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.
Landlords can aggressively collect rent again
Legislation had been enacted that stopped landlords forfeiting leases, issuing...
Insolvency Statistics Q1 2019
The latest statistics have come out regarding the number of companies that...
Scottish Insolvencies Rise in Q3
It’s been reported that the amount of large Scottish businesses falling into...
Katie Hopkins Rumoured to be looking at IVA to avoid Bankruptcy
‘’Two tweets cost her house, her job and now her credit rating ‘’
Katie Hopkins...
Carphone Warehouse issues profit warning and announces plan to shut 92 stores
Carphone Warehouse, as part of the Carphone Dixon group, has issued a profit...
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...
Insolvency Service places six pension firms in to provisional liquidation
Following a substantial investigation, the Insolvency Service has put six...
Research claims directors are trying to avoid paying creditors through pre pack administrations
Moore Stephens has found that “Pre-pack administrations are continuing to...
Mango Bikes goes into administration
The online bike retailer, Mango Bikes, has fallen into administration. This is,...
True Telecom put on sale after entering administration
The administrators of True Telecom are now looking for buyers for this insolvent...
The Ultimate Guide For Worried Directors
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