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.

Monsoon in administration rumours

A further 57 stores to be saved for Monsoon Accessorize

01 July 2020

It has been reported that Monsoon Accessorize have revealed a...

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New Look gives an ultimatum to landlords

New Look gives an ultimatum to landlords

It is reported that New Look has given an ultimatum to landlords; trying to...

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Pre-pack on the cards for TM Lewin

TM Lewin rumoured to have fallen into administration

30 June 2020

It is rumoured (from an article in The Daily Mail) that TM Lewin...

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Bensons for Beds Bought By Alteri in Pre Pack Administration

Bensons for Beds Bought By Alteri in Pre Pack Administration

Update: Bensons for Beds, which operates 243 shops, has been bought in a...

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Monthly Insolvency Statistics: May 2020

Monthly Insolvency Statistics: May 2020

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

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Aldo UK collapses into administration

Aldo UK collapses into administration

The UK arm of Aldo has fallen into administration, with the impact of Covid-19...

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Johnsons Shoe Company enters administration

Johnsons Shoe Company enters administration

The family footwear business, Johnsons Shoe Company, which runs Johnsons Shoes...

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Administration for womenswear brand Autonomy

Womenswear clothing brand Autonomy enters administration with all its 44...

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Company insolvency statistics are released for Q4 2019

Company insolvency statistics are released for Q4 2019

The insolvency statistics for Q4 2019 (England, Scotland and Northern...

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Bonmarche goes into administration in latest blow to High Street

Bonmarche goes into administration in latest blow to High Street

Update

Peacocks has been named the "preferred bidder" for the business,...

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Mamas & Papas collapses into administration

Mamas & Papas collapses into administration

73 staff have been made redundant with immediate effect and 54 additional head...

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Savsé Smoothies falls into administration

Savsé Smoothies falls into administration

Declining sales, the loss of a listing in Boots and financial pressures from...

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