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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.

Hawkins Bazaar in administration Again!

Hawkins Bazaar in administration Again!

Toy Retailer, Hawkins Bazaar enters administration with the future of its 20...

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One in Five UK businesses are financially distressed

One in Five UK businesses are financially distressed

New and unsurprising figures show that retailers form a significant part of the...

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Game urge landlords to propose more realistic rents as part of a rationalisation programme

Game urge landlords to propose more realistic rents as part of a rationalisation programme

Today we hear that video game chain, Game, has urged its landlords to become...

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Boxing Day sales at its worst footfall in almost a decade

Boxing Day sales at its worst footfall in almost a decade

Interestingly enough, new figures from Springboard, have shown the 2019 Boxing...

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Owner of Supercuts goes into Administration

A rescue deal for Supercuts

UPDATE: 11/12/2019

Budget hair salon, Supercuts secure a rescue deal and save...

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Pre-Pack Administration for Clintons is confirmed

Pre-Pack Administration for Clintons is confirmed

The UK’s second biggest independent card retailer, Clintons, is being rescued by...

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Retail Performed Better Than Expected for Black Friday and Cyber Monday

Retail Performed Better Than Expected for Black Friday and Cyber Monday

So…with the "crisis" for the UK High Street and frequent shop closures, how did...

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Clintons looks at a CVA to put pressure on landlords

Clintons looks at a CVA to put pressure on landlords

It has been reported by Sky News that directors at Clintons, the Card retailer,...

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Mothercare logo

Mothercare UK collapse into administration

UPDATE 6/11/2019

Mothercare UK has gone into administration, with the closure...

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Jessops Property Division to Appoint Administrators And Retailer To Use A CVA To Close StoresJessops Property Division to Appoint Administrators And Retailer To Use A CVA To Close Stores

Jessops Property Division to Appoint Administrators And Retailer To Use A CVA To Close Stores

The Dragon's Den investor, Peter Jones, who bought the Jessops camera retailer...

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Prezzo's CVA strategy appears to be working

Prezzo's CVA strategy appears to be working

I recently read an article in The Caterer , indicating that Prezzo is doing the...

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Abokado logo

Abokado Company Voluntary Arrangement (CVA) is approved by creditors

Update:  98% of creditors have approved the CVA

The “Pacific-inspired” chain...

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