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.

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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Victoria's Secret UK slips into administration

Next appear a perfect fit for Victoria's Secret

15th September 2020

Next has oficially signed its joint venture deal for the UK...

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Wigan Athletic Goes Into Administration

Wigan Athletic Goes Into Administration

September 2020

Despite falling into administration, Wigan Athletic have been...

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Accident Repair Logo

Nationwide Accident Repair Services Goes Into Administration

Nationwide Accident Repair Services has gone into administration as car...

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Administration for DW Sports with 1,700 jobs at risk

Mike Ashley rescues DW Sports from administration

24 August 2020

Mike Ashley buys rival gym and fitness business, DW Sports from...

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Byron Burgers in Administration Notice

Byron Burgers flips out of administration, saved by a pre-pack

31 July 2020

Sky News reports that Byron Burgers will be sold to Calveton UK as...

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CMV logo

CMV goes into administration

Update 21/07/2020: 

CMV has gone into administration as the rescue attempt...

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Administrators put on standby for shopping centre giant, Intu

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

17 July 2020

After collapsing into administration last month, it has been...

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Cafe Rouge Owner Goes into Administration

Talks with interested parties progress over buying Casual Dining Group

12 July 2020

It has been reported that Epiris, the buyout firm, is having...

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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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