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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.  Once a company has a winding up petition issued against it this tends to crystallise the situation.

Jigsaw’s suppliers have filed claims for £47million

Creditors Approve Jigsaw CVA

22 November 2021

Jigsaw’s suppliers have filed claims for £47million after the...

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Monthly Insolvency Statistics: October 2021

Monthly Insolvency Statistics: October 2021

The Insolvency Service publish the nineteenth release of its monthly series to...

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Affiniti Finance in Administration

Administrators have been appointed to Affiniti Finance Limited one of the...

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The Recovery Loan Scheme

The Covid Recovery Loan Scheme Extended

The Recovery Loan Scheme.

What is it?

The Recovery Loan Scheme (RLS) is a new...

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How Has End Of Furlough Affected Struggling Businesses?

How Has End Of Furlough Affected Struggling Businesses?

Now that the Furlough Scheme is well and truly finished and is unlikely to be...

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O’Keefe Construction (Greenwich Ltd) Has Won £8m Contracts Post CVA

O’Keefe Construction (Greenwich Ltd) Has Won £8m Contracts Post CVA

Update 3rd November 2021

Civils contractor O’Keefe group has won two new...

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GBG International nears administration

News has been released that Global Brands Group is close to administration, as...

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Q3 2021: Company Insolvency Statistics

Q3 2021: Company Insolvency Statistics

The company insolvency statistics for the third quarter of 2021 (July to...

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Bury FC rescued by group of its supporters

Bury FC rescued by group of its supporters

UPDATE 25/10/2021

A year on from being placed into administration and we hear...

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Mount Group Student Natex Limited Goes Into Administration

Mount Group Student NatEx Ltd which is behind a part-built, huge Liverpool city...

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Monthly Insolvency Statistics: September 2021

Monthly Insolvency Statistics: September 2021

The Insolvency Service publish the eighteenth release of its monthly series to...

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