Just a quick note to say a big thank you to all the staff at KSA, our CVA was passed today by creditors voting in an overwhelming number including HMRC to accept the proposal as prepared by KSA.
The road to reach today’s conclusion has been bumpy, but at each stage your team has supported and guided us through the issues and we have reached a very satisfactory outcome to the benefit of customers, staff, all creditors and shareholders.
News of Companies That Have Gone Bust in the UK

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
Eric Walls and Wayne Harrison are delighted to announce the sale of a 40 year...
Morrisons Is To Buy McColls in A Pre Pack Administration
Update 09 May 2022
Morrisons rescues McColls in a Pre Pack Administration...
Monthly Insolvency Statistics: March 2022
The Insolvency Service publish the latest release of its monthly series to...
Liquidation served for The Academy of Live and Recorded Arts (ALRA)
Shared by The Insolvency Service on the Government website today, The Academy of...
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...
Winding up petitions and ‘The Coronavirus Test’
Here discussed are two recent cases which consider what is called the...
London-based arm of VTB nears collapse
The London arm of VTB Bank is close to collapse, as reported by Sky News.
The...
Restrictions on all creditors actions end this month
As of April 1, 2022, any remaining temporary insolvency measures will be lifted....
Landlords can aggressively collect rent again
Legislation had been enacted that stopped landlords forfeiting leases, issuing...
UK arm of Sungards is forced into administration
Due to mounting energy costs and no agreement being made with landlords over...
Gazprom's UK trading arm seeks buyout as insolvency looms
Bosses at Manchester-based, Gazprom Energy, have been seeking a potential buyout...
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...
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