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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.  Once a company has a winding up petition issued against it this tends to crystallise the situation.

Liquidation served for The Academy of Live and Recorded Arts (ALRA)

Liquidation served for The Academy of Live and Recorded Arts (ALRA)

Shared by The Insolvency Service on the Government website today, The Academy of...

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Liquidation talks for Trinity Group

Liquidation talks for Trinity Group

Trinity Group, which owns Gieves & Hawkes (suit tailor), Kent & Curwen (men’s...

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FRC Launches Formal Complaint Against KPMG Regarding Carillion Collapse

FRC Launches Formal Complaint Against KPMG Regarding Carillion Collapse

Update 6th September 2021

UK audit watchdog, the Financial Reporting Council...

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Q2 2021: Company Insolvency Statistics

Q2 2021: Company Insolvency Statistics

The company insolvency statistics for the second quarter of 2021 (April to June)...

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Rise in liquidations for Scottish firms

Rise in liquidations for Scottish firms

According to recent statistics, the amount of firms entering liquidation in...

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Stobart Air collapses into liquidation

Stobart Air collapses into liquidation

14 June 2021

Following the collapse of Stobart Air, its parent company, Esken...

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7,200 businesses saved by the insolvency and restructuring profession in 2019

7,200 businesses saved by the insolvency and restructuring profession in 2019

Insolvency and restructuring trade body, R3, released a new report which shared...

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New data reports the largest jump in number of businesses facing significant financial distress since 2014

New data reports the largest jump in number of businesses facing significant financial distress since 2014

The most recent Red Flag Alert report, produced by insolvency firm, Begbies...

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Company Insolvencies in Q4 2020 were lower compared to that of Q4 2019 for England, Wales, Scotland and Northern Ireland

Company Insolvencies in Q4 2020 were lower compared to that of Q4 2019 for England, Wales, Scotland and Northern Ireland

The statistics for Company Insolvencies in UK, Northern Ireland and Scotland for...

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Monthly Insolvency Statistics: December 2020

Monthly Insolvency Statistics: December 2020

The Insolvency Service publish the ninth release in its monthly series to...

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Monthly Insolvency Statistics: September 2020

Monthly Insolvency Statistics: September 2020

The Insolvency Service publish the sixth release in its monthly series to...

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Monthly Insolvency Statistics: August 2020

Monthly Insolvency Statistics: August 2020

The Insolvency Service publish the fifth release in its monthly series to...

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