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.

Fashion chain Select to go into administration followed by a new CVA

Fashion chain Select to go into administration followed by a new CVA

Select, the fashion brand, has gone into administration following its attempts...

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bolton wanderers logo

Bolton Wanderers to go into Administration

It was only last September that Bolton Wanderers avoided administration. They...

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Four Season Health Care - Holding Companies Go Into Administration

Four Season Health Care - Holding Companies Go Into Administration

In worrying news for the 17,000 residents of nursing homes provided by Four...

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Could Debenhams go into administration?

Debenhams Goes Into Administration

Update : 9th April 2019

There has been much in the news about Debenhams and...

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interserve logo

Interserve To Go Into Administration

Is it likely that Interserve will go into administration or liquidation? The...

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BetterBathrooms Have Gone Into Administration

BetterBathrooms Have Gone Into Administration

BetterBathrooms, the greater Manchester Headquartered retail firm, has ceased...

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WageDayAdvance Goes Into Administration

Curo Transatlantic Limited (CTL), which trades as Wage Day Advance and Juo...

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Widnes Vikings have gone into administration

Widnes Vikings have gone into administration and possibly liquidation if no new...

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Avara Avlon Has Gone Into Administration

Avara Avlon, the Bristol based Pharmaceuticals company, has gone into...

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Flybmi Goes into Administration

Flybmi Goes into Administration

Flybmi, British regional airline has fallen into administration after being...

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HMV Bought Out Of Administration by Canadian Record Shop Chain Sunrise

HMV Bought Out Of Administration by Canadian Record Shop Chain Sunrise

HMV has been bought out of administration by Sunrise Records,  the Canadian...

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Treds see red as they fall into administration

Treds see red as they fall into administration

Footwear retailer, Treds, fell into administration on 29th January 2019. PwC's...

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