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.

Liquidation Sale Sign

What Does Liquidation Mean?

What does it mean when a company is liquidated and what happens to it...

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Monthly Insolvency Statistics: August 2020

Monthly Insolvency Statistics: August 2020

The Insolvency Service publish the fifth release in its monthly series to...

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Aspinal of London launches CVA proposal

Aspinal of London launches CVA proposal

Aspinal of London, the leather goods and handbag brand, is heard to be seeking a...

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Landlords want to be able to collect rent again

Landlords can't aggressively collect rent again until 2021

Landlords had written to the Government in a plea to allow them to aggressively...

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A landlord’s and tenant’s guide to commercial rent arrears recovery (CRAR)

For the better part of 250 years, landlords enjoyed the right to claim...

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Victoria's Secret UK slips into administration

Next appear a perfect fit for Victoria's Secret

15th September 2020

Next has oficially signed its joint venture deal for the UK...

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New Look gives an ultimatum to landlords

New Look landlords give green light to CVA

15th September 2020

In an unexpected outcome - New Look's creditors have...

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Business Interruption Insurance Covers Covid-19 Lockdown In Some Policies

Business Interruption Insurance Covers Covid-19 Lockdown In Some Policies

The High Court has ruled in favour of a group of insured businesses....

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How Covid-19 is impacting small and mid sized insolvency firms

How Covid-19 is impacting small and mid sized insolvency firms

COVID-19, Coronavirus. The unprecedented pandemic which is impacting us all.

In...

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Wigan Athletic Goes Into Administration

Wigan Athletic Goes Into Administration

September 2020

Despite falling into administration, Wigan Athletic have been...

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Caffe Nero appoint KPMG to assess options

Caffe Nero appoint KPMG to assess options

It is understood that high street coffee chain, Caffe Nero, is the latest to...

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Pizza Express draw up plans for a CVA

Pizza Express CVA Approved - 73 restaurants to close

7 September 2020

Pizza Express has announced that its creditors have approved...

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