Just a quick note to say a big thank you to all the staff at KSA, our CVA was passed today by creditors voting in an overwhelming number including HMRC to accept the proposal as prepared by KSA.
The road to reach today’s conclusion has been bumpy, but at each stage your team has supported and guided us through the issues and we have reached a very satisfactory outcome to the benefit of customers, staff, all creditors and shareholders.
News of Companies That Have Gone Bust in the UK

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. Once a company has a winding up petition issued against it this tends to crystallise the situation.
7,200 businesses saved by the insolvency and restructuring profession in 2019
Insolvency and restructuring trade body, R3, released a new report which shared...
New data reports the largest jump in number of businesses facing significant financial distress since 2014
The most recent Red Flag Alert report, produced by insolvency firm, Begbies...
Monthly Insolvency Statistics: December 2020
The Insolvency Service publish the ninth release in its monthly series to...
Elliott Advisers expresses interest in buying the whole of Casual Dining Group
6 July 2020
American hedge fund, Elliot Advisors plots a takeover of Casual...
Henri Lloyd secures partial rescue deal as company is bought out of administration
Fashion retailer Henri Lloyd has been bought via a pre-pack administration by...
Carphone Warehouse issues profit warning and announces plan to shut 92 stores
Carphone Warehouse, as part of the Carphone Dixon group, has issued a profit...
Côte considering closing branches to avoid insolvency
Restaurant group Côte is the latest in a series of national hospitality industry...
Carpetright to close 92 stores as part of major restructure
Carpetright has introduced a set of sweeping measures as part of a major...
The Ultimate Guide For Worried Directors
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