Talk to us today in confidence0800 970053907833 240747

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.

Liquidation Sale Sign

What Does Liquidation Mean?

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

Read more

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...

Read more

Liquidators no longer able to use adjudication in construction contract disputes

A recent case

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

Read more

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...

Read more

Elpeeko goes into liquidation

Elpeeko goes into liquidation

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

Read more

Oyster Yachts goes into liquidation

Oyster Yachts goes into liquidation

The Southampton-based yacht builders, Oyster Yachts, went into liquidation on 6...

Read more

Can I sell or transfer my company's assets prior to a liquidation

Yes you can sell or transfer assets prior to insolvency but you must make sure...

Read more

Insolvency Statistics for 2017

Insolvency Statistics: October to December 2017

Early on 26 January 2018, the...

Read more

Carillion goes into liquidation

Carillion goes into liquidation

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

Read more

Director of Greendeal Helpline Ltd disqualified for seven years

Director of Greendeal Helpline Ltd disqualified for seven years

Ms Townsend, the former Director of Greendeal Helpline Ltd, now has a seven-year...

Read more

Liquidations show an increase in the latest quarterly insolvency statistics

The latest insolvency statistics for Q3 have shown for the first time an...

Read more

Store Twenty One goes into liquidation

Store twenty one, the discount fashion chain based in Solihull has gone into...

Read more

You are currently offline. Some pages or content may fail to load.