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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.

Gin Festival goes into administration and tickets will not be refunded

Gin Festival goes into administration and tickets will not be refunded

The Ginfestival.com has gone into administration with the loss of 27 jobs and...

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Hummus Bros has gone into administration

Hummus Bros has gone into administration

Hummus Bros has gone into administration

In a blow to the so-called “hipster”...

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All jobs rescued as Rollingsons Solicitors enter administration

All jobs rescued as Rollingsons Solicitors enter administration

Despite having had to enter administration, all jobs at Rollingsons Solicitors –...

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Henri Lloyd secures partial rescue deal as company is bought out of administration

Henri Lloyd secures partial rescue deal as company is bought out of administration

Fashion retailer Henri Lloyd has been bought via a pre-pack administration by...

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Lambert Contracts Ltd is the latest Scottish construction company to enter administration

Lambert Contracts Ltd is the latest Scottish construction company to enter administration

Lambert Contracts Ltd is the latest in a series of Scottish construction...

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New deal signed by FCA and Insolvency Service to clamp down on phoenix companies

New deal signed by FCA and Insolvency Service to clamp down on phoenix companies

The FCA and Insolvency service have agreed to a deal intended to cut down on the...

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Gaucho considers closing Cau branches as part of restructure

Gaucho considers closing Cau branches as part of restructure

UK-based Argentine restaurant chain Gaucho has mooted plans to close branches of...

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Côte considering closing branches to avoid insolvency

Côte considering closing branches to avoid insolvency

Restaurant group Côte is the latest in a series of national hospitality industry...

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Carpetright to close 92 stores as part of major restructure

Carpetright to close 92 stores as part of major restructure

Carpetright has introduced a set of sweeping measures as part of a major...

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All jobs saved after British Thornton enters administration

All jobs saved after British Thornton enters administration

Administrators have announced a deal that will save all jobs at British Thornton...

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Barbecoa in Administration

Barbecoa in Administration

Jamie Oliver's business venture Barbecoa with the American barbeque "expert"...

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Feather and Black logo

Feather and Black go into administration

Feather and Black, the luxury bedding firm, follows MultiYork furniture business...

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A Worried Director

The Ultimate Guide For Worried Directors

Worried about poor cashflow? Covid-19?, How to pay wages on pay day? For expert advice on a range of issues download our free Ultimate Guide For Worried Directors today. Or just call us on 0800 9700539

Please note that the guide includes updates due to Covid-19 For instance there have been some changes to insolvency legislation that limits creditors actions and relaxes rules regarding wrongful trading.  A new 20 day moratorium for distressed businesses has also been introduced. 

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