Pontypridd investment firm enters administration after 6 years

Horizon Legal Ltd, based on Gelliwasted Road in Pontypridd, specialises in litigation funding and other business support services.

The company, led by directors Ann Marie Bell and Peter Legge, entered administration on July 2.

Damian Webb and Joe Barry of RSM UK Restructuring Advisory LLP were appointed as joint administrators, according to The Gazette.

What happens when a company goes into administration?

When a company enters administration, it means that it is unable to pay expenses, debts, or other liabilities, according to SquareUp.com.

Companies House adds: "When a company goes into administration, they have entered a legal process (under the Insolvency Act 1986) with the aim of achieving one of the statutory objectives of an administration. This may be to rescue a viable business that is insolvent due to cashflow problems.

"An appointment of an administrator (a licensed insolvency practitioner) will be made by directors, a creditor or the court to fulfil the administration process."

A statutory moratorium is put in place once a company enters administration, giving it "breathing space" to allow for financial restructuring plans to be drawn up free from creditor enforcement actions.

A company can continue to trade while in administration, but daily management and control are handed over to the administrators.

Companies House continues: "Within 8 weeks it is the administrators’ role to formulate administration proposals.

"Creditors are then asked to vote by a decision procedure to approve the administrators’ proposals.

"If the administration involves a sale of all or part of the company’s business, the proceeds (after the costs of the procedure) will be distributed to creditors in a statutory order of priority."

Administration will end automatically after 12 months unless the administrator asks the court or creditors for an extension.

Through administration, a company can be:

• Rescued and passed back to the directors
• Enter liquidation
• Be dissolved

Other businesses that have closed in South Wales in 2026 (so far)

Horizon Legal's entry into administration marks another setback for businesses in South Wales, which continues to see a wave of closures in 2026.

In January, The Revel Collective, owners of Revolution bars, shut 21 venues nationwide, including two in Cardiff.

Greggs closed its Monmouth branch in February after the store reached the end of its lease.

In Newport, award-winning restaurant New Ole closed in February, followed by River Island’s Friars Walk shop in April.

Marks & Spencer stores in Swansea and Newport closed on May 30 and June 20, respectively.

Cwmbran’s Harvester at St David’s closed permanently on June 18, and on June 25, Vue shut its cinema at Cardiff’s Stadium Plaza.

Fashion retailer Quiz also closed all stores last month, including its Cardiff location.

Cardiff-based tech company Amplyfi went into liquidation in April, highlighting broader difficulties across business sectors.

Meanwhile, a total of 52 Post Office branches are due to shut in the coming months due to the closure of Morrisons Daily stores.

This includes two branches in South Wales:

• Murch Post Office (Morrisons) - The Parade, Dinas Powys, CF64 4NR
• Radyr Post Office (Morrisons) - 10 Station Road, Radyr, Cardiff, CF15 8AA

The Caerphilly branch, located at Unit 4, Castle Court Shopping Centre, CF83 1NU, is also set to close on August 8.

This is not part of a Morrisons Daily store, however, and was not part of the 52 branches in the recent announcement.

Which store/business closures in South Wales have impacted you the most this year? Let us know in the comments below.