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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.

Jessops Property Division to Appoint Administrators And Retailer To Use A CVA To Close StoresJessops Property Division to Appoint Administrators And Retailer To Use A CVA To Close Stores

Jessops Property Division to Appoint Administrators And Retailer To Use A CVA To Close Stores

The Dragon's Den investor, Peter Jones, who bought the Jessops camera retailer...

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Links of London Goes Into Administration

Links of London Goes Into Administration

In another blow to the High Street and the retail sector generally, Links of...

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Pizza Express Talks With Creditors Alarms Dedicated Fans Of The Brand

Pizza Express's Talks With Creditors Alarms Dedicated Fans Of The Brand

Pizza Express has been in the news as it emerged that the restaurant chain has...

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Prezzo's CVA strategy appears to be working

Prezzo's CVA strategy appears to be working

I recently read an article in The Caterer , indicating that Prezzo is doing the...

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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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closing shops

Stores Closing On The High Street Hit Record Levels

New research from PwC and the Local Data Company has found that a net 1,234...

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Henderson's Newsagents collapses after 60 years

Henderson's Newsagents collapses after 60 years

Henderson's Newsagents has collapsed into administration.

The 60-year old...

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Monsoon's CVA Approved

Monsoon's CVA Approved

Update

Monsoon has had its CVA proposal approved so rent will be reduced on...

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Shoe retailer, Office step towards a CVA in the UKs current high street crisis

Shoe retailer, Office, steps towards a CVA

It has been reported that Office, the footwear chain owned by Truworths...

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London Shopping Street

London Shops Less Affected By CVAs

New data collected for The Standard Newspaper and analysed by Property agents,...

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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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