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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.

More Midlands Firms Going Bust in the Third Quarter

The number of companies entering into administration in the Midlands increased...

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Clintons looks at a CVA to put pressure on landlords

Clintons looks at a CVA to put pressure on landlords

It has been reported by Sky News that directors at Clintons, the Card retailer,...

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Mamas & Papas collapses into administration

Mamas & Papas collapses into administration

73 staff have been made redundant with immediate effect and 54 additional head...

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Mothercare logo

Mothercare UK collapse into administration

UPDATE 6/11/2019

Mothercare UK has gone into administration, with the closure...

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Savsé Smoothies falls into administration

Savsé Smoothies falls into administration

Declining sales, the loss of a listing in Boots and financial pressures from...

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Bury FC faces Winding Up Petition

Bury FC's court case gets adjourned, saving the club from liquidation

UPDATE 30/10/2019

Two weeks ago, Bury FC hit the news for being presented a...

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Owner of Supercuts goes into Administration

Owner of Supercuts goes into Administration

On Wednesday night, we saw the owner of Supercuts, one of Britains largest chain...

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quick quid logo

Is Quick Quid about to go into administration

Sky News has reported that CashEuroNet UK, which trades as the QuickQuid brand,...

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Company Voluntary Arrangement (CVA) being proposed for Supercuts and Regis Hair Salons

Update.  It appears that the CVA has failed and the firm is now in...

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Toto Energy in administration and cease trading

Toto Energy in administration and cease trading

It was just three months ago that Toto Energy took on the customers of...

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Bonmarche goes into administration in latest blow to High Street

Bonmarche goes into administration in latest blow to High Street

Bonmarche, the women’s fashion chain specialising in clothing for those aged...

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Scottish department store Watt Brothers enters administration

Scottish department store Watt Brothers enters administration

Scottish department store chain, Watt Brothers has fallen into administration...

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