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.

Administration For Beetham London Tower

The Royal Bank of Scotland has put the Beetham London Tower development scheme...

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Archial Architects in administration

Archial Group went into administration, last night, after HMRC rejected a...

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Rok Plc in administration this morning

Rok plc has fallen into administration, the company announced this morning. This...

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Leading manufacturer, Pulse Flexible Packaging Ltd, goes into administration

Based in Bury and Essex, the packaging manufacturer has called in the...

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US retailer, American Apparel, files for chapter 11 bankruptcy

 The controversial US clothing retailer with stores around the world has filed...

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West Cornwall Pasty Co in pre-pack deal, 274 jobs saved

Joint administrators, David Chubb, Stuart Maddison and Robert Moran of PwC were...

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Triton Global bought in pre-pack deal saving 215 jobs

Insurance law firm, DWF, has bought Triton Global in a pre-pack administration...

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Toy company, P&C Distribution, is in administration

The Blackburn-based toy wholesaler and supplier which trades as The In Thing,...

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UK Group of Hotels plc has gone into administration

21 Venues of hotels operating across the UK is in trouble.

The parent company...

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Thermopak rescued in pre-pack administration deal

Gateshead-based manufacturer, Thermopak Ltd, was brought out of administration...

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Steel firm, Kierbeck Thames, is in administration

The steel specialists have called in administrators after struggling to stay...

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Teknoflex Interconnect Solutions is in administration – 90 jobs at risk

The manufacturer, a specialist in flex-rigid circuit boards for electronics, has...

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