Talk to us today in confidence0800 970053907833 240747

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.  Once a company has a winding up petition issued against it this tends to crystallise the situation.

Monthly Insolvency Statistics: September 2020

Monthly Insolvency Statistics: September 2020

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

Read more

Aldo UK collapses into administration

Aldo UK saved, 700 jobs preserved

21 September 2020

The Thai Leisure Group CVA (Company Voluntary Arrangement)...

Read more

Monthly Insolvency Statistics: August 2020

Monthly Insolvency Statistics: August 2020

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

Read more

Archant calls on CVA and pension lifeboat in rescue deal

Archant calls on CVA and pension lifeboat in rescue deal

Archant, one of Britain’s oldest newspaper publishers, is turning to the...

Read more

Pre-pack deal rescues Travelex, but results in the loss of 1,300 jobs

Pre-pack deal rescues Travelex, but results in the loss of 1,300 jobs

Foreign exchange firm, Travelex, collapsed into administration, with the...

Read more

CVA eyed up by River Island

CVA eyed up by River Island

River Island becomes the latest retailer to eye up a Company Voluntary...

Read more

Drayton Manor file a notice of intention

French firm rescues Drayton Manor from administration

Update...

Drayton Manor has been sold out of administration to French firm,...

Read more

JD Sports buys back Go Outdoors after putting it into administration

Go Outdoors creditors to get just 1p in the £1

20 July 2020

It is heard that unsecured creditors of Go Outdoors, may just get...

Read more

Zizzi and Ask Italian owner secures rescue deal which includes 75 store closures

Zizzi and Ask Italian owner secures rescue deal which includes 75 store closures

Azzurri Group, the owner of Zizzi and Ask Italian, has been sold out of...

Read more

Oliver Sweeney falls into administration

Oliver Sweeney falls into administration

Oliver Sweeney is heard to have called in administrators for its retail...

Read more

Monthly Insolvency Statistics: June 2020

Monthly Insolvency Statistics: June 2020

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

Read more

Cafe Rouge Owner Goes into Administration

Talks with interested parties progress over buying Casual Dining Group

12 July 2020

It has been reported that Epiris, the buyout firm, is having...

Read more

You are currently offline. Some pages or content may fail to load.