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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.

Insolvencies rise 5% in 2019

Insolvencies rise 5% in 2019

According to the latest research by accountancy firm KPMG the number of...

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The Book People has gone into administration

The Book People to end operations by Easter

05/02/2020:

No buyer has been sought for The Book People after its fall into...

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French Connection Up For Sale

French Connection no longer up for sale

UPDATE 2nd February 2020:

FCUK has announced that a buyer is no longer being...

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Aston Martin given breathing space in new rescue deal

Aston Martin given breathing space in new rescue deal

Aston Martin, the luxury UK car marker, has shared its plans to raise £500m...

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Company insolvency statistics are released for Q4 2019

Company insolvency statistics are released for Q4 2019

The insolvency statistics for Q4 2019 (England, Scotland and Northern...

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Individual insolvency statistics Q4 2019

The latest figures suggest that individual insolvencies in 2019 reached its...

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Hawkins Bazaar in administration Again!

Hawkins Bazaar in administration Again!

Toy Retailer, Hawkins Bazaar enters administration with the future of its 20...

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Handmade Burger Company falls into administration

Handmade Burger Company falls into administration

The challenges of the casual dining market due to the overcapacity in the sector...

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HonestJohn.co.uk has gone into administration

HonestJohn.co.uk has gone into administration

The consumer motoring website, Honest John, has gone into administration.  This...

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One in Five UK businesses are financially distressed

One in Five UK businesses are financially distressed

New and unsurprising figures show that retailers form a significant part of the...

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Game urge landlords to propose more realistic rents as part of a rationalisation programme

Game urge landlords to propose more realistic rents as part of a rationalisation programme

Today we hear that video game chain, Game, has urged its landlords to become...

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Brocket Hall likely to go into administration following second winding up petition in 12 months

Brocket Hall likely to go into administration following second winding up petition in 12 months

Update:  20th February. 

Brocket hall has been sold out of administration

It...

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