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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.

Money Shop closes suddenly and is likely to go into liquidation

Money Shop closes suddenly and is likely to go into liquidation

The Money Shop, which used to specialise in payday loans but more lately into...

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Monsoon's CVA Published Ahead of Creditors Meeting

Monsoon's CVA Published Ahead of Creditors Meeting

Monsoon and Accessorize's long awaited CVA proposal has been published and the...

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Bathstore in Administration Rumours

Bathstore in Administration Rumours

With the current pressure on the High Street, Bathstore looks likely to become...

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Retailers increasingly turn to CVAs to restructure their businesses

Retailers increasingly turn to CVAs to restructure their businesses

UK high street flagging as retailers increasingly turn to CVAs

Figures from the...

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Company Voluntary Arrangements (CVAs) are not just for large national retailers!

We have seen recently a spate of large businesses such as Jamie's Italian, Byron...

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Nigel Fredericks Enters Administration

Nigel Fredericks Enters Administration

London-based meat and poultry wholesaler, Nigel Fredericks Trading Limited, has...

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Top 20 cost-saving tips for businesses

Top 20 cost-saving tips for businesses

You should set up a daily cashflow to control all cash in and out. This may...

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Shaylor Group Set To Go Into Administration

Shaylor Group, the Birmingham-based building contractor, has laid off 250 staff...

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Arcadia's Topshop to go into a CVA

Arcadia's CVA has been approved _ Topshop

Update 12th June 2019:

Arcadia's CVA has been approved

Keith Steven, CVA...

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Quinn Radiators has fallen into administration

Quinn Radiators, of Newport, has fallen into administration, with Grant Thornton...

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Loot Financial Services Has Gone Into Administration

Loot Financial Services Ltd has fallen into administration. Henry Shinners and...

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What triggers administration and who can appoint an administrator?

What triggers administration and who can appoint an administrator?

Administration is a formal insolvency procedure whereby control of the business...

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