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.

Arcadia Group on the verge of another restructure

Arcadia Group on the verge of another restructure

27 July 2020

The latest on the situation of Arcadia Group is that they are...

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Travelodge looking at a CVA again

Travelodge landlords ready to say 'goodnight' as they set up a rival operator

26.07.2020

Some landlords (approx 80 hotels) of Travelodge are set to ditch the...

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CMV logo

CMV goes into administration

Update 21/07/2020: 

CMV has gone into administration as the rescue attempt...

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Poundstretcher's CVA Approved

Area managers of Poundstretcher faces axe due to CVA

July 18 update

With the CVA underway, 10 out of 23 area managers were told they...

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JD Sports buys back Go Outdoors after putting it into administration

Go Outdoors creditors to get just 1p in the £1

20 July 2020

It is heard that unsecured creditors of Go Outdoors, may just get...

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Zizzi and Ask Italian owner secures rescue deal which includes 75 store closures

Zizzi and Ask Italian owner secures rescue deal which includes 75 store closures

Azzurri Group, the owner of Zizzi and Ask Italian, has been sold out of...

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Oliver Sweeney falls into administration

Oliver Sweeney falls into administration

Oliver Sweeney is heard to have called in administrators for its retail...

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Administrators put on standby for shopping centre giant, Intu

Intu has gone into administration after failing to reach an agreement with lenders

17 July 2020

After collapsing into administration last month, it has been...

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Buzz Bingo announce CVA plans to protect its future

This news comes as part of a coronavirus crisis rescue deal for the group.

Buzz...

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Monthly Insolvency Statistics: June 2020

Monthly Insolvency Statistics: June 2020

The Insolvency Service publish the third release in its monthly series to...

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Coach firm National Holidays revived after collapse of its parent company

Coach firm National Holidays revived after collapse of its parent company

Despite its parent company falling into administration earlier this year,...

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health and safety logo

Companies will be fined by Health and Safety Executive If They Are Not Covid Secure

The Health and Safety Executive (HSE) has said they will doing checks on...

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