Talk to us today in confidence0800 970053907833 240747

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.

Another Energy Firm Utilitywise has gone into Administration

Another Energy Firm Utilitywise has gone into Administration

Energy Broker, Utilitywise put 1,000 jobs at risk as they fall into...

Read more

Bifabrications Logo

Burntisland Fabrication Files Notice of Intention to Appoint Administrators

Fife-based Burntisland Fabrication, which builds equipment for the offshore oil...

Read more

West of Scotland Heavy Haulage has fallen into administration

West of Scotland Heavy Haulage Limited has made the majority of its employees...

Read more

Multiple renewable energy firms fall into administration

The last few months have seen a rapid increase in the number of renewable energy...

Read more

You are currently offline. Some pages or content may fail to load.