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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.

Tailor Hardy Amies goes into administration for second time in a decade

Tailor Hardy Amies goes into administration for second time in a decade

Men’s suit tailor, Hardy Amies has gone into administration for the second time...

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Sears for Liquidation

Sears for Liquidation

Sears, the US department store chain, is rumoured to be in liquidation.

A deal...

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Monarch Aircraft Engineering Limited (MAEL) has gone into administration

Monarch Airlines’ engineering arm, Monarch Aircraft Engineering (MAEL) has gone...

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Administration for slipper brand Mahabis

Administration for slipper brand Mahabis

What a way to start the year!!

Luxury slipper brand, Mahabis have fallen into...

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Our 2018 Highlights

We hope that going forward, we can continue to save companies needing to be...

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Gulliver's Truck Hire Goes Into Administration

Gulliver's Truck Hire Goes Into Administration

Gulliver's Truck Hire, which was founded in 1960 and is headquartered in St...

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Investor row lands Blippar in Administration

Investor row lands Blippar in Administration

Blippar, the augmented reality firm, has fallen into administration following a...

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Restaurant Sector Insolvencies Rise by a Quarter

Restaurant Sector Insolvencies Rise by a Quarter

New statistics reveal the number of restaurants becoming insolvent had jumped by...

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Blue Inc goes into administration

Blue Inc, chaired at one time by Stewart Rose the ex chairman of M&S went into...

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Forrest Limited falls into Administration

This Bolton-based company has provided refurbishment, construction and energy...

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Refinancing Talks for Interserve

There are rumours that Interserve, one of the UK’s largest public service...

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Fishing Republic intends to go into Administration

Rotherham-based Fishing Republic PLC, one of the largest retailers of fishing...

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