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.

Pre-pack and CVA being explored for Burger King

Pre-pack and CVA being explored for Burger King

Fast food giant, Burger King, is rumoured to be eyeing a range of restructuring...

Read more

Pre-pack for Côte saves 94 restaurants and 3148 jobs

Pre-pack for Côte saves 94 restaurants and 3148 jobs

Côte Restaurants has been acquired by new investors under a pre-pack...

Read more

CVA for Pizza Hut is approved

CVA for Pizza Hut is approved

28 September 2020

Pizza Hut Restaurants secures it future today as it wins a...

Read more

Could it be a CVA for Revolution Bars?

Could it be a CVA for Revolution Bars?

Revolution Bars shares how challenges to its recovery since the national...

Read more

What Directors Should Think About This Winter

News that the new Job Support Scheme from HM Government offers 22% of the cost...

Read more

Clarks plots permanent store closures

Two remaining parties interested in Clarks

24 September 2020

Hong-Kong based private equity firm, LionRock Capital and...

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

Debenhams puts itself up for sale in a last-ditch attempt to avoid collapsing into liquidation

India's richest man emerges with interest in Debenhams

23 September 2020

Though there is no certainty that his interest will develop...

Read more

Wahaca to propose a CVA

Further details of Wahaca's CVA proposals shared

22 September 2020

Almost a month after a CVA proposal for Wahaca was first...

Read more

Aldo UK collapses into administration

Aldo UK saved, 700 jobs preserved

21 September 2020

The Thai Leisure Group CVA (Company Voluntary Arrangement)...

Read more

Talks underway with ministers about extending insolvency measures

This weekend we hear the news that ministers are discussing extending the...

Read more

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