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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.

Fastest decline for the UK Construction Industry in a decade

Fastest decline for the UK Construction Industry in a decade

UPDATE 4/9/2019

Today, we see the overall statistics of the PMI study released,...

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Shaylor Group Set To Go Into Administration

Shaylor Group, the Birmingham-based building contractor, has laid off 250 staff...

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A Year On From Carillion's Collapse

A Year On From Carillion's Collapse

January 15th 2019, marks a years anniversary from the collapse of construction...

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Report into Carillion Collapse Blames Directors and Auditors

Report into Carillion Collapse Blames Directors and Auditors

It should come as no surprise that following the MPs enquiry into the collapse...

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Cover Structure goes into administration

Cover Structure goes into administration

The cladding specialist company Cover Structure has gone into administration.

T...

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Carillion goes into liquidation

Carillion goes into liquidation

Carillion has announced that it is to go into liquidation with immediate effect....

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Lakesmere Group Goes Into Administration

Lakesmere Group, the building envelope contractor, will shed 109 jobs as it...

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Pinnacle Angelgate Ltd goes into administration

The Angelgate development was devised to provide luxury apartments in the heart...

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Administration for Woolston Warehouse Developers

North Park (Bradford) Limited was set up as a consortium to carry out the first...

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