Broadway Partners Limited - administration

Broadway Partners Limited, an alternative network provider in Scotland and Wales, which is supported by sibling UK internet service provider Broadway Broadband, has entered administration. Joint Administrators from Teneo said that the company has encountered significant challenges as a result of soaring costs, rising interest rates and a broader trend of financial pressure on fibre infrastructure players in the UK. National Westminster Bank PLC and Downing LLP each has a registered charge against the company.