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.

JD Sports buys back Go Outdoors after putting it into administration

JD Sports buys back Go Outdoors after putting it into administration

23 June 2020

JD Sports buy back Go Outdoors for £56.5m, in a pre-pack deal.

De...

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Debenhams Files Notice Of Intention to Appoint Administrators

Debenhams: begin the liquidation process of its Ireland, Hong Kong and Bangladesh businesses

18 April 2020

Debenhams states it has agreed deals with most of its landlords...

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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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Stoneywood Mill looks to appoint administrators

Stoneywood Mill looks to appoint administrators

Aberdeen paper mill look to appoint administrators

Sequana, the owners of...

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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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Cover Structure goes into administration

Cover Structure goes into administration

The cladding specialist company Cover Structure has gone into administration.

T...

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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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