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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.

Over 175,000 retail jobs lost in 2020 by administrations, rationalisations and CVAs

Over 175,000 retail jobs lost in 2020 by administrations, rationalisations and CVAs

Looking over some statistics for  2020 it has been sobering to discover that...

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Moss Bros eye up a CVA

CVA proposal given the green light by Moss Bros' creditors

16 December 2020

More than 80% of Moss Bros' creditors have approved its CVA...

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Monthly Insolvency Statistics: November 2020

Monthly Insolvency Statistics: November 2020

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

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Pryzm Nightclubs Owner Deltic Files Notice of Intention to Appoint Administrators

Pryzm Nightclubs Owner, Deltic, Files Notice of Intention to Appoint Administrators

10 December 2020

Deltic has filed a notice of intention to...

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Landlords can't aggressively collect rent again until March 2021

Landlords can't aggressively collect rent again until March 2021

Landlords had written to the Government in a plea to allow them to aggressively...

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Kind Consumer collapses

Kind Consumer collapses

Kind Consumer, the maker of nicotine-inhaling devices that manufactured under...

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Caffe Nero appoint KPMG to assess options

CVA vote gives CVA approval for Caffe Nero

2.12.2020

Gerry Ford,  the controlling stakeholder of Nero Holdings, pledges a...

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Christmas Killer or Christmas Saviour

Christmas Killer or Christmas Saviour

As details slowly emerge about the Government’s plans at the end of this 2nd...

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Lenders draft in advisers for Cineworld

Cineworld eye up a CVA

23 November 2020

Sky News reports that Cineworld has secured a £552m ($750m)...

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Clarks plots permanent store closures

Landlords approve Clarks' CVA

23 November 2020

Landlords apprive a rescue deal for Clarks. It allows 60 of...

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One in seven companies risk collapse in the next 12 weeks

One in seven companies risk collapse in the next 12 weeks

The Office for National Statistics share this morning, results from a survey it...

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Monthly Insolvency Statistics: October 2020

Monthly Insolvency Statistics: October 2020

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

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