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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.

Ann Summers To Exit its CVA

Ann Summers To Exit its CVA

3 February 2022

Ann Summers has said that it has returned to profitability and...

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Poundstretcher's awards 10% pay rise to staff following successful Year Post CVA

Poundstretcher's approved CVA leads to more than 60 of its landlords serving notice

7th December 2021

The budget retailer recorded sales of £140 million in the six...

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Q2 2021: Company Insolvency Statistics

Q2 2021: Company Insolvency Statistics

The company insolvency statistics for the second quarter of 2021 (April to June)...

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Mazars appointed to liquidate the remains of collapsed Arcadia Group

Mazars appointed to liquidate the remains of collapsed Arcadia Group

14th July 2021

Auditing firm Mazars have been appointed to liquidate the...

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7,200 businesses saved by the insolvency and restructuring profession in 2019

7,200 businesses saved by the insolvency and restructuring profession in 2019

Insolvency and restructuring trade body, R3, released a new report which shared...

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Travelodge CVA Success Story Continues

Travelodge CVA Success Story Continues As It Announces Plans To Open 17 New Hotels

Travelodge has announced plans to open 17 new hotels this year, creating over...

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Landlords To Challenge Clarks' CVA

Landlords To Challenge Clarks' CVA

26 April 2021

A group of landlords have filed a legal challenge to the...

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New data reports the largest jump in number of businesses facing significant financial distress since 2014

New data reports the largest jump in number of businesses facing significant financial distress since 2014

The most recent Red Flag Alert report, produced by insolvency firm, Begbies...

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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: December 2020

Monthly Insolvency Statistics: December 2020

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

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Claim that retailers are abusing CVAs: BRC responds

Claim that retailers are abusing CVAs: BRC responds

According to the British Retail Consortium (BRC), landlords which have been...

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Over 175,000 retail jobs lost in 2020 by administrations, rationalisations and CVAs

Over 175,000 retail jobs lost in 2020 by administrations, rationalisations and CVAs

Looking over some statistics for  2020 it has been sobering to discover that...

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