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.

The number of firms going bust tumbles as government measures kick in

KPMG studied notices in The Gazette which showed 61 companies fell into...

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New statistics show a decrease in overall company insolvencies for England, Scotland and Northern Ireland

New statistics show a decrease in overall company insolvencies for England, Scotland and Northern Ireland

The insolvency statistics for Q1 2020 (England, Scotland and Northern...

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Prezzo becomes the latest to hire consultants amid the coronavirus pandemic

Prezzo becomes the latest to hire consultants amid the coronavirus pandemic

Italian restaurant chain, Prezzo, becomes the latest to hire consultants amid...

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Intu warns it could go bust unless it can raise additional finance

Intu hire restructuring boss to attempt fixing its balance sheet

01 May 2020

In attempt to fix its balance sheet, Intu, the struggling shopping...

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Glasgow based construction firm falls into administration with 148 jobs lost immediately

Glasgow based construction firm falls into administration with 148 jobs lost immediately

Central Building Contractors, the Glasgow-based construction firm has fallen...

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Liberty Sipp enters administration

Liberty Sipp enters administration

The FCA announced the collapse of the self-invested personal pension provider,...

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Belfast hotel falls into administration before it even opens its doors

The George Best Hotel in Belfast falls into administration before it even got...

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Pizza Express Served with Winding Up Petition

Pizza Express Served with Winding Up Petition

Pizza Express has been in the news lately as it emerged that the landlord of...

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Shearings owner is racing to avoid becoming the next corporate casualty of the coronavirus pandemic

Administration for Specialist Leisure Group

22nd May 2020

Specialist Leisure Group falls into administration, with the...

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LK Bennett in Administration Move

LK Bennett extend its administration for a year

23 March 2020

We are informed today that LK Bennett are extending its...

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Matchlight, the Scottish TV production company collapses

The Scottish production company, Matchlight has collapsed.

Insolvency...

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Virgin Australia expected to go into Voluntary Administration

Virgin Australia collapses into Voluntary Administration

Cash-strapped airline, Virgin Australia (Virgin Australia...

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