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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.

Mazars appointed to liquidate the remains of collapsed Arcadia Group

Mazars appointed to liquidate the remains of collapsed Arcadia Group

14th July 2021

Auditing firm Mazars have been appointed to liquidate the...

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Bristol fast-food chain Friska falls into administration

Bristol fast-food chain Friska falls into administration

Friska, the Bristol based café and fast service restaurant chain has gone into...

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Provincial Hotels and Inns Limited has gone into administration

Provincial Hotels and Inns Limited has collapsed into administration, appointing...

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Jaguar Land Rover supplier in talks to avoid administration

Mr Gupta rescues JLRs supplier from insolvency

1 July 2021

Sanjeev Gupta rescues Liberty Aluminium Technologies (LAT) as it...

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A-list designer Ralph & Russo nears administration

Rescue deal saves Ralph & Russo

01 July 2021

US investment firm, Retail Ecommerce Ventures has rescued Ralph &...

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Provincial Hotels & Inns has fallen into administration

Provincial Hotels & Inns has fallen into administration

Lancashire-based Provincial Hotels & Inns has fallen into administration.

Inclu...

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HMRC to Force Insolvency As Last Resort

In not an altogether surprising letter written by Business Secretary, Kwasi...

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Itsu - after its CVA

Itsu - after its CVA

June 2021

Itsu confirmed a deal for a CVA last summer which involved two of the...

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A landlord’s and tenant’s guide to commercial rent arrears recovery (CRAR)

For the better part of 250 years, landlords enjoyed the right to claim...

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Moratorium on tenant evictions is further extended until September 2021

16 June 2021

Restructruing trade body group, R3 has shared that the ban on the...

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NCP Urges Landlords to Vote In Favour of Restructuring to Avoid Administration

NCP Urges Landlords to Vote In Favour of Restructuring to Avoid Administration

15 June 2021

NCP has warned landlords that it is likely to have to go into...

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Monthly Insolvency Statistics: May 2021

Monthly Insolvency Statistics: May 2021

The Insolvency Service publish the fourteenth release of its monthly series to...

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