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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.

Lambert Contracts Ltd is the latest Scottish construction company to enter administration

Lambert Contracts Ltd is the latest Scottish construction company to enter administration

Lambert Contracts Ltd is the latest in a series of Scottish construction...

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Carphone Warehouse issues profit warning and announces plan to shut 92 stores

Carphone Warehouse issues profit warning and announces plan to shut 92 stores

Carphone Warehouse, as part of the Carphone Dixon group, has issued a profit...

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Salford Auto Spares Ltd director disqualified for 7 years

Salford Auto Spares Ltd director disqualified for 7 years

The Insolvency Service has announced that the director of Salford Auto Spares...

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Homebase sold to Hilco for £1

Homebase sold to Hilco for £1

Homebase has been sold to Hilco for just £1 after the disastrous takeover...

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New deal signed by FCA and Insolvency Service to clamp down on phoenix companies

New deal signed by FCA and Insolvency Service to clamp down on phoenix companies

The FCA and Insolvency service have agreed to a deal intended to cut down on the...

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Côte considering closing branches to avoid insolvency

Côte considering closing branches to avoid insolvency

Restaurant group Côte is the latest in a series of national hospitality industry...

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Jacques Vert Owner Calvetron goes into administration

Jacques Vert Owner Calvetron goes into administration

A thousand jobs at risk as Calvetron the owners of the brands Jacques Vert,...

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Fashion Brand Bench Goes Into Administration

Fashion Brand Bench Goes Into Administration

Retailers are under yet more pressure as the trendy brand of shops Bench, which...

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Corporate governance of insolvent companies to be strengthened as part of government review

Corporate governance of insolvent companies to be strengthened as part of government review

Having recently initiated the 'Insolvency and Corporate Governance...

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betterware in administration

Betterware goes into administration soon after Kleeneze

Betterware, which sells household items via a catalogue sent to millions of...

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Carpetright to close 92 stores as part of major restructure

Carpetright to close 92 stores as part of major restructure

Carpetright has introduced a set of sweeping measures as part of a major...

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All jobs saved after British Thornton enters administration

All jobs saved after British Thornton enters administration

Administrators have announced a deal that will save all jobs at British Thornton...

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