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.

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,...

Read more

Nigel Fredericks Enters Administration

Nigel Fredericks Enters Administration

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

Read more

WOW Air Goes Bust

WOW Air Goes Bust

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

Read more

Flybmi Goes into Administration

Flybmi Goes into Administration

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

Read more

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...

Read more

Gourmet Burger Kitchen confirms CVA

Gourmet Burger Kitchen confirms CVA

Gourmet Burger Kitchen has confirmed that it is seeking a company voluntary...

Read more

Pubs still closing at a rate of 3 a day!

Pubs still closing at a rate of 3 a day!

Britain’s Beer Alliance, made up of individual publicans and brewers, states...

Read more

M Restaurants Founder Makes A Second Bid For Gaucho

M Restaurants Founder Makes A Second Bid For Gaucho

Martin Williams, founder of M Restaurants and Ex Managing Director of Gaucho,...

Read more

Gin Festival goes into administration and tickets will not be refunded

Gin Festival goes into administration and tickets will not be refunded

The Ginfestival.com has gone into administration with the loss of 27 jobs and...

Read more

Carluccio's looking to close locations and secure rent reductions as part of rescue bid

Carluccio's looking to close locations and secure rent reductions as part of rescue bid

Well-known high street restaurant chain Carluccio's is set to announce plans to...

Read more

Prezzo Company Voluntary Arrangement Approved 92 Sites to Close.

Prezzo Company Voluntary Arrangement Approved with 92 Sites to Close

Update:  Prezzo has struck a deal to close 92 stores by way of a company...

Read more

Barbecoa in Administration

Barbecoa in Administration

Jamie Oliver's business venture Barbecoa with the American barbeque "expert"...

Read more

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