Talk to us today in confidence0800 970053907833 240747

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.

WageDayAdvance Goes Into Administration

Curo Transatlantic Limited (CTL), which trades as Wage Day Advance and Juo...

Read more

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...

Read more

Burning the debt?

A bankrupt businessman shares how he burnt £80,000 of which he owed but refused...

Read more

Widnes Vikings have gone into administration

Widnes Vikings have gone into administration and possibly liquidation if no new...

Read more

Avara Avlon Has Gone Into Administration

Avara Avlon, the Bristol based Pharmaceuticals company, has gone into...

Read more

TPO cease trading

Phone provider, The Peoples Operator, release a warning to customers to switch...

Read more

Flybmi Goes into Administration

Flybmi Goes into Administration

Flybmi, British regional airline has fallen into administration after being...

Read more

Caspian Media Go Into Administration

B2B publisher, Caspian Media entered administration, with the sale of three of...

Read more

30-year old Hollywood Cinemas forced into Administration

Hollywood Cinemas, a chain of East England Cinemas, has been forced into...

Read more

Patisserie Valerie in talks with lenders to stop it going bust.

Patisserie Valerie Collapse

Update (14.02.19) 

Patisserie Valerie has been rescued by Causeway Capital...

Read more

Another Energy Firm Utilitywise has gone into Administration

Another Energy Firm Utilitywise has gone into Administration

Energy Broker, Utilitywise put 1,000 jobs at risk as they fall into...

Read more

Paperchase Looking At Turnover Rents Instead of Vacating Premises in a CVA

Paperchase Looking At Turnover Rents Instead of Vacating Premises in a CVA

According to reports Paperchase has been asking landlords for rents to be set by...

Read more

You are currently offline. Some pages or content may fail to load.