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.
De La Rue Warns of Possibility Of Going into Administration
The UK's banknote printer, De La Rue, has alarmed the markets by saying that it...
Mamas & Papas collapses into administration
73 staff have been made redundant with immediate effect and 54 additional head...
Mothercare UK collapse into administration
UPDATE 6/11/2019
Mothercare UK has gone into administration, with the closure...
Is Quick Quid about to go into administration
Sky News has reported that CashEuroNet UK, which trades as the QuickQuid brand,...
Toto Energy in administration and cease trading
It was just three months ago that Toto Energy took on the customers of...
Jessops Property Division to Appoint Administrators And Retailer To Use A CVA To Close Stores
The Dragon's Den investor, Peter Jones, who bought the Jessops camera retailer...
Links of London Goes Into Administration
In another blow to the High Street and the retail sector generally, Links of...
Wrightbus To Go Into Administration
It has been confirmed that Wrightbus, the Ballymena-based Boris Bus maker, known...
Thomas Cook in administration threat unless £200m can be found
Update: Thomas Cook has been put into liquidation as the £200m was not...
Gaia Technologies Goes into Administration
Gaia Technologies, based in Wales and a major supplier to Schools and...
Lunar Caravans Limited has been put into administration - Possible buyer found
Update:
An FRP Advisory spokesman said: "The Joint Administrators have...
Administrations down in the 2nd Quarter of 2019
The number of firms going into administration fell by 14 per cent, to 310...
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.