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.
KSA Group Saves 25 jobs after pre-packaged administration sale
Eric Walls and Wayne Harrison are delighted to announce the sale of a 40 year...
Rescue deal on the table for TM Lewin following its second collapse in two years
07 April 2022
Following the administration of TM Lewin a few weeks ago, an...
All Foundations (UK) Sold in Pre Pack Administration
Piling contractor All Foundations (UK), which has a turnover of £13m and 35...
The Death of Pre Pack Administration to Connected Directors & Shareholders?
New laws regarding Pre Pack Administrations come in April 2021. It mainly...
Pre-pack deal brings restaurant chain Fazenda out of administration
Yorkshire based restaurant chain, Fazenda, has been saved.
City District...
Pre pack pool: How does it work and how much does it cost?
From 2nd November 2015, there have been changes to the way pre-pack...
Pre-pack administration for Prezzo, with 216 jobs lost
10 February 2021
22 Prezzo restaurants are to permanently close after Cain...
Bonmarche Shops may be sold in a pre pack administration
update 2nd of December 2020
Sun European Partners said Monday in a statement...
Bounty to go into administration according to reports
Bounty which operates one of Britain's most popular websites and apps for new...
150 jobs go as Abokado call in administrators
Healthy restaurant group, Abokado, has called in Benjamin Wiles and Geoffrey...
Pre-pack deal for GBK
Ranjit Bopran buys Gourmet Burger Kitchen (GBK) through a pre-pack...
New rules regarding pre pack administration sales announced in parliament
The government has announced that pre pack sales to connected parties will be...
The Ultimate Guide For Worried Directors
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