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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.

help for business

Help for Companies and Businesses Affected by Coronavirus (COVID-19)

Coronavirus (COVID-19) has meant that the Government banks and other...

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Monthly Insolvency Statistics: December 2021

Monthly Insolvency Statistics: December 2021

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

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£4.3bn of Covid Help Written Off Due to Fraud

The Treasury has admitted that over £4.3bn of Covid help is likely to be written...

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Hospitality Industry Suffers Huge Hit To Sales Over Festive Period

Hospitality Industry Suffers Huge Hit To Sales Over Festive Period

The hospitality industry suffered big sale declines in the last week of the...

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Liquidation Sale Sign

What Happens To A Company When It Goes Into Liquidation?

If a company goes into a liquidation process, its assets, i.e. property and...

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Energy Suppliers That Have Gone Bust

Energy Suppliers That Have Gone Bust

10 January 2022

Following on from the recent news of Together Energys' likely...

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stressed looking director

What Directors of Companies with Debts Need to Know in 2022

Here is what we, in the insolvency world, know now after the last 12 months of...

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Creditors of collapsed construction company NMCN face £115m losses

Creditors of collapsed construction company NMCN face £115m losses

10 January 2022

News has been shared today that the unsecured creditors of...

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Teletext Holidays and Alpharooms enter liquidation

Teletext Holidays and Alpharooms enter liquidation

Today, the Travel Trust Association revoked the membership of Travel giants,...

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Gieves & Hawkes Owner To Go Into Liquidation

Gieves & Hawkes Owner To Go Into Liquidation

The famous Gieves and Hawkes Savile Row tailor is in danger of being lost...

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Women's team, Coventry United, rescued from liquidation

Women's team, Coventry United, rescued from liquidation

Just last month, Women’s Championship team, Coventry United, entered voluntary...

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Liquidation talks for Trinity Group

Liquidation talks for Trinity Group

Trinity Group, which owns Gieves & Hawkes (suit tailor), Kent & Curwen (men’s...

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