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.

New statistics show a decrease in overall company insolvencies for England, Scotland and Northern Ireland

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...

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Jewish Chronicle and Jewish News to collapse into liquidation

Jewish Chronicle and Jewish News to collapse into liquidation

The Jewish Chronicle and The Jewish News are to collapse into liquidation being...

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Insolvency for Kent hotel, The Salutation

Insolvency for Kent hotel, The Salutation

The Kent-based hotel made famous by Gogglebox stars Steph and Dom Parker has...

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Liquidation Sale Sign

What Does Liquidation Mean?

What does it mean when a company is liquidated and what happens to it...

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Company insolvency statistics are released for Q4 2019

Company insolvency statistics are released for Q4 2019

The insolvency statistics for Q4 2019 (England, Scotland and Northern...

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Thomas Cook In Liquidation

Thomas Cook In Liquidation

At 2am this Monday morning, the UK Civil Aviation Authority announced that...

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McCoo Art Company Goes Into Liquidation

The colourful McCoo range of artwork and merchandise is being sold off as the...

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British Steel Logo

British Steel Has Gone Into Liquidation

British Steel has gone into liquidation today.

The Government's Official...

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Orla Kiely shops and online business goes into administration

Orla Kiely shops and online business goes into administration

Orla Kiely Goes Into Administration

Irish designer, Orla Kiely has made the...

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Liquidators no longer able to use adjudication in construction contract disputes

A recent case

Michael J Lonsdale (Electrical) Ltd v Bresco Electrical Services...

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insolvency statistics

Insolvency Statistics Show A Fall Compared to Last Quarter But An Increase Compared To Last Year

On Friday, the latest UK Insolvency Statistics for Q2 2018 (April to June) were...

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Elpeeko goes into liquidation

Elpeeko goes into liquidation

Elpeeko, formerly known as the Lincoln Printing Company, has gone into...

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A Worried Director

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 was mostly written pre Covid-19 and 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. 

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