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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.

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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Paperchase Looking At Turnover Rents Instead of Vacating Premises in a CVA

Paperchase Looking At Turnover Rents Instead of Vacating Premises in a CVA

According to reports Paperchase has been asking landlords for rents to be set by...

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Has It Been Announced That Your BrightHouse store Is To Be Closed?

Has It Been Announced That Your BrightHouse store is to be closed?

BrightHouse, rent-to-own retailer, has announced that 30 stores will close, with...

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HMV Bought Out Of Administration by Canadian Record Shop Chain Sunrise

HMV Bought Out Of Administration by Canadian Record Shop Chain Sunrise

Update

Debenhams has been bought out of administration by Sunrise Records,  the...

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Administration Preparation for Oddbins Owners

Oddbins Goes Into Administration

Oddbins has gone into administration following their notice of intention earlier...

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Treds see red as they fall into administration

Treds see red as they fall into administration

Footwear retailer, Treds, fell into administration on 29th January 2019. PwC's...

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