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News of Companies That Have Gone Bust in the UK

closing down sign

The listings included on this page are of companies that have gone into administration, CVA or liquidation.  It is not a definitive list but a summary of the major company failures in the UK. 

Why do companies go bust?

It should be noted that a company “failing” or closing down is not the same thing as one going bust. A failing business can be defined as one that has not been successful in its aims. If it can’t generate enough money to pay its owners/shareholders then it might just cease trading and the directors wind up the company. There are thousands of such ventures and many of the owners/directors have another go and may well go on to succeed.

Going bust is basically where the business cannot continue in its present form, as it owes too much money and the creditors want it back! These creditors can be; HMRC, Banks or other Lenders, Trade Suppliers.

It should also be noted that an insolvent company i.e one that owes its creditors more than it has in cash/assets, is not actually bust. It can continue as long as it has cash to pay for essential activities and no one is putting pressure on the business to repay the debt.

See this page on Help for Companies affected by Coronavirus. It will be updated daily.

Debenhams seeks landlords support for new restructuring plan

Debenhams: Administrators thought to be appointed as soon as next week

03 April 2020

Debenhams is facing administration for a second time, with...

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help for business

Help for Companies and Businesses Affected by Coronavirus (COVID-19) and Lockdown

Coronavirus (COVID-19) has meant that the Government banks and other...

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Business Loans for Companies and Businesses During The Coronavirus Crisis

Business Loans for Companies and Businesses During The Coronavirus Crisis

Through this period of disruption, the Chancellor has set out a package of...

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Administration for womenswear brand Autonomy

Womenswear clothing brand Autonomy enters administration with all its 44...

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A spike in the amount of UK companies going into liquidation

A spike in the amount of UK companies going into liquidation

Data gathered from The London Gazette – the official public record site-...

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Laura Ashley files for administration amid the Coronavirus outbreak

Amendments to the number of jobs at risk for Laura Ashley

01.04.2020

After filing for administration last week, there has been amendments...

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Rent-to-own giant BrightHouse puts administrators on standby

BrightHouse falls into administration

30 March 2020

BrightHouse collapses into administration with administrators,...

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Carluccio's Goes into Administration

Carluccio's Goes into Administration

30.03.2020

Carluccio's has gone into administration, blaming challenging...

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Government to reshape insolvency laws due to coronavirus outbreak

At the government’s latest daily coronavirus media briefing from Downing Street,...

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Administrators called in for tex-mex chain Chiquito

Administrators called in for tex-mex chain Chiquito

The majority of Tex-Mex dining chain, Chiquito, is to close after the owner of...

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Intu warns it could go bust unless it can raise additional finance

Intu warns it could go bust unless it can raise additional finance

Update; Intu have only managed to collect 30% of their rents this quarter day...

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UK Government aid for the self-employed unveiled

UK Government aid for the self-employed unveiled

It was announced in the latest speech by the Chancellor that self-employed...

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