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.

New Look gives an ultimatum to landlords

New Look secure an agreement with creditors to reduce debt

13 August 2020

New Look has announced it has reached an agreement with its...

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CVA approved for The Baird Group

12 August 2020

Creditors of The Baird Group, one of the licencees for Ben...

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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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Select consider yet another CVA

Select consider yet another CVA

Fashion retailer, Select is said to be considering launching another company...

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WHSmith demand rent cuts from landlords

WHSmith demand rent cuts from landlords

WHSmith is reportedly demanding rent cuts from its landlords, just days after it...

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Pre-pack deal rescues Travelex, but results in the loss of 1,300 jobs

Pre-pack deal rescues Travelex, but results in the loss of 1,300 jobs

Foreign exchange firm, Travelex, collapsed into administration, with the...

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Advisers drafted in for a strategic review of Jigsaw

Jigsaw is close to become the next high street retailer to launch a CVA

6 August 2020

Sources say Jigsaw is near to becoming the next high street chain...

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YO! Sushi joins the list of restaurant chains exploring a CVA

YO! Sushi joins the list of restaurant chains exploring a CVA

Sushi chain, YO!, adds to the list of restaurant chains exploring the insolvency...

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M&Co seek new investors following fall in sales

M&Co becomes the latest high street pre-pack

05 August 2020

Family owned retailer, M&Co will close around 47 of its 260...

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CVA eyed up by River Island

CVA eyed up by River Island

River Island becomes the latest retailer to eye up a Company Voluntary...

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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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