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.

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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Dream Lodge Goes Into Administration

Dream Lodge Goes Into Administration

Dream Lodge, which operates holiday parks across East Anglia and other areas has...

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Administration for Hawk Plant Hire Group

Administration for Hawk Plant Hire Group

Hawk Plant (UK) Limited and its subsidiaries, have fallen into administration.

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Furniture Godfrey Syrett has gone into administration

Newcastle-based furniture manufacturer, operating from sites in Langley Moor and...

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Tailor Hardy Amies goes into administration for second time in a decade

Tailor Hardy Amies goes into administration for second time in a decade

Men’s suit tailor, Hardy Amies has gone into administration for the second time...

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Poundworld in Administration to close even more stores

Poundworld in Administration to close even more stores

Administrators announce a further 40 stores to close with the loss of now over...

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Monarch Aircraft Engineering Limited (MAEL) has gone into administration

Monarch Airlines’ engineering arm, Monarch Aircraft Engineering (MAEL) has gone...

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Gulliver's Truck Hire Goes Into Administration

Gulliver's Truck Hire Goes Into Administration

Gulliver's Truck Hire, which was founded in 1960 and is headquartered in St...

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Blue Inc goes into administration

Blue Inc, chaired at one time by Stewart Rose the ex chairman of M&S went into...

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Red Dog Music goes into administration

In a blow to muscians in London and Edinburgh the Music Shop and website of Red...

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Smallbone of Devizes in administration threat

Smallbone of Devizes in administration threat

Canburg the parent company of Smallbone of Devizes, the maker of luxury kitchens...

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prolog warehouse

Prolog in administration

A notice of intention to appoint administrators has been filed at court...

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