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. Once a company has a winding up petition issued against it this tends to crystallise the situation.
Will Jack Wills Also Go Down The CVA Route?
It was reported in the Sunday Times that Jack Wills, the chain popular with...
Retailers increasingly turn to CVAs to restructure their businesses
UK High Street flagging as retailers increasingly turn to CVAs
Figures from the...
Company Voluntary Arrangements (CVAs) are not just for large national retailers!
We have seen recently a spate of large businesses such as Jamie's Italian, Byron...
Arcadia's CVA has been approved _ Topshop
Update 12th June 2019:
Arcadia's CVA has been approved
Keith Steven, CVA...
Why do CVAs get a bad press?
It is very simple, when a CVA succeeds very few people hear about it (it doesn't...
Landlords Vote is Crucial for Future of Arcadia
Update 05.06.19
Today is the crunch date where the creditors will vote on the...
Ann Summers in CVA Denial
It has been reported that Ann Summers, the lingerie retailer, is looking to use...
Owners of Snow & Rock and Cotswold Outdoor looking at a CVA to close stores
CVA being looked into for the company who own Runners Need, Cotswold Outdoor and...
Failure of CVA for Paton Brown leaves a pre-pack
The direct mail company, located in Ashton-under-Lyne, Paton Brown has fallen...
Paperchase restructuring via a CVA: 28 stores to close
Update 4th March 2019:
Stationery shop, Paperchase launch a CVA.
They seek a...
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...
CVA Debate Review
The CVA debate was very well attended with 50 guests who came to hear the...
The Ultimate Guide For Worried Directors
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