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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.

Wright Marshall has gone into administration

Wright Marshall has gone into administration

Real Estate Agency and Professional Services business, Wright Marshall, has gone...

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Bathstore has gone into administration

Bathstore has gone into administration

Update;

Bathstore has collapsed into administration and all installations have...

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Nigel Fredericks Enters Administration

Nigel Fredericks Enters Administration

London-based meat and poultry wholesaler, Nigel Fredericks Trading Limited, has...

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Shaylor Group Set To Go Into Administration

Shaylor Group, the Birmingham-based building contractor, has laid off 250 staff...

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Quinn Radiators has fallen into administration

Quinn Radiators, of Newport, has fallen into administration, with Grant Thornton...

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What triggers administration and who can appoint an administrator?

Administration is a formal insolvency procedure whereby control of the business...

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Jamies Italian

Jamie's Italian In Administration

Jamie's Italian has gone into administration 2 years after it used a CVA to cut...

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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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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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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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