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. Once a company has a winding up petition issued against it this tends to crystallise the situation.
Hostmaker to go into administration
Hostmaker, the online property platform that aimed to piggy back onto the...
Gaia Technologies Goes into Administration
Gaia Technologies, based in Wales and a major supplier to Schools and...
UNILAD likely to go into administration according to reports
The viral content maker UNILAD, which posts funny stories, images, videos etc to...
Manifest Information Services goes into administration
The data management business, Manifest Information Services, began...
True Telecom put on sale after entering administration
The administrators of True Telecom are now looking for buyers for this insolvent...
DataCentred goes into administration
On 22 August, it was announced that Manchester-based company, DataCentred, had...
Entatech has gone into administration
Shropshire-based Entatech, which sold PC hardware and other related computer...
The Ultimate Guide For Worried Directors
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