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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.

Retail sales improve in January after a weak end to 2019

Retail sales improve in January after a weak end to 2019

New findings from the Office for National Statistics show that, after falls in...

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Laundrapp bought after going into administration

On-demand laundry service, Laundrapp, known as the ‘’uber of dry cleaning’’ has...

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North-East fish processing firm goes into administration

Workers at Prime Seafoods Factories in Peterhead and Fraserburgh were left...

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Can 265-year-old Axminster Carpets avoid administration again?

Axminster Carpets' rescue deal falters

Update 19th February 2020 

Axminster Carpets has called in Duff & Phelps as...

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Beales Department Store collapses into administration

Beales Department Store to close its remaining stores

19 February 2020

Last month department chain, Beales, fell into administration....

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Finest Dental Chain Goes into Liquidation

Finest Dental Chain Goes into Liquidation

Finest Dental in Central Milton Keynes closed its doors earlier this month and...

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laura ashley

Laura Ashley in trouble again just a year after going into administration

Laura Ashley, the fashion and home retailer, saw its shares fall today by 41%...

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muddy runners

Successful sale of Tough Mudder Ltd to Spartan Race Inc

13th February 2020

After fears over the future for Tough Mudder arose last...

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Insolvencies rise 5% in 2019

Insolvencies rise 5% in 2019

According to the latest research by accountancy firm KPMG the number of...

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The Book People has gone into administration

The Book People to end operations by Easter

05/02/2020:

No buyer has been sought for The Book People after its fall into...

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French Connection Up For Sale

French Connection no longer up for sale

UPDATE 2nd February 2020:

FCUK has announced that a buyer is no longer being...

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Aston Martin given breathing space in new rescue deal

Aston Martin given breathing space in new rescue deal

Aston Martin, the luxury UK car marker, has shared its plans to raise £500m...

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