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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.

Fruehauf Goes Into Administration

Carl Jackson and Tauseef Rashid of business advisory firm Quantuma, together...

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Monthly Insolvency Statistics: July 2021

Monthly Insolvency Statistics: July 2021

The Insolvency Service publish the sixteenth release of its monthly series to...

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Glenburn Hotel Goes Into Administration

The Glenburn Hotel on the Isle of Bute has gone into administration with the...

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Victoria's Secret UK slips into administration

Victoria's Secret UK goes into liquidation

30 July 2021

It has been reported that Victoria's Secret UK has gone into...

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Q2 2021: Company Insolvency Statistics

Q2 2021: Company Insolvency Statistics

The company insolvency statistics for the second quarter of 2021 (April to June)...

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Rise in liquidations for Scottish firms

Rise in liquidations for Scottish firms

According to recent statistics, the amount of firms entering liquidation in...

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Cleveland Bridge Goes Into Administration

Cleveland Bridge, a 144-year-old company that has produced and designed some of...

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Administration for discount retail chain JTF

Administration for discount retail chain JTF

JTF Mega Discount Warehouse collapses into administration after potential buyer...

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HMV To Open 10 New Stores and Flagship Store 2 Years After Being Bought Out Of Administration

HMV To Open 10 New Stores and Flagship Store 2 Years After Being Bought Out Of Administration

Update 20th July

The music retailer HMV has said it is hoping to open 10 new...

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Monthly Insolvency Statistics: June 2021

Monthly Insolvency Statistics: June 2021

The Insolvency Service publish the fifteenth release of its monthly series to...

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Hospitality Recovery Strategy Launched By Government

The government has launched a ‘hospitality strategy' to support the recovery of...

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Mazars appointed to liquidate the remains of collapsed Arcadia Group

Mazars appointed to liquidate the remains of collapsed Arcadia Group

14th July 2021

Auditing firm Mazars have been appointed to liquidate the...

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