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.

Will Topshop go into a CVA?

Arcadia Pursue a CVA for its Shops

Update

Arcadia has published its CVA proposals.  Read our news item here

-----...

Read more

Arcadia's CVA Proposals Published

Sir Phillip Green, who’s wife Lady Tina owns Arcadia Group, the parent company...

Read more

Debenhams CVA Approved

Debenhams CVA approved to close 50 Stores - 22 to close next year

Update:  Debenhams CVA is approved by creditors

Following the sale of Debenhams...

Read more

Ann Summers in CVA Denial

Ann Summers in CVA Denial

It has been reported that Ann Summers, the lingerie retailer, is looking to use...

Read more

snow and rock logo

Owners of Snow & Rock and Cotswold Outdoor looking at a CVA to close stores

In another blow for the High Street the owners of Snow + Rock, Outdoor and Cycle...

Read more

Failure of CVA for Paton Brown leaves a pre-pack

Failure of CVA for Paton Brown leaves a pre-pack

The direct mail company, located in Ashton-under-Lyne, Paton Brown has fallen...

Read more

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...

Read more

giraffe logo

Giraffe and Ed's Easy Diner to go into a CVA

So, the next big CVA has been announced.   

The owner of Giraffe and Ed’s Easy...

Read more

CVA Debate Review

CVA Debate Review

The CVA debate was very well attended with 50 guests who came to hear the...

Read more

Blackhouse Steak to Close London Restaurant in CVA

Living Ventures has confirmed it will shut its London restaurant Grill on the...

Read more

Allied Healthcare propose a CVA

Allied Healthcare propose a CVA

Allied Healthcare, which cares for 13,500 elderly and vulnerable patients across...

Read more

Gourmet Burger Kitchen confirms CVA

Gourmet Burger Kitchen confirms CVA

Gourmet Burger Kitchen has confirmed that it is seeking a company voluntary...

Read more

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