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.
Some Bonmarche stores may never reopen
April 2021
Many jobs are at risk at Bonmarché as administrators decide how many...
The UK arm of Brooks Brothers goes into administration as suits fall out of fashion
The UK division of Brooks Brothers, the US business attire retailer, has gone...
Is administration going to be served for Angus Steakhouse?
It is heard tonight that KPMG has written to landlords of restaurant chain,...
Pre-pack deal brings restaurant chain Fazenda out of administration
Yorkshire based restaurant chain, Fazenda, has been saved.
City District...
Pre pack pool: How does it work and how much does it cost?
From 2nd November 2015, there have been changes to the way pre-pack...
Company Insolvencies in Q4 2020 were lower compared to that of Q4 2019 for England, Wales, Scotland and Northern Ireland
The statistics for Company Insolvencies in UK, Northern Ireland and Scotland for...
Paperchase saved by a pre-pack
28 January 2021
Paperchase has been rescued by a pre-pack administration to...
Administration for company behind Londons' Richoux and Villagio
The firm behind London’s century-old Richoux afternoon tea rooms and a list of...
Arcadia brand Outfit is to have its stores closed down by the end of the month
19 January 2021
Deloitte, administrators of Sir Philip Green's Arcadia empire...
Monthly Insolvency Statistics: December 2020
The Insolvency Service publish the ninth release in its monthly series to...
Over 175,000 retail jobs lost in 2020 by administrations, rationalisations and CVAs
Looking over some statistics for 2020 it has been sobering to discover that...
KPMG sell off four more Intu shopping centres
19 October 2020
Over a handful of Intu shopping centers have been saved...
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