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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.  Once a company has a winding up petition issued against it this tends to crystallise the situation.

O’Keefe Construction (Greenwich Ltd) Has Won £8m Contracts Post CVA

O’Keefe Construction (Greenwich Ltd) Has Won £8m Contracts Post CVA

Update 3rd November 2021

Civils contractor O’Keefe group has won two new...

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Mount Group Student Natex Limited Goes Into Administration

Mount Group Student NatEx Ltd which is behind a part-built, huge Liverpool city...

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FRC Launches Formal Complaint Against KPMG Regarding Carillion Collapse

FRC Launches Formal Complaint Against KPMG Regarding Carillion Collapse

Update 6th September 2021

UK audit watchdog, the Financial Reporting Council...

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2 Years On From Carillion's Collapse Directors Face Disqualification

2 Years On From Carillion's Collapse Directors Face Disqualification

The Insolvency Service has announced that

January 15th 2021, marks 3 years...

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Sirius Minerals win rescue deal

Sirius Minerals win rescue deal

Yorkshire-based, Sirius Minerals has secured a rescue deal.

The deal is set to...

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Styles and Wood Goes into Administration

The parent company of Sale-based Styles & Wood’s has taken the “difficult but...

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One in Five UK businesses are financially distressed

One in Five UK businesses are financially distressed

New and unsurprising figures show that retailers form a significant part of the...

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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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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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