Just a quick note to say a big thank you to all the staff at KSA, our CVA was passed today by creditors voting in an overwhelming number including HMRC to accept the proposal as prepared by KSA.
The road to reach today’s conclusion has been bumpy, but at each stage your team has supported and guided us through the issues and we have reached a very satisfactory outcome to the benefit of customers, staff, all creditors and shareholders.
News of Companies That Have Gone Bust in the UK

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.
A £6 million rescue deal brings Harland & Wolff out of administration threat
Update: Harland and Wolff have been brought out and saved in a £6m rescue deal...
Bolton Wanderers Saved
UPDATE 29/08/2019
Yesterday we were told how the EFL gave Bolton Wanderers an...
Henderson's Newsagents collapses after 60 years
Henderson's Newsagents has collapsed into administration.
The 60-year old...
Two Travel Booking Sites collapse as Malvern Group enter Administration
Travel booking sites, LateRooms.com and Super Break have collapsed after parent...
Administrations down in the 2nd Quarter of 2019
The number of firms going into administration fell by 14 per cent, to 310...
BetterBathrooms Have Gone Into Administration
BetterBathrooms, the greater Manchester Headquartered retail firm, has ceased...
Threat of Administration for Notts County Football Club
The worlds oldest football league club, Notts County, risk going into...
Administration for slipper brand Mahabis
What a way to start the year!!
Luxury slipper brand, Mahabis have fallen into...
Crawshaw Butchers Collapses into Administration
High street butcher chain, Crawshaw, calls in administrators after failing to...
Coast Collapse into Administration
Coast becomes the latest fashion chain to collapse into administration.
Last...
JD Classics Goes Into Administration
Administrators Alvarez and Marsal Europe LLP have been appointed to work with JD...
Pastry Manufacturer Ceases Trading
Last month, Freshpack Ltd went into administration. The Alsager-based, frozen...
The Ultimate Guide For Worried Directors
Worried about poor cashflow? Covid-19?, How to pay wages on pay day? For expert advice on a range of issues download our free Ultimate Guide For Worried Directors today. Or just call us on 0800 9700539
Please note that the guide includes updates due to Covid-19 For instance there have been some changes to insolvency legislation that limits creditors actions and relaxes rules regarding wrongful trading. A new 20 day moratorium for distressed businesses has also been introduced.