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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.

Hotel industry suffers to Airbnbs' advantage

Hotel industry suffers to Airbnbs' advantage

It is quite interesting to hear that whilst there has been a rise in...

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chilango logo

Chilango confirms it is proposing a Company Voluntary Arrangement (CVA)

UPDATE:

New reports inform us that the investors who took out a burrito bond in...

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Boxing Day sales at its worst footfall in almost a decade

Boxing Day sales at its worst footfall in almost a decade

Interestingly enough, new figures from Springboard, have shown the 2019 Boxing...

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Online retailers hit alike high street retailers

Online retailers hit alike high street retailers

According to the latest report from Begbies Traynor, online retailers are...

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UK South East based companies at highest risk of insolvency

UK South East based companies at highest risk of insolvency

December research shows that almost half of all South East UK based companies...

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Owner of Supercuts goes into Administration

A rescue deal for Supercuts

UPDATE: 11/12/2019

Budget hair salon, Supercuts secure a rescue deal and save...

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Pre pack pool: How does it work and how much does it cost?

From 2nd November 2015, there have been changes to the way pre-pack...

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Pubs still closing at a rate of 3 a day!

Some new numbers those in the pub trade can raise a glass to

UPDATE: 11/12/2019

Despite their being a great decline in the number of pubs...

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Jessops In Administration Again

Jessops In Administration Again

The property arm of Peter Jones owned camera retailer, Jessops, calls in...

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Pre-Pack Administration for Clintons is confirmed

Pre-Pack Administration for Clintons is confirmed

The UK’s second biggest independent card retailer, Clintons, is being rescued by...

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Retail Performed Better Than Expected for Black Friday and Cyber Monday

Retail Performed Better Than Expected for Black Friday and Cyber Monday

So…with the "crisis" for the UK High Street and frequent shop closures, how did...

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Bonmarche goes into administration in latest blow to High Street

Bonmarche goes into administration in latest blow to High Street

Update

Peacocks has been named the "preferred bidder" for the business,...

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