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.

Clarks plots permanent store closures

Clarks’ ‘Made to Last’ turnaround strategy slashes 900 jobs

21 May 2020

Around 900 office jobs are to be cut at Clark’s as part of its...

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Business Loans for Companies and Businesses During The Coronavirus Crisis

Business Loans for Companies and Businesses During The Coronavirus Crisis

Through this period of disruption, the Chancellor has set out a package of...

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Pre-pack administration deal for Cath Kidston to be announced

All 60 Cath Kidston stores close as deal saves the online business only

19th May 2020

In the news today we discover that Cath Kidston creditors,...

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Luggage brand Antler collapses into administration

Luggage brand Antler collapses into administration

Antler Holdings, the luggage maker, collapses into administration just three...

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Bella Italia owner in talks with creditors about a restructuring

Bella Italia owner in talks with creditors about a restructuring

Just hours after the below news was shared, we are informed that the owner of...

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Carluccio's Goes into Administration

A promising deal lined-up for Carluccio's?

18.05.2020

Just over a month since the last news hit the media about the state...

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60 jobs saved in pre-pack deal for Breasley Pillows

60 jobs saved in pre-pack deal for Breasley Pillows

Derbyshire mattress manufacturing firm, Breasley Pillows, has been sold out of...

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Johnsons Shoe Company enters administration

Johnsons Shoe Company enters administration

The family footwear business, Johnsons Shoe Company, which runs Johnsons Shoes...

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Pre-pack deal for Little Black Dress

Pre-pack deal for Little Black Dress

Little Black Dress, the online womenswear retailer is said to of gone through a...

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Scottish hotel and tour operator cuts 100 jobs

Scottish hotel and tour operator cuts 100 jobs

After collapsing amid the coronavirus pandemic, a Scottish hotel and tour...

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Numerous Signature Living firms have collapsed into administration over the last six weeks

Numerous Signature Living firms have collapsed into administration over the last...

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Laura Ashley saved from administration

Laura Ashley saved from administration

14.05.2020

The Pension Protection Fund (PPF) is pressing for restructuring...

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