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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.

Hawkins Bazaar in administration Again!

Hawkins Bazaar in administration Again!

Toy Retailer, Hawkins Bazaar enters administration with the future of its 20...

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Handmade Burger Company falls into administration

Handmade Burger Company falls into administration

The challenges of the casual dining market due to the overcapacity in the sector...

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Beales Department Store collapses into administration

Beales Department Store collapses into administration

One of Britain’s oldest department stores, Beales, has collapsed into...

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HonestJohn.co.uk has gone into administration

HonestJohn.co.uk has gone into administration

The consumer motoring website, Honest John, has gone into administration.  This...

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One in Five UK businesses are financially distressed

One in Five UK businesses are financially distressed

New and unsurprising figures show that retailers form a significant part of the...

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Flybe saved by Government Deferring Tax Bill

Rescue plan agreed for Flybe

UPDATE 15.01.2020

After a day of talks with the governmental departments, the...

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Game urge landlords to propose more realistic rents as part of a rationalisation programme

Game urge landlords to propose more realistic rents as part of a rationalisation programme

Today we hear that video game chain, Game, has urged its landlords to become...

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Brocket Hall likely to go into administration following second winding up petition in 12 months

Brocket Hall likely to go into administration following second winding up petition in 12 months

It is likely that Brocket Hall, near Welwyn Garden City, will go into...

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Three restaurant directors have been disqualified after submitting inaccurate tax returns

Three restaurant directors have been disqualified after submitting inaccurate tax returns

Jalal Ahmed of Southsea, Satokh Singh Dhanda and Mohammad Motiur Rahman, both of...

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Hotel industry suffers to Airbnbs' advantage

Hotel industry suffers to Airbnbs' advantage

It is quite interesting to hear that whilst there has been a rise in...

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chilango logo

Chilango confirms it is proposing a Company Voluntary Arrangement (CVA)

UPDATE:

New reports inform us that the investors who took out a burrito bond in...

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