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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.

Select consider yet another CVA

Select consider yet another CVA

Fashion retailer, Select is said to be considering launching another company...

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WHSmith demand rent cuts from landlords

WHSmith demand rent cuts from landlords

WHSmith is reportedly demanding rent cuts from its landlords, just days after it...

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CVA eyed up by River Island

CVA eyed up by River Island

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

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Buzz Bingo announce CVA plans to protect its future

This news comes as part of a coronavirus crisis rescue deal for the group.

Buzz...

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Monthly Insolvency Statistics: June 2020

Monthly Insolvency Statistics: June 2020

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

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All Saints propose CVA

All Saints CVA given the green light

7 July 2020

All Saints has had its CVA proposals approved by the 75 per cent of...

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Monsoon in administration rumours

A further 57 stores to be saved for Monsoon Accessorize

01 July 2020

It has been reported that Monsoon Accessorize have revealed a...

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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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Scottish hotel and tour operator cuts 100 jobs

Scottish hotel and tour operator cuts 100 jobs

After collapsing amid the coronavirus pandemic, a Scottish hotel and tour...

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Company insolvency statistics are released for Q4 2019

Company insolvency statistics are released for Q4 2019

The insolvency statistics for Q4 2019 (England, Scotland and Northern...

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Mamas & Papas collapses into administration

Mamas & Papas collapses into administration

73 staff have been made redundant with immediate effect and 54 additional head...

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Company Insolvencies in Scotland decreased by a third in Q3 2019.

Company Insolvencies in Scotland decreased by a third in Q3 2019.

The most recent analysis by KPMG, indicates that the amount of companies...

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A Worried Director

The Ultimate Guide For Worried Directors

Worried about poor cashflow? Feel you have got into a bit of a mess? Covid-19?, How to pay wages on pay day? For reassuring 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.  A new 20 day moratorium for distressed businesses has also been introduced. 

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