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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.

Retail sales improve in January after a weak end to 2019

Retail sales improve in January after a weak end to 2019

New findings from the Office for National Statistics show that, after falls in...

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Can 265-year-old Axminster Carpets avoid administration again?

Axminster Carpets' rescue deal falters

Update 19th February 2020 

Axminster Carpets has called in Duff & Phelps as...

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Beales Department Store collapses into administration

Beales Department Store to close its remaining stores

19 February 2020

Last month department chain, Beales, fell into administration....

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laura ashley

Laura Ashley in trouble again just a year after going into administration

Laura Ashley, the fashion and home retailer, saw its shares fall today by 41%...

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French Connection Up For Sale

French Connection no longer up for sale

UPDATE 2nd February 2020:

FCUK has announced that a buyer is no longer being...

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Hawkins Bazaar in administration Again!

Hawkins Bazaar in administration Again!

Toy Retailer, Hawkins Bazaar enters administration with the future of its 20...

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One in Five UK businesses are financially distressed

One in Five UK businesses are financially distressed

New and unsurprising figures show that retailers form a significant part of the...

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Game urge landlords to propose more realistic rents as part of a rationalisation programme

Game urge landlords to propose more realistic rents as part of a rationalisation programme

Today we hear that video game chain, Game, has urged its landlords to become...

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chilango logo

Chilango confirms it is proposing a Company Voluntary Arrangement (CVA)

UPDATE:

New reports inform us that the investors who took out a burrito bond in...

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Boxing Day sales at its worst footfall in almost a decade

Boxing Day sales at its worst footfall in almost a decade

Interestingly enough, new figures from Springboard, have shown the 2019 Boxing...

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Owner of Supercuts goes into Administration

A rescue deal for Supercuts

UPDATE: 11/12/2019

Budget hair salon, Supercuts secure a rescue deal and save...

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Jessops In Administration Again

Jessops In Administration Again

The property arm of Peter Jones owned camera retailer, Jessops, calls in...

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