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.
See this page on Help for Companies affected by Coronavirus. It will be updated daily.
Next appear a perfect fit for Victoria's Secret
15th September 2020
Next has oficially signed its joint venture deal for the UK...
Archant calls on CVA and pension lifeboat in rescue deal
Archant, one of Britain’s oldest newspaper publishers, is turning to the...
Pre-pack deal rescues Travelex, but results in the loss of 1,300 jobs
Foreign exchange firm, Travelex, collapsed into administration, with the...
CVA eyed up by River Island
River Island becomes the latest retailer to eye up a Company Voluntary...
French firm rescues Drayton Manor from administration
Update...
Drayton Manor has been sold out of administration to French firm,...
Montgomery teams up with Endless in takeover bid for regional newspaper group Archant
David Montgomery’s listed vehicle, National World, and investment firm, Endless,...
Go Outdoors creditors to get just 1p in the £1
20 July 2020
It is heard that unsecured creditors of Go Outdoors, may just get...
Zizzi and Ask Italian owner secures rescue deal which includes 75 store closures
Azzurri Group, the owner of Zizzi and Ask Italian, has been sold out of...
Oliver Sweeney falls into administration
Oliver Sweeney is heard to have called in administrators for its retail...
Monthly Insolvency Statistics: June 2020
The Insolvency Service publish the third release in its monthly series to...
Talks with interested parties progress over buying Casual Dining Group
12 July 2020
It has been reported that Epiris, the buyout firm, is having...
Over 24,000 jobs have been lost so far in 2020 by UK retailers alone
New research from the Centre for Retail Research (CRR), reports that over 24,000...
The Ultimate Guide For Worried Directors
Worried about poor cashflow? Covid-19?, How to pay wages on pay day? For expert advice on a range of issues download our free Ultimate Guide For Worried Directors today. Or just call us on 0800 9700539
Please note that the guide includes updates due to Covid-19 For instance there have been some changes to insolvency legislation that limits creditors actions and relaxes rules regarding wrongful trading. A new 20 day moratorium for distressed businesses has also been introduced.