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.

Debenhams puts itself up for sale in a last-ditch attempt to avoid collapsing into liquidation

India's richest man emerges with interest in Debenhams

23 September 2020

Though there is no certainty that his interest will develop...

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Aldo UK collapses into administration

Aldo UK saved, 700 jobs preserved

21 September 2020

The Thai Leisure Group CVA (Company Voluntary Arrangement)...

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Monthly Insolvency Statistics: August 2020

Monthly Insolvency Statistics: August 2020

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

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Victoria's Secret UK slips into administration

Next appear a perfect fit for Victoria's Secret

15th September 2020

Next has oficially signed its joint venture deal for the UK...

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New Look gives an ultimatum to landlords

New Look landlords give green light to CVA

15th September 2020

In an unexpected outcome - New Look's creditors have...

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Archant calls on CVA and pension lifeboat in rescue deal

Archant calls on CVA and pension lifeboat in rescue deal

Archant, one of Britain’s oldest newspaper publishers, is turning to the...

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Pre-pack deal rescues Travelex, but results in the loss of 1,300 jobs

Pre-pack deal rescues Travelex, but results in the loss of 1,300 jobs

Foreign exchange firm, Travelex, collapsed into administration, with the...

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CVA eyed up by River Island

CVA eyed up by River Island

River Island becomes the latest retailer to eye up a Company Voluntary...

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Drayton Manor file a notice of intention

French firm rescues Drayton Manor from administration

Update...

Drayton Manor has been sold out of administration to French firm,...

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Montgomery teams up with Endless in takeover bid for regional newspaper group Archant

Montgomery teams up with Endless in takeover bid for regional newspaper group Archant

David Montgomery’s listed vehicle, National World, and investment firm, Endless,...

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Arcadia Group on the verge of another restructure

Arcadia Group on the verge of another restructure

27 July 2020

The latest on the situation of Arcadia Group is that they are...

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JD Sports buys back Go Outdoors after putting it into administration

Go Outdoors creditors to get just 1p in the £1

20 July 2020

It is heard that unsecured creditors of Go Outdoors, may just get...

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