Talk to us today in confidence0800 970053907833 240747

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.

KSA Group Saves 25 jobs after pre-packaged administration sale

KSA Group Saves 25 jobs after pre-packaged administration sale

Eric Walls and Wayne Harrison are delighted to announce the sale of a 40 year...

Read more

Convenience Store Giant McColl's Collapses into Administration

Morrisons Is To Buy McColls in A Pre Pack Administration

Update 09 May 2022

Morrisons rescues McColls in a Pre Pack Administration...

Read more

Monthly Insolvency Statistics: March 2022

Monthly Insolvency Statistics: March 2022

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

Read more

Liquidation served for The Academy of Live and Recorded Arts (ALRA)

Liquidation served for The Academy of Live and Recorded Arts (ALRA)

Shared by The Insolvency Service on the Government website today, The Academy of...

Read more

Rescue deal on the table for TM Lewin following its second collapse in two years

Rescue deal on the table for TM Lewin following its second collapse in two years

07 April 2022

Following the administration of TM Lewin a few weeks ago, an...

Read more

Winding up petitions and ‘The Coronavirus Test’

Winding up petitions and ‘The Coronavirus Test’

Here discussed are two recent cases which consider what is called the...

Read more

London-based arm of VTB nears collapse

London-based arm of VTB nears collapse

The London arm of VTB Bank is close to collapse, as reported by Sky News.

The...

Read more

Restrictions on all creditors actions end this month

As of April 1, 2022, any remaining temporary insolvency measures will be lifted....

Read more

Landlords can aggressively collect rent again

Landlords can aggressively collect rent again

Legislation had been enacted that stopped landlords forfeiting leases, issuing...

Read more

UK arm of Sungards is forced into administration

Due to mounting energy costs and no agreement being made with landlords over...

Read more

Gazprom's UK trading arm seeks buyout as insolvency looms

Gazprom's UK trading arm seeks buyout as insolvency looms

Bosses at Manchester-based, Gazprom Energy, have been seeking a potential buyout...

Read more

800 employees made redundant from P & O Ferries, but administration is not on the cards, they say

800 employees made redundant from P & O Ferries, but administration is not on the cards, they say

800 staff have been made redundant by P&O Ferries, with immediate effect, but we...

Read more

You are currently offline. Some pages or content may fail to load.