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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.

Travelodge CVA Success Story Continues

Travelodge CVA Success Story Continues As It Announces Plans To Open 17 New Hotels

Travelodge has announced plans to open 17 new hotels this year, creating over...

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All Debenhams stores to close next week before Boohoo moves it to an online only brand

All Debenhams stores to close next week before Boohoo moves it to an online only brand

5 May 2021

An update on the status of Debenhams stores.

All stores will close...

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Serious Foods Bought Out Of Administration

Serious Foods, a wholesale food supplier to the restaurant and food service...

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If Virgin Active creditors do not approve its restructuring proposal, 2,500 jobs could be lost

Virgin Active set to use a controversial new restructuring mechanism and Landlords are challenging it

Update

Thursday 29th April 2021, marked the start of a four-day High Court...

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Landlords To Challenge Clarks' CVA

Landlords To Challenge Clarks' CVA

26 April 2021

A group of landlords have filed a legal challenge to the...

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New data reports the largest jump in number of businesses facing significant financial distress since 2014

New data reports the largest jump in number of businesses facing significant financial distress since 2014

The most recent Red Flag Alert report, produced by insolvency firm, Begbies...

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Ward Recycling has gone into liquidation

Ward Recycling, (not Donald Ward Ltd, which also trades as Ward Recycling),...

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Company Rescue Website has been advising directors for 20 Years

The Story So Far

Back in 2000, Keith Steven was frustrated about the inability...

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Leon is considering a CVA

Leon Bought in £100m Deal After CVA

19 April 2021

Leon has been bought by Mohsin and Zuber Issa, the brothers who...

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Monthly Insolvency Statistics: March 2021

Monthly Insolvency Statistics: March 2021

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

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Some Bonmarche stores may never reopen

Some Bonmarche stores may never reopen

April 2021

Many jobs are at risk at Bonmarché as administrators decide how many...

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The UK arm of Brooks Brothers goes into administration as suits fall out of fashion

The UK arm of Brooks Brothers goes into administration as suits fall out of fashion

The UK division of Brooks Brothers, the US business attire retailer, has gone...

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