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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.

Failure of CVA for Paton Brown leaves a pre-pack

Failure of CVA for Paton Brown leaves a pre-pack

The direct mail company, located in Ashton-under-Lyne, Paton Brown has fallen...

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Could Debenhams go into administration?

Debenhams Goes Into Administration

Update : 9th April 2019

There has been much in the news about Debenhams and...

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interserve logo

Interserve To Go Into Administration

Is it likely that Interserve will go into administration or liquidation? The...

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Henri Lloyd secures partial rescue deal as company is bought out of administration

Henri Lloyd secures partial rescue deal as company is bought out of administration

Fashion retailer Henri Lloyd has been bought via a pre-pack administration by...

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Pre pack research papers

Research claims directors are trying to avoid paying creditors through pre pack administrations

Moore Stephens has found that “Pre-pack administrations are continuing to...

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London restaurant Boulestin sold after entering administration

London restaurant Boulestin sold after entering administration

On 8 February, the owners of Boulestin announced that the restaurant had gone...

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Barbecoa in Administration

Barbecoa in Administration

Jamie Oliver's business venture Barbecoa with the American barbeque "expert"...

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Float Glass Industries falls into administration

Float Glass Industries falls into administration

The Manchester-based glass manufacturer, Float Glass Industries, and its parent...

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Vertu considers a pre pack administration

Vertu is a luxury phone maker, previously owned by Nokia, with devices ranging...

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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...

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Pre Pack Administration Proposals Published

The long awaited Government report on Pre Pack administrations has finally been...

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KSA Group Sells Sharda Glass Business in Pre Christmas Pre Pack

Eric Walls and Wayne Harrison confirm that, acting as administrators, they sold...

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