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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.

Debenhams' CVA To Be Challenged in Court

Debenhams' CVA To Be Challenged in Court

Update:

Debenhams has lined up Deloitte as administrators in the event that...

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Bolton Wanderers Saved

Bolton Wanderers Saved

UPDATE 29/08/2019

Yesterday we were told how the EFL gave Bolton Wanderers an...

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Takeover company for Bury FC now say they are unable to proceed, leaving the club's future unlikely

Takeover company for Bury FC now say they are unable to proceed, leaving the club's future unlikely

UPDATE 27/08/2019

It has now been announced that the company who were...

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Henderson's Newsagents collapses after 60 years

Henderson's Newsagents collapses after 60 years

Henderson's Newsagents has collapsed into administration.

The 60-year old...

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school computers at a desk

Gaia Technologies Goes into Administration

Gaia Technologies, based in Wales and a major supplier to Schools and...

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Two UK Cosmetic Surgery Companies face a pre-pack administration amid Brexit uncertainty

Brexit uncertainty has been blamed by two UK  providers of cosmetic surgery that...

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lunar caravan

Lunar Caravans Limited has been put into administration - Possible buyer found

Update:

An FRP Advisory spokesman said: "The Joint Administrators have...

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SpudULike shut all 37 branches overnight, leaving 300 staff shocked and jobless

SpudULike shut all 37 branches overnight, leaving 300 staff shocked and jobless

SpudULike, the baked potato fast food chain, has closed all of its 37 branches,...

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Two Travel Booking Sites collapse as Malvern Group enter Administration

Two Travel Booking Sites collapse as Malvern Group enter Administration

Travel booking sites, LateRooms.com and Super Break have collapsed after parent...

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Administrations down in the 2nd Quarter of 2019

The number of firms going into administration fell by 14 per cent, to 310...

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McCoo Art Company Goes Into Liquidation

The colourful McCoo range of artwork and merchandise is being sold off as the...

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