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.

See this page on Help for Companies affected by Coronavirus. It will be updated daily.

Debenhams puts itself up for sale in a last-ditch attempt to avoid collapsing into liquidation

India's richest man emerges with interest in Debenhams

23 September 2020

Though there is no certainty that his interest will develop...

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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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Monthly Insolvency Statistics: June 2020

Monthly Insolvency Statistics: June 2020

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

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Monthly Insolvency Statistics: May 2020

Monthly Insolvency Statistics: May 2020

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

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A spike in the amount of UK companies going into liquidation

A spike in the amount of UK companies going into liquidation

Data gathered from The London Gazette – the official public record site-...

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Company insolvency statistics are released for Q4 2019

Company insolvency statistics are released for Q4 2019

The insolvency statistics for Q4 2019 (England, Scotland and Northern...

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Company Insolvencies in Scotland decreased by a third in Q3 2019.

Company Insolvencies in Scotland decreased by a third in Q3 2019.

The most recent analysis by KPMG, indicates that the amount of companies...

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Thomas Cook In Liquidation

Thomas Cook In Liquidation

At 2am this Monday morning, the UK Civil Aviation Authority announced that...

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Liquidation for The Good Food Chain following Listeria Outbreak Investigation

Liquidation for The Good Food Chain following Listeria Outbreak Investigation

Staffordshire-based sandwich manufacturer, The Good Food Chain, has gone into...

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Salford Auto Spares Ltd director disqualified for 7 years

Salford Auto Spares Ltd director disqualified for 7 years

The Insolvency Service has announced that the director of Salford Auto Spares...

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Report into Carillion Collapse Blames Directors and Auditors

Report into Carillion Collapse Blames Directors and Auditors

It should come as no surprise that following the MPs enquiry into the collapse...

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Health & Safety Executive increasing risk of bankruptcy for businesses

Vikki Woodfine, a leading lawyer and partner at DWF LLP, outlined how the Health...

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A Worried Director

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 was mostly written pre Covid-19 and 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. 

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