enters liquidation after 30 years

Milano Pro-Sport has manufactured leotards for the British Gymnastics Team since 1996 and was a leading supplier of gymnastics clothing in the UK.

The company describes itself as “committed to manufacturing the most exciting, highest quality leotards and sportswear.”

Milano Pro-Sport enters liquidation

Milano Pro-Sport, based in Preston, has now entered voluntary liquidation after 30 years in business.

A formal statement revealed the business was “no longer commercially viable for the company to continue trading”.

The announcement was made on July 6 by CEPS plc, the company’s major shareholder, in a statement published on the Halifax website.

The statement said: “Following a review of the firm, Milano International Limited would be placed into creditors’ voluntary liquidation (CVL).”

Creditors’ voluntary liquidation is when shareholders decide to wind up a company that cannot pay its debts in full.

CEPS plc confirmed that formal notices were “currently being prepared” and expected to be issued later the same day.

The review of the proposed liquidation considered both the operations and financial position of the company.

CEPS said Milano Pro-Sport recorded a turnover of £1.85 million at the end of December 2025 but reported a pre-tax loss of £156,571.

Moorfield’s Advisory has been appointed to support the CVL process and will invite offers for the company’s assets.

Milano is fully owned by Milano International Holdings Limited, which is 90% owned by Signature Fabrics Limited.

CEPC plc holds a 67.5% interest in Signature Fabrics Limited.

The Milano Pro-Sport website is currently offline, displaying a message stating the server is “temporarily unavailable.”

Further updates on the company’s status are expected in the coming days.

Anyone interested in the business or its assets are advised to contact Moorfields for more information.

CEPS and Milano have been contacted for comment.

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 other retailers entering administration or liquidation and others announcing widespread store closures.

Major high street brands LK Bennett, 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.

TG Jones will be closing 150 stores across the UK as part of a “restructuring” plan approved by the High Court on Wednesday (July 1).

Other retailers have been forced to close stores this year, including:

Several UK travel companies have also ceased trading or entered administration in 2026:

Luxury UK holiday company Salamander Voyages shut down back in April after entering administration.

Meanwhile, four UK airlines have fallen into administration or liquidation:

UK delivery company Yodel is set to be phased out over the coming months after being acquired by InPost.

It’s also been reported that Morrisons is looking to sell some of its in-store pharmacies as it continues to cut costs.

It hasn’t all been bad news for the UK high street, with several major brands announcing new store openings for 2026, including Aldi, M&S, and Superdrug.

Plus-size clothing brand Evans also returned to the UK high street recently after closing all its stores and concessions in December 2020.

Which company/store closure in 2026 has impacted you the most? Let us know in the comments below.