Just a quick note to say a big thank you to all the staff at KSA, our CVA was passed today by creditors voting in an overwhelming number including HMRC to accept the proposal as prepared by KSA.
The road to reach today’s conclusion has been bumpy, but at each stage your team has supported and guided us through the issues and we have reached a very satisfactory outcome to the benefit of customers, staff, all creditors and shareholders.
News of Companies That Have Gone Bust in the UK

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 confirms plans to close six stores for good, including flagship store on Oxford Street
13 January 2021
Today's news hits that Debenhams confirms plans to close six of...
Monthly Insolvency Statistics: November 2020
The Insolvency Service publish the eight release in its monthly series to...
What is Company Liquidation?
What does it mean when a company goes into liquidation? What happens to it...
Monthly Insolvency Statistics: October 2020
The Insolvency Service publish the seventh release in its monthly series to...
New statistics show a decrease in overall company insolvencies for England, Scotland and Northern Ireland
The insolvency statistics for Q1 2020 (England, Scotland and Northern...
Jewish Chronicle and Jewish News to collapse into liquidation
The Jewish Chronicle and The Jewish News are to collapse into liquidation being...
Insolvency for Kent hotel, The Salutation
The Kent-based hotel made famous by Gogglebox stars Steph and Dom Parker has...
Company insolvency statistics are released for Q4 2019
The insolvency statistics for Q4 2019 (England, Scotland and Northern...
Thomas Cook In Liquidation
At 2am this Monday morning, the UK Civil Aviation Authority announced that...
McCoo Art Company Goes Into Liquidation
The colourful McCoo range of artwork and merchandise is being sold off as the...
British Steel Has Gone Into Liquidation
British Steel has gone into liquidation today.
The Government's Official...
Orla Kiely shops and online business goes into administration
Orla Kiely Goes Into Administration
Irish designer, Orla Kiely has made the...
The Ultimate Guide For Worried Directors
Worried about poor cashflow? Covid-19?, How to pay wages on pay day? For expert advice on a range of issues download our free Ultimate Guide For Worried Directors today. Or just call us on 0800 9700539
Please note that the guide includes updates due to Covid-19 For instance there have been some changes to insolvency legislation that limits creditors actions and relaxes rules regarding wrongful trading. A new 20 day moratorium for distressed businesses has also been introduced.