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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.

100 Days Before The End of Furlough

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So, as the pandemic starts to come to an end (of sorts),...

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Kelham Hall Calls in Administrators

Kelham Hall, a popular wedding venue near Newark, has called in administrators...

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Report into Carillion Collapse Blames Directors and Auditors

Report into Carillion Collapse Blames Directors and Auditors

Update 24th June 2021

The liquidators of Carillion have sent a letter before...

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HMRC to Force Insolvency As Last Resort

In not an altogether surprising letter written by Business Secretary, Kwasi...

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Itsu - after its CVA

Itsu - after its CVA

June 2021

Itsu confirmed a deal for a CVA last summer which involved two of the...

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Personal liability For Bounce Back Loans

Personal liability For Bounce Back Loans

Bounce Back Loans were aimed at smaller businesses and directors would not be...

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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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Moratorium on tenant evictions is further extended until September 2021

16 June 2021

Restructruing trade body group, R3 has shared that the ban on the...

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NCP Urges Landlords to Vote In Favour of Restructuring to Avoid Administration

NCP Urges Landlords to Vote In Favour of Restructuring to Avoid Administration

15 June 2021

NCP has warned landlords that it is likely to have to go into...

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Monthly Insolvency Statistics: May 2021

Monthly Insolvency Statistics: May 2021

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

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Stobart Air collapses into liquidation

Stobart Air collapses into liquidation

14 June 2021

Following the collapse of Stobart Air, its parent company, Esken...

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Vital Infrastructure Asset Management (VIAM) Formerly King Construction Goes into Administration

Administrators have been called into Vital Infrastructure Asset Management...

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