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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.

See this page on Help for Companies affected by Coronavirus. It will be updated daily.

Wyelands Bank faces being wound up

Wyelands Bank Faces Being Liquidated

Wyelands Bank, majority-owned by Liberty Steel tycoon, Mr Sanjeev Gupta, faces...

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All Debenhams stores to close next week before Boohoo moves it to an online only brand

All Debenhams stores to close next week before Boohoo moves it to an online only brand

5 May 2021

An update on the status of Debenhams stores.

All stores will close...

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Ward Recycling has gone into liquidation

Ward Recycling, (not Donald Ward Ltd, which also trades as Ward Recycling),...

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Liquidation Sale Sign

What is Company Liquidation?

What does it mean when a company goes into liquidation? What happens to it...

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Company Insolvencies in Q4 2020 were lower compared to that of Q4 2019 for England, Wales, Scotland and Northern Ireland

Company Insolvencies in Q4 2020 were lower compared to that of Q4 2019 for England, Wales, Scotland and Northern Ireland

The statistics for Company Insolvencies in UK, Northern Ireland and Scotland for...

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Monthly Insolvency Statistics: November 2020

Monthly Insolvency Statistics: November 2020

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

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Monthly Insolvency Statistics: October 2020

Monthly Insolvency Statistics: October 2020

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

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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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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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A Worried Director

The Ultimate Guide For Worried Directors

Worried about poor cashflow? Feel you have got into a bit of a mess? Covid-19?, How to pay wages on pay day? For reassuring 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.  A new 20 day moratorium for distressed businesses has also been introduced. 

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