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.

Monarch Goes into Administration

Monarch Airlines ceases trading disrupting holiday plans for thousands

On 2...

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Administrators save 1400 jobs

Employee redundancies are a regrettable part of most insolvency proceedings. In...

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Rare London goes into administration

Rare London, the celebrity-backed fashion brand, has entered into...

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Primary Care People owes GPs thousands after entering administration

Primary Care People, a medical staffing agency, has fallen into administration...

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J Bryan (Victoria) Ltd goes into administration

J Bryan (Victoria) Ltd., the family-owned demolition firm, has entered...

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Store Twenty One goes into liquidation

Store twenty one, the discount fashion chain based in Solihull has gone into...

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Promac solutions have called in administrators

A machinery supplier based in Berkshire by the name of Promac solutions have...

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Vertu considers a pre pack administration

Vertu is a luxury phone maker, previously owned by Nokia, with devices ranging...

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GGI Office Furniture goes into administration

The Lancashire-based company GGI Office Furniture has gone into administration,...

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Lehman Brothers' creditors to receive additional £5bn

Creditors of Lehman Brothers International Europe (LBIE) will receive £5bn in...

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iCandy goes into administration due to cash flow problems

iCandy has gone into administration due to cash flow issues that have persisted...

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Entatech has gone into administration

Shropshire-based Entatech, which sold PC hardware and other related computer...

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