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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.  Once a company has a winding up petition issued against it this tends to crystallise the situation.

Over 24,000 jobs have been lost so far in 2020 by UK retailers alone

Over 24,000 jobs have been lost so far in 2020 by UK retailers alone

New research from the Centre for Retail Research (CRR), reports that over 24,000...

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Monsoon in administration rumours

A further 57 stores to be saved for Monsoon Accessorize

01 July 2020

It has been reported that Monsoon Accessorize have revealed a...

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Bensons for Beds Bought By Alteri in Pre Pack Administration

Bensons for Beds Bought By Alteri in Pre Pack Administration

Update: Bensons for Beds, which operates 243 shops, has been bought in a...

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Monthly Insolvency Statistics: May 2020

Monthly Insolvency Statistics: May 2020

The Insolvency Service publish the second release in its new monthly series to...

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Johnsons Shoe Company enters administration

Johnsons Shoe Company enters administration

The family footwear business, Johnsons Shoe Company, which runs Johnsons Shoes...

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Administration for womenswear brand Autonomy

Womenswear clothing brand Autonomy enters administration with all its 44...

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Company insolvency statistics are released for Q4 2019

Company insolvency statistics are released for Q4 2019

The insolvency statistics for Q4 2019 (England, Scotland and Northern...

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Mamas & Papas collapses into administration

Mamas & Papas collapses into administration

73 staff have been made redundant with immediate effect and 54 additional head...

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Savsé Smoothies falls into administration

Savsé Smoothies falls into administration

Declining sales, the loss of a listing in Boots and financial pressures from...

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Scottish department store Watt Brothers enters administration

Scottish department store Watt Brothers enters administration

Scottish department store chain, Watt Brothers has fallen into administration...

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Company Insolvencies in Scotland decreased by a third in Q3 2019.

Company Insolvencies in Scotland decreased by a third in Q3 2019.

The most recent analysis by KPMG, indicates that the amount of companies...

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The Outcome of the EFLs extensions to Bury FC and Bolton WanderersThe Outcome of the EFLs extensions to Bury FC and Bolton Wanderers

The Outcome of the EFLs extensions to Bury FC and Bolton Wanderers

UPDATE

Today, we hear that Bury FC are facing a winding up order at the High...

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