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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.

Tough week for small businesses as they are hit with 3 big new costs and rules.

Tough week for small businesses as they are hit with 3 big new costs and rules.

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WOW Air Goes Bust

WOW Air Goes Bust

Thousands of customers have been left stranded following the collapse of budget...

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Ring and Ride Provider Accessible Transport Group Goes Into Administration

Thousands of users of the Ring and Ride service provided by ATG will be affected...

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Bolton Wanderers receive winding up petition

Bolton Wanderers have 2 weeks to save themselves from administration

It really is time that Bolton Wanderers sorted out their taxes!!! 

Today they...

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Office Outlet Goes Into Administration

Office Outlet Goes Into Administration

It was just six months ago that insolvency proceedings were underway for the...

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Rent Quarter Day Looming - What if I can't Pay

Landlords are preparing to issue their invoices for 25th March (rent quarter...

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interserve logo

Interserve To Go Into Administration

Is it likely that Interserve will go into administration or liquidation? The...

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Has Dawnus Gone Into Administration?

Update; Construction News has tweeted that Dawnus has gone into administration

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Polpo Enters CVA

Polpo has had its CVA approved by 98% of its creditors which now means that it...

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Paperchase looking at CVA according to reports

Paperchase restructuring via a CVA: 28 stores to close

Update 4th March 2019:

Stationery shop, Paperchase launch a CVA. 

They seek a...

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BetterBathrooms Have Gone Into Administration

BetterBathrooms Have Gone Into Administration

BetterBathrooms, the greater Manchester Headquartered retail firm, has ceased...

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Giraffe and Ed's Easy Diner to go into a CVA

So, the next big CVA has been announced.   

The owner of Giraffe and Ed’s Easy...

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