Just a quick note to say a big thank you to all the staff at KSA, our CVA was passed today by creditors voting in an overwhelming number including HMRC to accept the proposal as prepared by KSA.
The road to reach today’s conclusion has been bumpy, but at each stage your team has supported and guided us through the issues and we have reached a very satisfactory outcome to the benefit of customers, staff, all creditors and shareholders.
News of Companies That Have Gone Bust in the UK

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.
Monthly Insolvency Statistics: March 2021
The Insolvency Service publish the twelfth release, of its monthly series to...
Some Bonmarche stores may never reopen
April 2021
Many jobs are at risk at Bonmarché as administrators decide how many...
Restructuring battle looms between car park operator NCP and its landlords
It has been shared by Sky News that the British Property Federation has begun...
The UK arm of Brooks Brothers goes into administration as suits fall out of fashion
The UK division of Brooks Brothers, the US business attire retailer, has gone...
What is Company Liquidation?
What does it mean when a company goes into liquidation? What happens to it...
Peacocks administrator finalises a rescue deal
6 April 2021
The deal has been finalised! Peacocks has been bought out of...
The Covid Recovery Loan Scheme
Launching on the 6th April 2021 is the Recovery Loan Scheme.
It is open until...
Help for Companies and Businesses Affected by Coronavirus (COVID-19) and Lockdown
Coronavirus (COVID-19) has meant that the Government banks and other...
Winding up petitions and ‘The Coronavirus Test’
Here discussed are two recent cases which consider what is called the...
Jessops In Administration Move for 3rd Time
Jessops has filed a notice to appoint adminstrators for the 3rd time since 2013....
Biggest Irish pub in Manchester has officially closed for good.
Waxy O’Connors one of Manchester’s best-loved Irish bars has closed its doors...
The Death of Pre Pack Administration to Connected Directors & Shareholders?
New laws regarding Pre Pack Administrations come in April 2021. It mainly...
The Ultimate Guide For Worried Directors
Worried about poor cashflow? Covid-19?, How to pay wages on pay day? For expert advice on a range of issues download our free Ultimate Guide For Worried Directors today. Or just call us on 0800 9700539
Please note that the guide includes updates due to Covid-19 For instance there have been some changes to insolvency legislation that limits creditors actions and relaxes rules regarding wrongful trading. A new 20 day moratorium for distressed businesses has also been introduced.