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.
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Pre-pack for Côte saves 94 restaurants and 3148 jobs
Côte Restaurants has been acquired by new investors under a pre-pack...
Wasabi becomes the latest casual dining chain to launch a CVA
Grab-and-go sushi and bento chain, Wasabi, becomes the latest casual dining...
French firm rescues Drayton Manor from administration
Update...
Drayton Manor has been sold out of administration to French firm,...
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...
Talks with interested parties progress over buying Casual Dining Group
12 July 2020
It has been reported that Epiris, the buyout firm, is having...
Elliott Advisers expresses interest in buying the whole of Casual Dining Group
6 July 2020
American hedge fund, Elliot Advisors plots a takeover of Casual...
Restaurants going bust not just because of Coronavirus
Even before the Covid-19 crisis the casual dining sector was in serious trouble...
One in Five UK businesses are financially distressed
New and unsurprising figures show that retailers form a significant part of the...
Thomas Cook In Liquidation
At 2am this Monday morning, the UK Civil Aviation Authority announced that...
SpudULike shut all 37 branches overnight, leaving 300 staff shocked and jobless
SpudULike, the baked potato fast food chain, has closed all of its 37 branches,...
Nigel Fredericks Enters Administration
London-based meat and poultry wholesaler, Nigel Fredericks Trading Limited, has...
Flybmi Goes into Administration
Flybmi, British regional airline has fallen into administration after being...
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