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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.

LK Bennett in Administration Move

Reported CVA proposals for LK Bennett

12 November 2020

It is reported that womenswear retailer, LK Bennett are...

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New Look landlords Challenge CVA

New Look refinance complete refinance scheme

10th November 2020

New Look announce completion of its refinancing scheme which...

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Personal liability For Bounce Back Loans

Personal liability For Bounce Back Loans

Bounce Back Loans were aimed at smaller businesses and directors would not be...

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Bonmarche Shops may be sold in a pre pack administration

update 2nd of December 2020

Sun European Partners said Monday in a statement...

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Rescue deal for Camino saves 77 jobs

Camino, the Spanish restaurant group enters a rescue deal which secures 77 jobs

...

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bounty logo

Bounty to go into administration according to reports

Bounty which operates one of Britain's most popular websites and apps for new...

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Pizza Express draw up plans for a CVA

Pizza Express CVA Approved - 73 restaurants to close

29 October 2020

Despite creditors agreeing a restructuring deal in September...

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150 jobs go as Abokado call in administrators

150 jobs go as Abokado call in administrators

Healthy restaurant group, Abokado, has called in Benjamin Wiles and Geoffrey...

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Flybe shareholder in talks to revive the collapsed airline

Chances for Flybe to return to operations in 2021

19 October 2020

After hearing on Saturday that talks were underway about...

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Administrators put on standby for shopping centre giant, Intu

KPMG sell off four more Intu shopping centres

19 October 2020

Over a handful of Intu shopping centers have been saved...

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Pre-pack deal for GBK

Pre-pack deal for GBK

Ranjit Bopran buys Gourmet Burger Kitchen (GBK) through a pre-pack...

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