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.

Cafe Rouge Owner Goes into Administration

Talks with interested parties progress over buying Casual Dining Group

12 July 2020

It has been reported that Epiris, the buyout firm, is having...

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Specialist turnaround funds look to take control of some British restaurant chains

Elliott Advisers expresses interest in buying the whole of Casual Dining Group

6 July 2020

American hedge fund, Elliot Advisors plots a takeover of Casual...

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Restaurants going bust not just because of Coronavirus

Restaurants going bust not just because of Coronavirus

Even before the Covid-19 crisis the casual dining sector was in serious trouble...

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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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Hotel industry suffers to Airbnbs' advantage

Hotel industry suffers to Airbnbs' advantage

It is quite interesting to hear that whilst there has been a rise in...

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Pubs still closing at a rate of 3 a day!

Some new numbers those in the pub trade can raise a glass to

UPDATE: 11/12/2019

Despite their being a great decline in the number of pubs...

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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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SpudULike shut all 37 branches overnight, leaving 300 staff shocked and jobless

SpudULike shut all 37 branches overnight, leaving 300 staff shocked and jobless

SpudULike, the baked potato fast food chain, has closed all of its 37 branches,...

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Nigel Fredericks Enters Administration

Nigel Fredericks Enters Administration

London-based meat and poultry wholesaler, Nigel Fredericks Trading Limited, has...

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WOW Air Goes Bust

WOW Air Goes Bust

Thousands of customers have been left stranded following the collapse of budget...

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Flybmi Goes into Administration

Flybmi Goes into Administration

Flybmi, British regional airline has fallen into administration after being...

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Restructuring Experts called in for Cafe Rouge.  Could a CVA result?

Restructuring Experts called in for Cafe Rouge. Could a CVA result?

Casual Dining Group, owners of Café Rouge, Bella Italia and Las Iguanas have...

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