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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.

Monthly Insolvency Statistics: September 2020

Monthly Insolvency Statistics: September 2020

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

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Aspinal of London's CVA approved

Aspinal of London's CVA approved

Update

It has been reported that Aspinal's CVA has been approved which means...

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New rules regarding pre pack administration sales announced in parliament

The government has announced that pre pack sales to connected parties will be...

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Tonik Energy Stops Trading

Tonik Energy Stops Trading

Gas and electricity regulator, Ofgem, has said that Tonik Energy has failed so...

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Ann Summers moots a CVA

Ann Summers move closer to a CVA

6 October 2020

Ann Summers has now confirmed it is likely to launch a CVA. ...

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Wildwood restaurant owner Tasty considers options including CVA

According to Bighospitality.co.uk Tasty, the owner of Wildwood and Dim T...

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Pre-pack and CVA being explored for Burger King

Pre-pack and CVA being explored for Burger King

Fast food giant, Burger King, is rumoured to be eyeing a range of restructuring...

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Pre-pack for Côte saves 94 restaurants and 3148 jobs

Pre-pack for Côte saves 94 restaurants and 3148 jobs

Côte Restaurants has been acquired by new investors under a pre-pack...

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CVA for Pizza Hut is approved

CVA for Pizza Hut is approved

28 September 2020

Pizza Hut Restaurants secures it future today as it wins a...

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What Directors Should Think About This Winter

News that the new Job Support Scheme from HM Government offers 22% of the cost...

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Aldo UK collapses into administration

Aldo UK saved, 700 jobs preserved

21 September 2020

The Thai Leisure Group CVA (Company Voluntary Arrangement)...

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Monthly Insolvency Statistics: August 2020

Monthly Insolvency Statistics: August 2020

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

Read more

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