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.

Coach firm National Holidays revived after collapse of its parent company

Coach firm National Holidays revived after collapse of its parent company

Despite its parent company falling into administration earlier this year,...

Read more

health and safety logo

Companies will be fined by Health and Safety Executive If They Are Not Covid Secure

The Health and Safety Executive (HSE) has said they will doing checks on...

Read more

Cafe Rouge Owner Goes into Administration

Talks with interested parties progress over buying Casual Dining Group

12 July 2020

It has been reported that Epiris, the buyout firm, is having...

Read more

Sir Richard Bransons' Virgin Atlantic Airways puts advisers on standby

Virgin Atlantic trying to secure rescue deal

12.07.2020

This weekend, Virgin Atlantic are trying to secure a £1 billion...

Read more

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...

Read more

Hotter plan to launch a CVA

Hotter submits CVA proposal

10 July 2020

It is reported that shoe retailer, Hotter, has submitted its...

Read more

All Saints propose CVA

All Saints CVA given the green light

7 July 2020

All Saints has had its CVA proposals approved by the 75 per cent of...

Read more

Specialist turnaround funds look to take control of some British restaurant chains

Elliott Advisers expresses interest in buying the whole of Casual Dining Group

6 July 2020

American hedge fund, Elliot Advisors plots a takeover of Casual...

Read more

Poundstretcher's CVA Approved

Poundstretcher's CVA Approved

Update: Poundstretchers has had its CVA proposal approved. 

More than 90 per...

Read more

Over 24,000 jobs have been lost so far in 2020 by UK retailers alone

Over 24,000 jobs have been lost so far in 2020 by UK retailers alone

New research from the Centre for Retail Research (CRR), reports that over 24,000...

Read more

Personal liability For Bounce Back Loans

Personal liability For Bounce Back Loans

Bounce Back Loans were aimed at smaller businesses and directors would not be...

Read more

Monsoon in administration rumours

A further 57 stores to be saved for Monsoon Accessorize

01 July 2020

It has been reported that Monsoon Accessorize have revealed a...

Read more

You are currently offline. Some pages or content may fail to load.