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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.

See this page on Help for Companies affected by Coronavirus. It will be updated daily.

O’Keefe Construction (Greenwich Ltd) CVA Approved

O’Keefe Construction (Greenwich Ltd) CVA Approved

Update 9th September 2021

Suppliers to civils contractor O’Keefe Construction...

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Poundstretcher's approved CVA leads to more than 60 of its landlords serving notice

Poundstretcher's approved CVA leads to more than 60 of its landlords serving notice

2021 September update:

After demanding rent reductions as part of a...

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Mazars appointed to liquidate the remains of collapsed Arcadia Group

Mazars appointed to liquidate the remains of collapsed Arcadia Group

14th July 2021

Auditing firm Mazars have been appointed to liquidate the...

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Itsu - after its CVA

Itsu - after its CVA

June 2021

Itsu confirmed a deal for a CVA last summer which involved two of the...

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CVA for Drake & Morgan gets the green light

CVA for Drake & Morgan gets the green light

10 June 2021

Following a creditors meeting on June 2nd, Drake & Morgan will...

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Try Market Halls Group Is Proposing a CVA

It has been reported that the London-based food market hall operator, Try Market...

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Loch Fyne in CVA Move

Loch Fyne in CVA Move

It has been reported by Propel that Loch Fyne, which is owned by Greene...

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Travelodge CVA Success Story Continues

Travelodge CVA Success Story Continues As It Announces Plans To Open 17 New Hotels

Travelodge has announced plans to open 17 new hotels this year, creating over...

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Leon is considering a CVA

Leon Bought in £100m Deal After CVA

19 April 2021

Leon has been bought by Mohsin and Zuber Issa, the brothers who...

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Footwear chain Dune launch a CVA

Footwear chain Dune launch a CVA

10 February 2021

Following restructuring talks with landlords and the...

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Company Insolvencies in Q4 2020 were lower compared to that of Q4 2019 for England, Wales, Scotland and Northern Ireland

Company Insolvencies in Q4 2020 were lower compared to that of Q4 2019 for England, Wales, Scotland and Northern Ireland

The statistics for Company Insolvencies in UK, Northern Ireland and Scotland for...

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Claim that retailers are abusing CVAs: BRC responds

Claim that retailers are abusing CVAs: BRC responds

According to the British Retail Consortium (BRC), landlords which have been...

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A Worried Director

The Ultimate Guide For Worried Directors

Worried about poor cashflow? Feel you have got into a bit of a mess? Covid-19?, How to pay wages on pay day? For reassuring advice on a range of issues download our free Ultimate Guide For Worried Directors today. Or just call us on 0800 9700539

Please note that the guide includes updates due to Covid-19 For instance there have been some changes to insolvency legislation that limits creditors actions.  A new 20 day moratorium for distressed businesses has also been introduced. 

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