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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.

Bonmarche goes into administration in latest blow to High Street

Bonmarche goes into administration in latest blow to High Street

Bonmarche, the women’s fashion chain specialising in clothing for those aged...

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Wrightbus To Go Into Administration

Wrightbus To Go Into Administration

It has been confirmed that Wrightbus, the Ballymena-based Boris Bus maker, known...

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Abokado logo

Abokado Company Voluntary Arrangement (CVA) is approved by creditors

Update:  98% of creditors have approved the CVA

The “Pacific-inspired” chain...

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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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Thomas Cook in administration threat unless £200m can be found

Thomas Cook in administration threat unless £200m can be found

Update:  Thomas Cook has been put into liquidation as the £200m was not...

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Debenhams' CVA To Be Challenged in Court

Debenhams' CVA To Be Challenged in Court

Update:

Debenhams has lined up Deloitte as administrators in the event that...

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lunar caravan

Lunar Caravans Limited has been put into administration - Possible buyer found

Update:

An FRP Advisory spokesman said: "The Joint Administrators have...

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Shaylor Group Set To Go Into Administration

Shaylor Group, the Birmingham-based building contractor, has laid off 250 staff...

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British Steel Logo

British Steel Has Gone Into Liquidation

British Steel has gone into liquidation today.

The Government's Official...

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Fashion chain Select to go into administration followed by a new CVA

Fashion chain Select to go into administration followed by a new CVA

Select, the fashion brand, has gone into administration following its attempts...

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snow and rock logo

Owners of Snow & Rock and Cotswold Outdoor looking at a CVA to close stores

In another blow for the High Street the owners of Snow + Rock, Outdoor and Cycle...

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HMV Bought Out Of Administration by Canadian Record Shop Chain Sunrise

HMV Bought Out Of Administration by Canadian Record Shop Chain Sunrise

HMV has been bought out of administration by Sunrise Records,  the Canadian...

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