Just a quick note to say a big thank you to all the staff at KSA, our CVA was passed today by creditors voting in an overwhelming number including HMRC to accept the proposal as prepared by KSA.
The road to reach today’s conclusion has been bumpy, but at each stage your team has supported and guided us through the issues and we have reached a very satisfactory outcome to the benefit of customers, staff, all creditors and shareholders.
News of Companies That Have Gone Bust in the UK

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.
Reported CVA proposals for LK Bennett
12 November 2020
It is reported that womenswear retailer, LK Bennett are...
New Look refinance complete refinance scheme
10th November 2020
New Look announce completion of its refinancing scheme which...
Personal liability For Bounce Back Loans
Bounce Back Loans were aimed at smaller businesses and directors would not be...
Bonmarche Shops may be sold in a pre pack administration
update 2nd of December 2020
Sun European Partners said Monday in a statement...
Rescue deal for Camino saves 77 jobs
Camino, the Spanish restaurant group enters a rescue deal which secures 77 jobs
...Bounty to go into administration according to reports
Bounty which operates one of Britain's most popular websites and apps for new...
Pizza Express CVA Approved - 73 restaurants to close
29 October 2020
Despite creditors agreeing a restructuring deal in September...
150 jobs go as Abokado call in administrators
Healthy restaurant group, Abokado, has called in Benjamin Wiles and Geoffrey...
Chances for Flybe to return to operations in 2021
19 October 2020
After hearing on Saturday that talks were underway about...
KPMG sell off four more Intu shopping centres
19 October 2020
Over a handful of Intu shopping centers have been saved...
Pre-pack deal for GBK
Ranjit Bopran buys Gourmet Burger Kitchen (GBK) through a pre-pack...
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 includes updates due to Covid-19 For instance 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.