Today's Company Going Into Administration Is

China and ceramics firm Waterford Wedgwood.

The firm say that they expect to call in the administrators to its UK arm today.

It has also requested that its shares be suspended from trading on the Irish Stock Exchange with immediate effect.

Sadly, this undoubtedly won't be the last big name to buckle under in 2009.

The last of the Woolies stores to close shut their doors for the last time this week.

Marks & Spencer are expected to report its worst Christmas trading in decades later this week, despite holding its first pre-Christmas sale in a generation in November, and discounting heavily in December.