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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.  Once a company has a winding up petition issued against it this tends to crystallise the situation.

Missguided in Administration Threat

Missguided in Administration Threat

Missguided, the online fashion retailer made famous by its association with Love...

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KSA Group Saves 25 jobs after pre-packaged administration sale

KSA Group Saves 25 jobs after pre-packaged administration sale

Eric Walls and Wayne Harrison are delighted to announce the sale of a 40 year...

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Convenience Store Giant McColl's Collapses into Administration

Morrisons Is To Buy McColls in A Pre Pack Administration

Update 09 May 2022

Morrisons rescues McColls in a Pre Pack Administration...

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Studio owed over £80m when it collapsed into administration

Studio owed over £80m when it collapsed into administration

Update as of 15 March 2022

It has been found out today that when Studio fell...

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Dawnfresh Group in Administration

Dawnfresh Group, Scotland's largest trout producer, has gone into administration...

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Energy Suppliers That Have Gone Bust

Energy Suppliers That Have Gone Bust

21 February 2022

Whoop Energy which was introduced as a “small, independent...

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Digme Fitness In Administration Move

Digme Fitness In Administration Move

Digme Fitness is set to have administrators called in as business takes a...

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The Wolseley restaurant’s owner, Corbin & King, has been forced into administration

The restaurant firm behind celebrity hotspots The Wolseley and The Delauney has...

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Administration for designer brand, Roland Mouret

Administration for designer brand, Roland Mouret

Fashion brand, Roland Mouret has collapsed into administration, with the...

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Affiniti Finance in Administration

Administrators have been appointed to Affiniti Finance Limited one of the...

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Mount Group Student Natex Limited Goes Into Administration

Mount Group Student NatEx Ltd which is behind a part-built, huge Liverpool city...

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UK arm of International Currency Exchange collapses

UK arm of International Currency Exchange collapses

The UK arm of currency exchange provider, International Currency Exchange (ICE),...

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