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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.

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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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...

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Oliver Sweeney falls into administration

Oliver Sweeney falls into administration

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

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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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Over 24,000 jobs have been lost so far in 2020 by UK retailers alone

Over 24,000 jobs have been lost so far in 2020 by UK retailers alone

New research from the Centre for Retail Research (CRR), reports that over 24,000...

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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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Pre-pack on the cards for TM Lewin

TM Lewin rumoured to have fallen into administration

30 June 2020

It is rumoured (from an article in The Daily Mail) that TM Lewin...

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Bensons for Beds Bought By Alteri in Pre Pack Administration

Bensons for Beds Bought By Alteri in Pre Pack Administration

Update: Bensons for Beds, which operates 243 shops, has been bought in a...

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Quiz Clothing Stores Division to Go Into Administration

Kast Retail Limited, the division of Quiz which runs its 82 standalone stores in...

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Pre-pack administration deal for Cath Kidston to be announced

All 60 Cath Kidston stores close as deal saves the online business only

19th May 2020

In the news today we discover that Cath Kidston creditors,...

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Johnsons Shoe Company enters administration

Johnsons Shoe Company enters administration

The family footwear business, Johnsons Shoe Company, which runs Johnsons Shoes...

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Pre-pack deal for Little Black Dress

Pre-pack deal for Little Black Dress

Little Black Dress, the online womenswear retailer is said to of gone through a...

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