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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.

Fashion chain Select to go into administration followed by a new CVA

Fashion chain Select to go into administration followed by a new CVA

Select, the fashion brand, has gone into administration following its attempts...

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Debenhams CVA Approved

Debenhams CVA approved to close 50 Stores - 22 to close next year

Update:  Debenhams CVA is approved by creditors

Following the sale of Debenhams...

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Ann Summers in CVA Denial

Ann Summers in CVA Denial

It has been reported that Ann Summers, the lingerie retailer, is looking to use...

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bolton wanderers logo

Bolton Wanderers to go into Administration

It was only last September that Bolton Wanderers avoided administration. They...

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Insolvency Statistics Q1 2019

The latest statistics have come out regarding the number of companies that...

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Four Season Health Care - Holding Companies Go Into Administration

Four Season Health Care - Holding Companies Go Into Administration

In worrying news for the 17,000 residents of nursing homes provided by Four...

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snow and rock logo

Owners of Snow & Rock and Cotswold Outdoor looking at a CVA to close stores

In another blow for the High Street the owners of Snow + Rock, Outdoor and Cycle...

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LK Bennett in Administration Move

LK Bennett Saved From Administration

Update:

LK Bennett has been saved, but has had to close 15 stores.

Byland UK,...

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Failure of CVA for Paton Brown leaves a pre-pack

Failure of CVA for Paton Brown leaves a pre-pack

The direct mail company, located in Ashton-under-Lyne, Paton Brown has fallen...

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Could Debenhams go into administration?

Debenhams Goes Into Administration

Update : 9th April 2019

There has been much in the news about Debenhams and...

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Dudson Pottery Go into Administration

318 jobs have been lost at the world famous Dudson Pottery in Stoke on Trent...

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Bury FC faces Winding Up Petition

Bury FC faces Winding Up Petition

Bury FC face a Winding up Petition today at the companies court. It is...

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