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.

school computers at a desk

Gaia Technologies Goes into Administration

Gaia Technologies, based in Wales and a major supplier to Schools and...

Read more

UNILAD likely to go into administration according to reports

UNILAD likely to go into administration according to reports

The viral content maker UNILAD, which posts funny stories, images, videos etc to...

Read more

Manifest Information Services goes into administration

Manifest Information Services goes into administration

The data management business, Manifest Information Services, began...

Read more

True Telecom put on sale after entering administration

True Telecom put on sale after entering administration

The administrators of True Telecom are now looking for buyers for this insolvent...

Read more

DataCentred goes into administration

On 22 August, it was announced that Manchester-based company, DataCentred, had...

Read more

Entatech has gone into administration

Shropshire-based Entatech, which sold PC hardware and other related computer...

Read more

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