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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.

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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Debenhams CVA Approved

Debenhams CVA approved to close 50 Stores - 22 to close next year

Update:  Debenhams CVA is approved by creditors

Following the sale of Debenhams...

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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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Poundworld in Administration to close even more stores

Poundworld in Administration to close even more stores

Administrators announce a further 40 stores to close with the loss of now over...

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prolog warehouse

Prolog in administration

A notice of intention to appoint administrators has been filed at court...

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Half of Evans Cycles stores to be closed in rescue deal

Mike Ashley, Billionaire and founder of Sports Direct, has brought Evans Cycles...

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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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Further Mothercare store closures following CVA

Further Mothercare store closures following CVA

In May, Mothercare confirmed the rumours that they were looking to propose a...

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