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.

See this page on Help for Companies affected by Coronavirus. It will be updated daily.

Debenhams puts itself up for sale in a last-ditch attempt to avoid collapsing into liquidation

India's richest man emerges with interest in Debenhams

23 September 2020

Though there is no certainty that his interest will develop...

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Aldo UK collapses into administration

Aldo UK saved, 700 jobs preserved

21 September 2020

The Thai Leisure Group CVA (Company Voluntary Arrangement)...

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Victoria's Secret UK slips into administration

Next appear a perfect fit for Victoria's Secret

15th September 2020

Next has oficially signed its joint venture deal for the UK...

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New Look gives an ultimatum to landlords

New Look landlords give green light to CVA

15th September 2020

In an unexpected outcome - New Look's creditors have...

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Ann Summers moots a CVA

Ann Summers threatens landlords with a CVA

Rumours have it that lingerie and sex toy retailer, Ann Summers is poised to...

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Moss Bros eye up a CVA

Moss Bros eye up a CVA

Moss Bros has hired KPMG to prepare itself for a company voluntary arrangement...

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chilango logo

Chilango sold out of administration

UPDATE: 27th August

Cityam.com report that today, Chilango told investors that...

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Administration for DW Sports with 1,700 jobs at risk

Mike Ashley rescues DW Sports from administration

24 August 2020

Mike Ashley buys rival gym and fitness business, DW Sports from...

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CVA approved for The Baird Group

12 August 2020

Creditors of The Baird Group, one of the licencees for Ben...

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Select consider yet another CVA

Select consider yet another CVA

Fashion retailer, Select is said to be considering launching another company...

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WHSmith demand rent cuts from landlords

WHSmith demand rent cuts from landlords

WHSmith is reportedly demanding rent cuts from its landlords, just days after it...

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M&Co seek new investors following fall in sales

M&Co becomes the latest high street pre-pack

05 August 2020

Family owned retailer, M&Co will close around 47 of its 260...

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