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.

Cafe Rouge Owner Goes into Administration

Cafe Rouge Owner Goes into Administration

Bella Italia and Café Rouge owner, Casual Dining Group, has gone into...

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Wigan Athletic Goes Into Administration

Wigan Athletic Goes Into Administration

Wigan Athletic has gone into administration after a recent run of good results. ...

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help for business

Help for Companies and Businesses Affected by Coronavirus (COVID-19) and Lockdown

Coronavirus (COVID-19) has meant that the Government banks and other...

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Byron Burgers in Administration Notice

Byron Burgers in Administration Notice

Update; Byron Burger has filed a notice of intention to appoint administrators...

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Administrators put on standby for shopping centre giant, Intu

Intu has gone into administrators after failing to reach an agreement with lenders

26 June 2020

Retail property giant, Intu, has confirmed that it has...

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Victoria's Secret UK slips into administration

M&S and Next battle over the UK arm of Victoria's Secret

26th June 2020

Sky News learns that Marks & Spencer and Next are battling to...

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oasis fashion logo

Boohoo to purchase the online businesses of Oasis and Warehouse

17/06/2020

Almost two months after Hilco Capital secured a deal to buy the...

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Le Pain Quotidien to go into administration

Rescue deal secured for Le Pain Quotidien

13 June 2020

Troubled cafe chain, Le Pain Quotidien has been rescued after...

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Quiz Clothing Stores Division to Go Into Administration

Kast Retail Limited, the division of Quiz which runs its 82 standalone stores in...

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Sandwich maker and food-to-go supplier Adelie collapses

Adelie, one of the UK’s biggest sandwich makers and food-to-go suppliers, has...

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Specialist Leisure Logo

Shearings and National Holidays Owner Specialist Leisure Goes into Administration

Northern-based Specialist Leisure Group (SLG) which operated Shearings, National...

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Bella Italia owner in talks with creditors about a restructuring

Bella Italia owner in talks with creditors about a restructuring

Just hours after the below news was shared, we are informed that the owner of...

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