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News of Companies That Have Gone Bust in the UK

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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.

M&S rescue collapsed fashion brand Jaeger

M&S rescue collapsed fashion brand Jaeger

11 January 2021

Marks and Spencers buy Jaegar out of administration. Purchase...

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Pryzm Nightclubs Owner Deltic Files Notice of Intention to Appoint Administrators

Pryzm Nightclubs Owner, Deltic, Files Notice of Intention to Appoint Administrators

10 December 2020

Deltic has filed a notice of intention to...

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bounty logo

Bounty to go into administration according to reports

Bounty which operates one of Britain's most popular websites and apps for new...

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JD Sports buys back Go Outdoors after putting it into administration

Go Outdoors creditors to get just 1p in the £1

20 July 2020

It is heard that unsecured creditors of Go Outdoors, may just get...

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Styles and Wood Goes into Administration

The parent company of Sale-based Styles & Wood’s has taken the “difficult but...

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Hostmaker to go into administration

Hostmaker to go into administration

Hostmaker, the online property platform that aimed to piggy back onto the...

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Jessops Property Division to Appoint Administrators And Retailer To Use A CVA To Close StoresJessops Property Division to Appoint Administrators And Retailer To Use A CVA To Close Stores

Jessops Property Division to Appoint Administrators And Retailer To Use A CVA To Close Stores

The Dragon's Den investor, Peter Jones, who bought the Jessops camera retailer...

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Two Travel Booking Sites collapse as Malvern Group enter Administration

Two Travel Booking Sites collapse as Malvern Group enter Administration

Travel booking sites, LateRooms.com and Super Break have collapsed after parent...

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Emoov in administration move

Emoov in administration move

The fiercely competitive business of selling houses has resulted in Emoov, the...

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Gaucho in Administration and All 22 CAU Restaurants to Close

Gaucho in Administration and All 22 CAU Restaurants to Close

Deloitte has confirmed, today, that Steak restaurant Gaucho has gone into...

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Lambert Contracts Ltd is the latest Scottish construction company to enter administration

Lambert Contracts Ltd is the latest Scottish construction company to enter administration

Lambert Contracts Ltd is the latest in a series of Scottish construction...

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Bargain Booze and Wine Rack Owner To Go Into Administration

Bargain Booze and Wine Rack Owner To Go Into Administration

Conviviality, the owner of Bargain Booze and Wine Rack, has filed a notice of...

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