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.
See this page on Help for Companies affected by Coronavirus. It will be updated daily.
HMRC to become Preferential Creditors in December 2020
On 1 December 2020 a change in the law means that the way in which some...
Christmas Killer or Christmas Saviour
As details slowly emerge about the Government’s plans at the end of this 2nd...
Cineworld eye up a CVA
23 November 2020
Sky News reports that Cineworld has secured a £552m ($750m)...
Landlords approve Clarks' CVA
23 November 2020
Landlords apprive a rescue deal for Clarks. It allows 60 of...
One in seven companies risk collapse in the next 12 weeks
The Office for National Statistics share this morning, results from a survey it...
Monthly Insolvency Statistics: October 2020
The Insolvency Service publish the seventh release in its monthly series to...
Nando's owner acquires stake and provides investment for Wahaca
17 November 2020
Dick Enthoven, billionaire owner of Nandos, has agreed to...
Everyman cinema chain hires in advisers
Everyman, the cinema chain, becomes the latest in the cinema industry to hire...
Revolution Bars CVA wins backing of creditors and landlords
13 November 2020
Reports say that Revolution Bars has been saved by its...
Hotter Shoes to be put up for sale
13 November 2020
This morning we hear that Hotter Shoes, Britain's biggest...
Reported CVA proposals for LK Bennett
12 November 2020
It is reported that womenswear retailer, LK Bennett are...
New Look refinance complete refinance scheme
10th November 2020
New Look announce completion of its refinancing scheme which...
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.