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.

Bury FC logo

Bury FC Delay CVA despite Winding Up Petition

Manchester based football club, Bury FC, have requested more time for them to...

Read more

Monsoon's CVA Approved

Monsoon's CVA Approved

Update

Monsoon has had its CVA proposal approved so rent will be reduced on...

Read more

Shoe retailer, Office step towards a CVA in the UKs current high street crisis

Shoe retailer, Office, steps towards a CVA

It has been reported that Office, the footwear chain owned by Truworths...

Read more

Will Jack Wills Also Go Down The CVA Route?

Will Jack Wills Also Go Down The CVA Route?

It was reported in the Sunday Times that Jack Wills, the chain popular with...

Read more

London Shopping Street

London Shops Less Affected By CVAs

New data collected for The Standard Newspaper and analysed by Property agents,...

Read more

Retailers increasingly turn to CVAs to restructure their businesses

Retailers increasingly turn to CVAs to restructure their businesses

UK High Street flagging as retailers increasingly turn to CVAs

Figures from the...

Read more

Company Voluntary Arrangements (CVAs) are not just for large national retailers!

We have seen recently a spate of large businesses such as Jamie's Italian, Byron...

Read more

Arcadia's Topshop to go into a CVA

Arcadia's CVA has been approved _ Topshop

Update 12th June 2019:

Arcadia's CVA has been approved

Keith Steven, CVA...

Read more

Why do CVAs get a bad press?

Why do CVAs get a bad press?

It is very simple, when a CVA succeeds very few people hear about it (it doesn't...

Read more

Arcadia's CVA Proposals Published

Landlords Vote is Crucial for Future of Arcadia

Update 05.06.19

Today is the crunch date where the creditors will vote on the...

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

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