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. Once a company has a winding up petition issued against it this tends to crystallise the situation.
Derby County In Liquidation Threat
24th January 2022
It has been reported that there have been no bids for Derby...
Directors Disqualified For Abuse of Bounce Back Loan Scheme
The directors of Scholars Academy Ltd based in Brighouse, West Yorkshire. Aamer...
Help for Companies and Businesses Affected by Coronavirus (COVID-19)
Coronavirus (COVID-19) has meant that the Government banks and other...
Monthly Insolvency Statistics: December 2021
The Insolvency Service publish the twenty first release of its monthly series to...
£4.3bn of Covid Help Written Off Due to Fraud
The Treasury has admitted that over £4.3bn of Covid help is likely to be written...
Hospitality Industry Suffers Huge Hit To Sales Over Festive Period
The hospitality industry suffered big sale declines in the last week of the...
What Directors of Companies with Debts Need to Know in 2022
Here is what we, in the insolvency world, know now after the last 12 months of...
Creditors of collapsed construction company NMCN face £115m losses
10 January 2022
News has been shared today that the unsecured creditors of...
Teletext Holidays and Alpharooms enter liquidation
Today, the Travel Trust Association revoked the membership of Travel giants,...
Gieves & Hawkes Owner To Go Into Liquidation
The famous Gieves and Hawkes Savile Row tailor is in danger of being lost...
Women's team, Coventry United, rescued from liquidation
Just last month, Women’s Championship team, Coventry United, entered voluntary...
Liquidation talks for Trinity Group
Trinity Group, which owns Gieves & Hawkes (suit tailor), Kent & Curwen (men’s...
The Ultimate Guide For Worried Directors
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