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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.

Vital Infrastructure Asset Management (VIAM) Formerly King Construction Goes into Administration

Administrators have been called into Vital Infrastructure Asset Management...

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CVA for Drake & Morgan gets the green light

CVA for Drake & Morgan gets the green light

10 June 2021

Following a creditors meeting on June 2nd, Drake & Morgan will...

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New statistics show that less than a quarter of UK pubs feel confident that they will survive the next 3 months

New statistics show that less than a quarter of UK pubs feel confident that they will survive the next 3 months

New figures from the Office for National Statistics suggest that less than a...

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Kitty Hawk and Lino restaurant owner collapses into administration

Kitty Hawk and Lino restaurant owner collapses into administration

Wright & Bell, who own the Kitty Hawk and Lino London-based restaurants, has...

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The High Court rules against Amigos proposal leaving insolvency an option

Update: 01 June 2021

The proposal to set aside a pot of money for compensation...

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Try Market Halls Group Is Proposing a CVA

It has been reported that the London-based food market hall operator, Try Market...

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Another loss for UK landlords in their battle against CVAs as the fight against Regis' CVA is rejected

Another loss for UK landlords in their battle against CVAs as the fight against Regis' CVA is rejected

London’s High Court rules in favour of Regis which was fighting a challenge by...

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7,200 businesses saved by the insolvency and restructuring profession in 2019

7,200 businesses saved by the insolvency and restructuring profession in 2019

Insolvency and restructuring trade body, R3, released a new report which shared...

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Loch Fyne in CVA Move

Loch Fyne in CVA Move

It has been reported by Propel that Loch Fyne, which is owned by Greene...

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Monthly Insolvency Statistics: April 2021

Monthly Insolvency Statistics: April 2021

The Insolvency Service publish the thirteenth release, of its monthly series to...

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Landlords Lose Case Against New Look's CVA But Can Appeal

Landlords Lose Case Against New Look's CVA But Can Appeal

17 May 2021

New Look Landlords have been granted leave to appeal to the Supreme...

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Amanda Wakeley, fashion label favourite to many, plunges into administration

Amanda Wakeley, fashion label favourite to many, plunges into administration

Fashion label Amanda Wakeley collapses into administration after failing to find...

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