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.

Paperchase looking at CVA according to reports

Paperchase restructuring via a CVA: 28 stores to close

Update 4th March 2019:

Stationery shop, Paperchase launch a CVA. 

They seek a...

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giraffe logo

Giraffe and Ed's Easy Diner to go into a CVA

So, the next big CVA has been announced.   

The owner of Giraffe and Ed’s Easy...

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CVA Debate Review

CVA Debate Review

The CVA debate was very well attended with 50 guests who came to hear the...

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Allied Healthcare propose a CVA

Allied Healthcare propose a CVA

Allied Healthcare, which cares for 13,500 elderly and vulnerable patients across...

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Gourmet Burger Kitchen confirms CVA

Gourmet Burger Kitchen confirms CVA

Gourmet Burger Kitchen has confirmed that it is seeking a company voluntary...

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The Great CVA Debate Invitation 7th November 2018

The Great CVA Debate Invitation 7th November 2018

The event is now fully booked with 60 in attendance.  Follow #cvadebate for...

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Powerleague to restructure using a CVA

Powerleague to restructure using a CVA

Powerleague, the 5-a-side artificial football pitch provider, has announced that...

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Homebase creditors approve CVA

Homebase creditors approve CVA

Homebase creditors have voted in favour of the Company Voluntary Arrangement...

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Gaucho in Administration and All 22 CAU Restaurants to Close

Gaucho in Administration and All 22 CAU Restaurants to Close

Deloitte has confirmed, today, that Steak restaurant Gaucho has gone into...

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Further Mothercare store closures following CVA

Further Mothercare store closures following CVA

In May, Mothercare confirmed the rumours that they were looking to propose a...

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The Original Factory Shop announces CVA Proposal

The Original Factory Shop announces CVA Proposal

Private equity firm, Duke Street, has said that it will give The Original...

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Homebase in CVA rumours

Homebase in CVA rumours

Since the disastrous takeover of Homebase by the Australian firm Westfarmers the...

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A Worried Director

The Ultimate Guide For Worried Directors

Worried about poor cashflow? Covid-19?, How to pay wages on pay day? For expert 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 was mostly written pre Covid-19 and there have been some changes to insolvency legislation that limits creditors actions and relaxes rules regarding wrongful trading.  A new 20 day moratorium for distressed businesses has also been introduced. 

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