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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.  Once a company has a winding up petition issued against it this tends to crystallise the situation.

Rescue deal on the table for TM Lewin following its second collapse in two years

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...

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Landlords Settle Case Against New Look's CVA Before Court of Appeal

Landlords Settle Case Against New Look's CVA Before Court of Appeal

3 March 2022

New Look's landlords have just announced that they have settled...

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Ann Summers To Exit its CVA

Ann Summers To Exit its CVA

3 February 2022

Ann Summers has said that it has returned to profitability and...

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Poundstretcher's awards 10% pay rise to staff following successful Year Post CVA

Poundstretcher's approved CVA leads to more than 60 of its landlords serving notice

7th December 2021

The budget retailer recorded sales of £140 million in the six...

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83% of UK department store space has shut down since 2016

83% of UK department store space has shut down since 2016

79 stores remain today compared to 467, five years ago While 388 department...

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Victoria's Secret UK slips into administration

Victoria's Secret UK goes into liquidation

30 July 2021

It has been reported that Victoria's Secret UK has gone into...

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HMV To Open 10 New Stores and Flagship Store 2 Years After Being Bought Out Of Administration

HMV To Open 10 New Stores and Flagship Store 2 Years After Being Bought Out Of Administration

Update 20th July

The music retailer HMV has said it is hoping to open 10 new...

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Mazars appointed to liquidate the remains of collapsed Arcadia Group

Mazars appointed to liquidate the remains of collapsed Arcadia Group

14th July 2021

Auditing firm Mazars have been appointed to liquidate the...

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All Debenhams stores to close next week before Boohoo moves it to an online only brand

All Debenhams stores to close next week before Boohoo moves it to an online only brand

5 May 2021

An update on the status of Debenhams stores.

All stores will close...

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The UK arm of Brooks Brothers goes into administration as suits fall out of fashion

The UK arm of Brooks Brothers goes into administration as suits fall out of fashion

The UK division of Brooks Brothers, the US business attire retailer, has gone...

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Jessops In Administration Move for 3rd Time

Jessops In Administration Move for 3rd Time

Jessops has filed a notice to appoint adminstrators for the 3rd time since 2013....

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Footwear chain Dune launch a CVA

Footwear chain Dune launch a CVA

10 February 2021

Following restructuring talks with landlords and the...

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