A UK pet shop has announced it is going into administration after 27 years of business. Pet Planet went into administration on March 31 and appointed administrators today (April 10).

The Livingston-based company is an online retailer committed to selling pet owners “more convenience, more quality, and more care” through its products and services. Its website says they have been “passionate about pets for over 25 years” and that the brand has grown into a “trusted destination for everything pets need”. Pet Planet added: “We pride ourselves on offering a wide variety of high-quality products and building lasting relationships with our customers.” The company has not spoken on its social media about going into administration. The most recent post is from April 5, wishing customers a happy easter. Pet Planet launched in July 1999, according to Companies House, and has since sold everything from pet food to toys to litter.

It comes after UK business administrations surged 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, representing a 14% increase compared to January 2025. By late February, insolvency rates remained elevated with significant retail and hospitality pressures.

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, said 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 brands that have recently gone into administration include National Car Parks (NCP), which has been in business for almost 100 years, and Denby Pottery, which has been trading since 1809 and is known worldwide.