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News of Companies That Have Gone Bust in the UK

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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.

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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Monthly Insolvency Statistics: January 2021

Monthly Insolvency Statistics: January 2021

The Insolvency Service publish the tenth release, and the first for 2021, of...

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Arcadia collapses with a £510m pension deficit and £800m owed to creditors

Arcadia collapses with a £510m pension deficit and £800m owed to creditors

19 February 2021

Some outcomes of Arcadias collapse have been revealed:

...

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Almost a third of business owners do not expect to be able to start trading again in 2021

Almost a third of business owners do not expect to be able to start trading again in 2021

Insolvency Practitioners KSA Group Ltd, through their website...

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Pre pack pool: How does it work and how much does it cost?

From 2nd November 2015, there have been changes to the way pre-pack...

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Pre-pack administration for Prezzo, with 216 jobs lost

Pre-pack administration for Prezzo, with 216 jobs lost

10 February 2021

22 Prezzo restaurants are to permanently close after Cain...

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Footwear chain Dune launch a CVA

Footwear chain Dune launch a CVA

10 February 2021

Following restructuring talks with landlords and the...

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Company Insolvencies in Q4 2020 were lower compared to that of Q4 2019 for England, Wales, Scotland and Northern Ireland

Company Insolvencies in Q4 2020 were lower compared to that of Q4 2019 for England, Wales, Scotland and Northern Ireland

The statistics for Company Insolvencies in UK, Northern Ireland and Scotland for...

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Companies House put a month long halt on strike-off process

Companies House put a month long halt on strike-off process

Companies House is to put a halt on voluntary and compulsory strike-off...

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Paperchase saved by a pre-pack

Paperchase saved by a pre-pack

28 January 2021

Paperchase has been rescued by a pre-pack administration to...

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Boohoo acquires Debenhams in £55m deal but all stores to close

Boohoo acquires Debenhams in £55m deal but all stores to close

25 January 2021

Boohoo, the fashion retailer, has paid £55m to purchase...

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Administration for company behind Londons' Richoux  and Villagio

Administration for company behind Londons' Richoux and Villagio

The firm behind London’s century-old Richoux afternoon tea rooms and a list of...

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