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.
Monthly Insolvency Statistics: September 2020
The Insolvency Service publish the sixth release in its monthly series to...
Aspinal of London's CVA approved
Update
It has been reported that Aspinal's CVA has been approved which means...
New rules regarding pre pack administration sales announced in parliament
The government has announced that pre pack sales to connected parties will be...
Tonik Energy Stops Trading
Gas and electricity regulator, Ofgem, has said that Tonik Energy has failed so...
Ann Summers move closer to a CVA
6 October 2020
Ann Summers has now confirmed it is likely to launch a CVA. ...
Wildwood restaurant owner Tasty considers options including CVA
According to Bighospitality.co.uk Tasty, the owner of Wildwood and Dim T...
Pre-pack and CVA being explored for Burger King
Fast food giant, Burger King, is rumoured to be eyeing a range of restructuring...
Pre-pack for Côte saves 94 restaurants and 3148 jobs
Côte Restaurants has been acquired by new investors under a pre-pack...
CVA for Pizza Hut is approved
28 September 2020
Pizza Hut Restaurants secures it future today as it wins a...
What Directors Should Think About This Winter
News that the new Job Support Scheme from HM Government offers 22% of the cost...
Aldo UK saved, 700 jobs preserved
21 September 2020
The Thai Leisure Group CVA (Company Voluntary Arrangement)...
Monthly Insolvency Statistics: August 2020
The Insolvency Service publish the fifth release in its monthly series to...
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.