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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.

Less than 7 Days Before The End of Furlough

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So, as the pandemic starts to come to an end (of sorts),...

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An update on Kelham Hall post-rescue

September 2021

An update on the most recent affairs of rescued, Kelham Hall.

A...

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Derby County Goes Into Administration

Derby County Goes Into Administration

Andrew Hosking, Carl Jackson and Andrew Andronikou, managing directors at...

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Energy suppliers hit by crisis as Avro Energy and Green collapse

Energy suppliers hit by crisis as Avro Energy and Green collapse

22 September 2021

Not even 24 hours since the last news update and we have...

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Chilled foods distributer, EVCL Chill, is on the brink of collapse

Chilled foods distributer, EVCL Chill, is on the brink of collapse

EVCL Chill, the chilled foods distributor, is on the brink of collapse following...

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Monthly Insolvency Statistics: August 2021

Monthly Insolvency Statistics: August 2021

The Insolvency Service publish the seventeenth release of its monthly series to...

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Buddy Loans, the guarantor lender, enters administration

Advancis LTD, the guarantor lender which trades as Buddy Loans, has entered...

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Tricorn to Appoint Administrators

Worcestershire-based tubing manufacturer, Tricorn could be placed into...

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Liquidation Sale Sign

What is Company Liquidation?

What does it mean when a company goes into liquidation? What happens to it...

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O’Keefe Construction (Greenwich Ltd) CVA Approved

O’Keefe Construction (Greenwich Ltd) CVA Approved

Update 9th September 2021

Suppliers to civils contractor O’Keefe Construction...

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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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Poundstretcher's approved CVA leads to more than 60 of its landlords serving notice

Poundstretcher's approved CVA leads to more than 60 of its landlords serving notice

2021 September update:

After demanding rent reductions as part of a...

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