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.

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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Hawkins Bazaar in administration Again!

Hawkins Bazaar in administration Again!

Toy Retailer, Hawkins Bazaar enters administration with the future of its 20...

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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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Jessops In Administration Again

Jessops In Administration Again

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

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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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De La Rue Warns of Possibility Of Going into Administration

De La Rue Warns of Possibility Of Going into Administration

The UK's banknote printer, De La Rue, has alarmed the markets by saying that it...

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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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Mothercare logo

Mothercare UK collapse into administration

UPDATE 6/11/2019

Mothercare UK has gone into administration, with the closure...

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quick quid logo

Is Quick Quid about to go into administration

Sky News has reported that CashEuroNet UK, which trades as the QuickQuid brand,...

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Toto Energy in administration and cease trading

Toto Energy in administration and cease trading

It was just three months ago that Toto Energy took on the customers of...

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Jessops Property Division to Appoint Administrators And Retailer To Use A CVA To Close StoresJessops Property Division to Appoint Administrators And Retailer To Use A CVA To Close Stores

Jessops Property Division to Appoint Administrators And Retailer To Use A CVA To Close Stores

The Dragon's Den investor, Peter Jones, who bought the Jessops camera retailer...

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Links of London Goes Into Administration

Links of London Goes Into Administration

In another blow to the High Street and the retail sector generally, Links of...

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