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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.

Monsoon's CVA Published Ahead of Creditors Meeting

Monsoon's CVA Published Ahead of Creditors Meeting

Monsoon and Accessorize's long awaited CVA proposal has been published and the...

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Retailers increasingly turn to CVAs to restructure their businesses

Retailers increasingly turn to CVAs to restructure their businesses

UK high street flagging as retailers increasingly turn to CVAs

Figures from the...

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Post Offices to Close Down

Post Offices to Close Down

MPs have been warned that the Post Office network could collapse within the next...

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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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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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Administrators lined up for budget retailer, Select

Select in administration move

Select has filed a notice of intention to appoint administrators at the court...

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Office Outlet Goes Into Administration

Office Outlet Goes Into Administration

It was just six months ago that insolvency proceedings were underway for the...

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Rent Quarter Day Looming - What if I can't Pay

Landlords are preparing to issue their invoices for 25th March (rent quarter...

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Paperchase looking at CVA according to reports

Paperchase restructuring via a CVA: 28 stores to close

Update 4th March 2019:

Stationery shop, Paperchase launch a CVA. 

They seek a...

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BetterBathrooms Have Gone Into Administration

BetterBathrooms Have Gone Into Administration

BetterBathrooms, the greater Manchester Headquartered retail firm, has ceased...

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Patisserie Valerie in talks with lenders to stop it going bust.

Patisserie Valerie Collapse

Update (14.02.19) 

Patisserie Valerie has been rescued by Causeway Capital...

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