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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.  Once a company has a winding up petition issued against it this tends to crystallise the situation.

Pollen Goes Into Administration

Following the withdrawal of a winding up petition last week it looks as if...

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Events Company Pollen Gets Winding Up Petition Withdrawn

The events company, Pollen, that is backed by taxpayers money via the Future...

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Q2 2022: Company Insolvency Statistics

Q2 2022: Company Insolvency Statistics

The company insolvency statistics for the second quarter of 2022 (April to June)...

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5000 Fish and Chip Shops May Close

5000 Fish and Chip Shops May Close

Half of Britain’s fish and chip shops could be forced to close due to soaring...

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New Recovery Loan Scheme To Be Launched in August

The Recovery Loan Scheme (RLS) is to be relaunched in August for a two year...

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cranes on construction site

Pressure facing Construction sector

It has been widely reported that there a lot of stresses facing the construction...

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Monthly Insolvency Statistics: June 2022

Monthly Insolvency Statistics: June 2022

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

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Only a third of restaurant and bar firms are profitable, according to recent research

Only a third of restaurant and bar firms are profitable, according to recent research

According to figures released by industry bodies; the British Beer and Pub...

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Report suggests that a quarter of UK retailers could go bust in four weeks

Report suggests that a quarter of UK retailers could go bust in four weeks

According to a recent report from Brightpearl, a major software supplier to...

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Two directors of Arena TV made bankrupt

Two directors of Arena TV made bankrupt

After Richard Yeowart (owner) and Robert Hopkinson (co-director), of Arena...

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Monthly Insolvency Statistics: May 2022

Monthly Insolvency Statistics: May 2022

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

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Westfield Sports Cars Goes Into Administration

The Dudley-based sports car manufacturing company Westfield has gone into...

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