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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.

What triggers administration and who can appoint an administrator?

What triggers administration and who can appoint an administrator?

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

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Business Rates – an Introduction

Business Rates – an Introduction

It is the responsibility of the occupant of a non-domestic (or commercial)...

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Free tools to help your business!

Free tools to help your business!

Below we’ve provided a handy list of free downloadable expert guides, toolkits...

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The most common complaint we hear - Accountants don't help my company!

Our turnaround and insolvency advisors hear many things when talking to new...

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My accountant told me to do it!

My accountant told me to do it!

Accountants do not know everything about insolvency! Following the increasing...

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Why do CVAs get a bad press?

Why do CVAs get a bad press?

It is very simple, when a CVA succeeds very few people hear about it (it doesn't...

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Arcadia's CVA Proposals Published

Landlords Vote is Crucial for Future of Arcadia

Update 05.06.19

Today is the crunch date where the creditors will vote on the...

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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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British Steel Logo

British Steel Has Gone Into Liquidation

British Steel has gone into liquidation today.

The Government's Official...

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Post Offices to Close Down

Post Offices to Close Down

MPs have been warned that the Post Office network could collapse within the next...

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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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Ann Summers in CVA Denial

Ann Summers in CVA Denial

It has been reported that Ann Summers, the lingerie retailer, is looking to use...

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