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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.

Victoria's Secret UK slips into administration

Victoria's Secret UK goes into liquidation

30 July 2021

It has been reported that Victoria's Secret UK has gone into...

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Cleveland Bridge Goes Into Administration

Cleveland Bridge, a 144-year-old company that has produced and designed some of...

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HMV To Open 10 New Stores and Flagship Store 2 Years After Being Bought Out Of Administration

HMV To Open 10 New Stores and Flagship Store 2 Years After Being Bought Out Of Administration

Update 20th July

The music retailer HMV has said it is hoping to open 10 new...

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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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Jaguar Land Rover supplier in talks to avoid administration

Mr Gupta rescues JLRs supplier from insolvency

1 July 2021

Sanjeev Gupta rescues Liberty Aluminium Technologies (LAT) as it...

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Kelham Hall Calls in Administrators

Kelham Hall, a popular wedding venue near Newark, has called in administrators...

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Vital Infrastructure Asset Management (VIAM) Formerly King Construction Goes into Administration

Administrators have been called into Vital Infrastructure Asset Management...

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The High Court rules against Amigos proposal leaving insolvency an option

Update: 01 June 2021

The proposal to set aside a pot of money for compensation...

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Amanda Wakeley, fashion label favourite to many, plunges into administration

Amanda Wakeley, fashion label favourite to many, plunges into administration

Fashion label Amanda Wakeley collapses into administration after failing to find...

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Some Bonmarche stores may never reopen

Some Bonmarche stores may never reopen

April 2021

Many jobs are at risk at Bonmarché as administrators decide how many...

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Jessops In Administration Move for 3rd Time

Jessops In Administration Move for 3rd Time

Jessops has filed a notice to appoint adminstrators for the 3rd time since 2013....

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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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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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