Some investors complained of "daylight robbery" after Bowers explained that Hibu UK, a subsidiary of hibu Plc, had withdrawn funding to the group, which led to the directors calling in administrators.
U.K. biotech group Bioglan said it ceased trading and was calling in administrators upon failing to persuade banks to restructure its debts; U.S. group ICN Pharmaceuticals had said it had pulled out of acquiring Bioglan.
The insolvency practitioners are currently acting as interim managers after a defect in the administration process over Financial Services Authority approval to call in administrators at Rangers.
HMV called in administrators in early January after poor Christmas sales.
A spokeswoman for SCS said the company had no plans to call in administrators.
Albemarle called in administrators at the end of March after its lenders pulled the plug.
It called in administrators last month as debts mounted to £385m.
It continued to struggle and the banks called in administrators on Thursday.
The company, which has debts of £170m, called in administrators last month after poor Christmas sales.
The retailer called in administrators on Monday, putting almost 11,000 jobs at risk.
Setanta called in administrators Deloitte last Wednesday, owing £300m, and the UK channels shut down that night.
