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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.

See this page on Help for Companies affected by Coronavirus. It will be updated daily.

The Belfast Shipyard, Harland and Wolff, famous for building the Titanic has been saved

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...

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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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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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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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BetterBathrooms Have Gone Into Administration

BetterBathrooms Have Gone Into Administration

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

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Threat of Administration for Notts County Football Club

Threat of Administration for Notts County Football Club

The worlds oldest football league club, Notts County, risk going into...

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Administration for slipper brand Mahabis

Administration for slipper brand Mahabis

What a way to start the year!!

Luxury slipper brand, Mahabis have fallen into...

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Crawshaw Butchers Collapses into Administration

High street butcher chain, Crawshaw, calls in administrators after failing to...

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Coast Collapse into Administration

Coast becomes the latest fashion chain to collapse into administration.

Last...

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JD Classics enter AdministrationJD Classics enter Administration

JD Classics Goes Into Administration

Administrators Alvarez and Marsal Europe LLP have been appointed to work with JD...

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Pastry Manufacturer Ceases Trading

Pastry Manufacturer Ceases Trading

Last month, Freshpack Ltd went into administration. The Alsager-based, frozen...

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A Worried Director

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. 

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