Just a quick note to say a big thank you to all the staff at KSA, our CVA was passed today by creditors voting in an overwhelming number including HMRC to accept the proposal as prepared by KSA.
The road to reach today’s conclusion has been bumpy, but at each stage your team has supported and guided us through the issues and we have reached a very satisfactory outcome to the benefit of customers, staff, all creditors and shareholders.
News of Companies That Have Gone Bust in the UK

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.
What is Company Liquidation?
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HMRC to become Preferential Creditors in December 2020
On 1 December 2020 a change in the law means that the way in which some...
Personal liability For Bounce Back Loans
Bounce Back Loans were aimed at smaller businesses and directors would not be...
My accountant told me to do it!
Accountants do not know everything about insolvency! Following the increasing...
Insolvent Waste Firm Director Banned
Director of an Insolvent Warrington-based waste business has been disqualified...
UK SME companies run by women are less likely to go bust than companies run by men.
UK SME companies run by women are less likely to go insolvent than companies run...
Salford Auto Spares Ltd director disqualified for 7 years
The Insolvency Service has announced that the director of Salford Auto Spares...
New deal signed by FCA and Insolvency Service to clamp down on phoenix companies
The FCA and Insolvency service have agreed to a deal intended to cut down on the...
Corporate governance of insolvent companies to be strengthened as part of government review
Having recently initiated the 'Insolvency and Corporate Governance...
Debt Connect director disqualified for 9 years
Following the collapse of the debt management company Debt Connect (UK) Ltd...
Two directors banned after failing to pay over £68k in taxes to HMRC
Husband and wife, John and Tracy Williams, have been disqualified as directors...
The Ultimate Guide For Worried Directors
Worried about poor cashflow? Covid-19?, How to pay wages on pay day? For expert advice on a range of issues download our free Ultimate Guide For Worried Directors today. Or just call us on 0800 9700539
Please note that the guide includes updates due to Covid-19 For instance there have been some changes to insolvency legislation that limits creditors actions and relaxes rules regarding wrongful trading. A new 20 day moratorium for distressed businesses has also been introduced.