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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.

Bonmarche goes into administration in latest blow to High Street

Bonmarche goes into administration in latest blow to High Street

Bonmarche, the women’s fashion chain specialising in clothing for those aged...

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Scottish department store Watt Brothers enters administration

Scottish department store Watt Brothers enters administration

Scottish department store chain, Watt Brothers has fallen into administration...

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Company Insolvencies in Scotland decreased by a third in Q3 2019.

Company Insolvencies in Scotland decreased by a third in Q3 2019.

The most recent analysis by KPMG, indicates that the amount of companies...

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The Outcome of the EFLs extensions to Bury FC and Bolton WanderersThe Outcome of the EFLs extensions to Bury FC and Bolton Wanderers

The Outcome of the EFLs extensions to Bury FC and Bolton Wanderers

UPDATE

Today, we hear that Bury FC are facing a winding up order at the High...

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The Belfast Shipyard, Harland and Wolff, famous for building the Titanic has been saved

A £6 million rescue deal brings Harland & Wolff out of administration threat

Update: Harland and Wolff have been brought out and saved in a £6m rescue deal...

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Bolton Wanderers Saved

Bolton Wanderers Saved

UPDATE 29/08/2019

Yesterday we were told how the EFL gave Bolton Wanderers an...

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Henderson's Newsagents collapses after 60 years

Henderson's Newsagents collapses after 60 years

Henderson's Newsagents has collapsed into administration.

The 60-year old...

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Two Travel Booking Sites collapse as Malvern Group enter Administration

Two Travel Booking Sites collapse as Malvern Group enter Administration

Travel booking sites, LateRooms.com and Super Break have collapsed after parent...

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Administrations down in the 2nd Quarter of 2019

The number of firms going into administration fell by 14 per cent, to 310...

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Office Outlet Goes Into Administration

Office Outlet Goes Into Administration

It was just six months ago that insolvency proceedings were underway for the...

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BetterBathrooms Have Gone Into Administration

BetterBathrooms Have Gone Into Administration

BetterBathrooms, the greater Manchester Headquartered retail firm, has ceased...

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Threat of Administration for Notts County Football Club

Threat of Administration for Notts County Football Club

The worlds oldest football league club, Notts County, risk going into...

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