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.

Pizza Express draw up plans for a CVA

CVA talks for Pizza Express

04 August 2020

Plans last month of Pizza Express drawing up a CVA proposal and...

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Drayton Manor file a notice of intention

French firm rescues Drayton Manor from administration

Update...

Drayton Manor has been sold out of administration to French firm,...

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Itsu to propose a CVA

Itsu to propose a CVA

Grab-and-go sushi chain, Itsu has launched a CVA to secure rent cuts at 53 of...

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M&Co seek new investors following fall in sales

M&Co becomes the latest high street pre-pack

03 August 2020

Family owned retailer, M&Co will close around 50 of its 260...

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Administration for DW Sports with 1,700 jobs at risk

Administration for DW Sports with 1,700 jobs at risk

DW Sports falls into administration, putting 1,700 jobs at risk.

The...

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Byron Burgers in Administration Notice

Byron Burgers flips out of administration, saved by a pre-pack

31 July 2020

Sky News reports that Byron Burgers will be sold to Calveton UK as...

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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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Business Loans for Companies and Businesses During The Coronavirus Crisis

Business Loans for Companies and Businesses During The Coronavirus Crisis

Through this period of disruption, the Chancellor has set out a package of...

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Hotter plan to launch a CVA

Hotter Shoes to close 46 stores as CVA gets the green light

31 July 2020

Hotter Shoes can move forward with its plans to permanently close...

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Montgomery teams up with Endless in takeover bid for regional newspaper group Archant

Montgomery teams up with Endless in takeover bid for regional newspaper group Archant

David Montgomery’s listed vehicle, National World, and investment firm, Endless,...

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CVA on the menu for Pizza Hut UK

CVA on the menu for Pizza Hut UK

Pizza Hut becomes the latest restaurant chain to place a financial restructuring...

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