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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.

Carpetright to close 92 stores as part of major restructure

Carpetright to close 92 stores as part of major restructure

Carpetright has introduced a set of sweeping measures as part of a major...

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toys r us cva

Administration risk for Toys R us

Update. 

It looks as if the situation with Toys R Us is deteriorating as Hilco...

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Dreamland uses CVA to exit administration

A Company Voluntary Arrangement (CVA), will allow this famous seaside attraction...

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Travelodge CVA: three years on

Back in 2012, the budget hotel chain was found to be in debt of £500 million and...

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Store Twenty One proposes company voluntary arrangement (CVA)

Update: The CVA has been approved by 90% of creditors, therefore it will go...

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Shoon to go into a CVA

The footwear retailer has revealed its proposals to enter a company voluntary...

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CVA approved for Love Coffee chain

A company voluntary arrangement has been approved by the majority of creditors,...

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