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.

Over 24,000 jobs have been lost so far in 2020 by UK retailers alone

Over 24,000 jobs have been lost so far in 2020 by UK retailers alone

New research from the Centre for Retail Research (CRR), reports that over 24,000...

Read more

Cafe Rouge Owner Goes into Administration

Cafe Rouge Owner Goes into Administration

Bella Italia and Café Rouge owner, Casual Dining Group, has gone into...

Read more

Monsoon in administration rumours

A further 57 stores to be saved for Monsoon Accessorize

01 July 2020

It has been reported that Monsoon Accessorize have revealed a...

Read more

New Look gives an ultimatum to landlords

New Look gives an ultimatum to landlords

It is reported that New Look has given an ultimatum to landlords; trying to...

Read more

Pre-pack on the cards for TM Lewin

TM Lewin rumoured to have fallen into administration

30 June 2020

It is rumoured (from an article in The Daily Mail) that TM Lewin...

Read more

Bensons for Beds Bought By Alteri in Pre Pack Administration

Bensons for Beds Bought By Alteri in Pre Pack Administration

Update: Bensons for Beds, which operates 243 shops, has been bought in a...

Read more

Administrators put on standby for shopping centre giant, Intu

Intu has gone into administrators after failing to reach an agreement with lenders

26 June 2020

Retail property giant, Intu, has confirmed that it has...

Read more

Victoria's Secret UK slips into administration

M&S and Next battle over the UK arm of Victoria's Secret

26th June 2020

Sky News learns that Marks & Spencer and Next are battling to...

Read more

JD Sports buys back Go Outdoors after putting it into administration

JD Sports buys back Go Outdoors after putting it into administration

23 June 2020

JD Sports buy back Go Outdoors for £56.5m, in a pre-pack deal.

De...

Read more

Monthly Insolvency Statistics: May 2020

Monthly Insolvency Statistics: May 2020

The Insolvency Service publish the second release in its new monthly series to...

Read more

Aldo UK collapses into administration

Aldo UK collapses into administration

The UK arm of Aldo has fallen into administration, with the impact of Covid-19...

Read more

Johnsons Shoe Company enters administration

Johnsons Shoe Company enters administration

The family footwear business, Johnsons Shoe Company, which runs Johnsons Shoes...

Read more

You are currently offline. Some pages or content may fail to load.