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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.

See this page on Help for Companies affected by Coronavirus. It will be updated daily.

Victoria's Secret UK slips into administration

Next appear a perfect fit for Victoria's Secret

15th September 2020

Next has oficially signed its joint venture deal for the UK...

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Accident Repair Logo

Nationwide Accident Repair Services Goes Into Administration

Nationwide Accident Repair Services has gone into administration as car...

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Administration for DW Sports with 1,700 jobs at risk

Mike Ashley rescues DW Sports from administration

24 August 2020

Mike Ashley buys rival gym and fitness business, DW Sports from...

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Byron Burgers in Administration Notice

Byron Burgers flips out of administration, saved by a pre-pack

31 July 2020

Sky News reports that Byron Burgers will be sold to Calveton UK as...

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CMV logo

CMV goes into administration

Update 21/07/2020: 

CMV has gone into administration as the rescue attempt...

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Cafe Rouge Owner Goes into Administration

Talks with interested parties progress over buying Casual Dining Group

12 July 2020

It has been reported that Epiris, the buyout firm, is having...

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oasis fashion logo

Boohoo to purchase the online businesses of Oasis and Warehouse

17/06/2020

Almost two months after Hilco Capital secured a deal to buy the...

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Le Pain Quotidien to go into administration

Rescue deal secured for Le Pain Quotidien

13 June 2020

Troubled cafe chain, Le Pain Quotidien has been rescued after...

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Quiz Clothing Stores Division to Go Into Administration

Kast Retail Limited, the division of Quiz which runs its 82 standalone stores in...

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Sandwich maker and food-to-go supplier Adelie collapses

Adelie, one of the UK’s biggest sandwich makers and food-to-go suppliers, has...

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Specialist Leisure Logo

Shearings and National Holidays Owner Specialist Leisure Goes into Administration

Northern-based Specialist Leisure Group (SLG) which operated Shearings, National...

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Bella Italia owner in talks with creditors about a restructuring

Bella Italia owner in talks with creditors about a restructuring

Just hours after the below news was shared, we are informed that the owner of...

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A Worried Director

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. 

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