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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.

SpudULike shut all 37 branches overnight, leaving 300 staff shocked and jobless

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,...

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Two Travel Booking Sites collapse as Malvern Group enter Administration

Two Travel Booking Sites collapse as Malvern Group enter Administration

Travel booking sites, LateRooms.com and Super Break have collapsed after parent...

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Insolvency Statistics show an increase in company insolvencies

Insolvency Statistics show an increase in company insolvencies

Today, we saw the release of the latest insolvency statistics for Q2...

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Administrations down in the 2nd Quarter of 2019

The number of firms going into administration fell by 14 per cent, to 310...

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McCoo Art Company Goes Into Liquidation

The colourful McCoo range of artwork and merchandise is being sold off as the...

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Bury FC logo

Bury FC Delay CVA despite Winding Up Petition

Manchester based football club, Bury FC, have requested more time for them to...

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Liquidation Sale Sign

What Does Liquidation Mean?

What does it mean when a company is liquidated and what happens to it...

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Monsoon's CVA Approved

Monsoon's CVA Approved

Update

Monsoon has had its CVA proposal approved so rent will be reduced on...

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Shoe retailer, Office step towards a CVA in the UKs current high street crisis

Shoe retailer, Office, steps towards a CVA

It has been reported that Office, the footwear chain owned by Truworths...

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Will Jack Wills Also Go Down The CVA Route?

Will Jack Wills Also Go Down The CVA Route?

It was reported in the Sunday Times that Jack Wills, the chain popular with...

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Liquidation for The Good Food Chain following Listeria Outbreak Investigation

Liquidation for The Good Food Chain following Listeria Outbreak Investigation

Staffordshire-based sandwich manufacturer, The Good Food Chain, has gone into...

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Wright Marshall has gone into administration

Wright Marshall has gone into administration

Real Estate Agency and Professional Services business, Wright Marshall, has gone...

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