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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.

Monthly Insolvency Statistics: August 2021

Monthly Insolvency Statistics: August 2021

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

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Buddy Loans, the guarantor lender, enters administration

Advancis LTD, the guarantor lender which trades as Buddy Loans, has entered...

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Tricorn to Appoint Administrators

Worcestershire-based tubing manufacturer, Tricorn could be placed into...

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Liquidation Sale Sign

What is Company Liquidation?

What does it mean when a company goes into liquidation? What happens to it...

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O’Keefe Construction (Greenwich Ltd) CVA Approved

O’Keefe Construction (Greenwich Ltd) CVA Approved

Update 9th September 2021

Suppliers to civils contractor O’Keefe Construction...

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Poundstretcher's approved CVA leads to more than 60 of its landlords serving notice

Poundstretcher's approved CVA leads to more than 60 of its landlords serving notice

2021 September update:

After demanding rent reductions as part of a...

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FRC Launches Formal Complaint Against KPMG Regarding Carillion Collapse

FRC Launches Formal Complaint Against KPMG Regarding Carillion Collapse

Update 6th September 2021

UK audit watchdog, the Financial Reporting Council...

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New figures suggest that 50 shops closed each day in the first six months of 2021

New figures suggest that 50 shops closed each day in the first six months of 2021

According to new research findings, more than 8,700 (8,739) chain stores of...

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Liquidation for DAC Pensions

The Cambridgeshire-based Financial Conduct Authority (FCA) registered...

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UK business confidence rises to its highest level in four years

UK business confidence rises to its highest level in four years

According to the latest survey findings of the Lloyds Bank Business Barometer,...

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83% of UK department store space has shut down since 2016

83% of UK department store space has shut down since 2016

79 stores remain today compared to 467, five years ago While 388 department...

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All Foundations (UK) Sold in Pre Pack Administration

Piling contractor All Foundations (UK), which has a turnover of £13m and 35...

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