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.

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

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

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

2021 September update:

After demanding rent reductions as part of a...

Read more

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...

Read more

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...

Read more

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...

Read more

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...

Read more

Landlords Lose Case Against New Look's CVA But Can Appeal

Landlords Lose Case Against New Look's CVA But Can Appeal

17 May 2021

New Look Landlords have been granted leave to appeal to the Supreme...

Read more

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...

Read more

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...

Read more

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....

Read more

Footwear chain Dune launch a CVA

Footwear chain Dune launch a CVA

10 February 2021

Following restructuring talks with landlords and the...

Read more

Arcadia brand Outfit is to have its stores closed down by the end of the month

Arcadia brand Outfit is to have its stores closed down by the end of the month

19 January 2021

Deloitte, administrators of Sir Philip Green's Arcadia empire...

Read more

M&S rescue collapsed fashion brand Jaeger

M&S rescue collapsed fashion brand Jaeger

11 January 2021

Marks and Spencers buy Jaegar out of administration. Purchase...

Read more

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