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.
See this page on Help for Companies affected by Coronavirus. It will be updated daily.
Some Bonmarche stores may never reopen
April 2021
Many jobs are at risk at Bonmarché as administrators decide how many...
Jessops In Administration Move for 3rd Time
Jessops has filed a notice to appoint adminstrators for the 3rd time since 2013....
Arcadia collapses with a £510m pension deficit and £800m owed to creditors
19 February 2021
Some outcomes of Arcadias collapse have been revealed:
...
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...
Paperchase saved by a pre-pack
28 January 2021
Paperchase has been rescued by a pre-pack administration to...
Administration for company behind Londons' Richoux and Villagio
The firm behind London’s century-old Richoux afternoon tea rooms and a list of...
Arcadia brand Outfit is to have its stores closed down by the end of the month
19 January 2021
Deloitte, administrators of Sir Philip Green's Arcadia empire...
Edinburgh Woollen Mill has been bought out of administration
12 January 2021
Edinburgh Woollen Mill has been bought out of administration.
...
M&S rescue collapsed fashion brand Jaeger
11 January 2021
Marks and Spencers buy Jaegar out of administration. Purchase...
Wigan Athletic administrators begin formal talks with three groups over potential sale
January 2021
After falling into administration in July last year,...
Over 175,000 retail jobs lost in 2020 by administrations, rationalisations and CVAs
Looking over some statistics for 2020 it has been sobering to discover that...
Monthly Insolvency Statistics: November 2020
The Insolvency Service publish the eight release in its monthly series to...
The Ultimate Guide For Worried Directors
Worried about poor cashflow? Covid-19?, How to pay wages on pay day? For expert 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 and relaxes rules regarding wrongful trading. A new 20 day moratorium for distressed businesses has also been introduced.