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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: March 2021

Monthly Insolvency Statistics: March 2021

The Insolvency Service publish the twelfth release, of its monthly series to...

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Some Bonmarche stores may never reopen

Some Bonmarche stores may never reopen

April 2021

Many jobs are at risk at Bonmarché as administrators decide how many...

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The UK arm of Brooks Brothers goes into administration as suits fall out of fashion

The UK arm of Brooks Brothers goes into administration as suits fall out of fashion

The UK division of Brooks Brothers, the US business attire retailer, has gone...

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Liquidation Sale Sign

What is Company Liquidation?

What does it mean when a company goes into liquidation? What happens to it...

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Peacocks has been brought out of administration

Peacocks administrator finalises a rescue deal

6 April 2021

 The deal has been finalised! Peacocks has been bought out of...

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The Recovery Loan Scheme

The Covid Recovery Loan Scheme

Launching on the 6th April 2021 is the Recovery Loan Scheme.

It is open until...

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Winding up petitions and ‘The Coronavirus Test’

Winding up petitions and ‘The Coronavirus Test’

Here discussed are two recent cases which consider what is called the...

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Jessops In Administration Move for 3rd Time

Jessops In Administration Move for 3rd Time

Jessops has filed a notice to appoint adminstrators for the 3rd time since 2013....

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Biggest Irish pub in Manchester has officially closed for good.

Biggest Irish pub in Manchester has officially closed for good.

Waxy O’Connors one of Manchester’s best-loved Irish bars has closed its doors...

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The Death of Pre Pack Administration to Connected Directors & Shareholders?

The Death of Pre Pack Administration to Connected Directors & Shareholders?

New laws regarding Pre Pack Administrations come in April 2021. It mainly...

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Manchester pubs contribute to Stonegates £746m losses

The UK’s largest pub company Stonegate has revealed that the enforced closure of...

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Lender to Liberty Steel goes into administration

19/3/2021

Following the administration of Greensill Capital last week, almost...

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