News of Companies That Have Gone Bust in the UK

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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.

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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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Travelodge looking at a CVA again

Travelodge CVA proposal unveiled

16.06.2020

Today we are informed that Travelodge has sweetened its offer to...

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Pre-pack administration deal secures Oak Furniturelands' future

Pre-pack administration deal secures Oak Furniturelands' future

Oak Furnitureland has been acquired by global investment management firm,...

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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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Monthly Insolvency Statistics: May 2020

Monthly Insolvency Statistics: May 2020

The Insolvency Service publish the second release in its new monthly series to...

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125 Frankie & Benny’s restaurants to close

125 Frankie & Benny’s restaurants to close

The Restaurant Group (TRG), behind Chiquito and Wagamama has confirmed that 125...

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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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Aldo UK collapses into administration

Aldo UK collapses into administration

The UK arm of Aldo has fallen into administration, with the impact of Covid-19...

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'Difficult decisions' for UK firms when furlough scheme winds down

A new survey by the Institute of Directors found that a quarter of businesses...

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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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Corporate Insolvency and Governance Bill 20th May 2020

The aim of the new Bill is to introduce to law:

Corporate moratorium to...

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Shearings and National Holidays Owner Specialist Leisure Goes into Administration

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

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