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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.

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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Laura Ashley files for administration amid the Coronavirus outbreak

Amendments to the number of jobs at risk for Laura Ashley

01.04.2020

After filing for administration last week, there has been amendments...

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Byron Burgers Hires Advisors at KPMG

Byron Burgers Hires Advisors at KPMG

Byron Burgers has called in advisors from KPMG to see how it can survive the...

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Beales Department Store collapses into administration

Beales Department Store closes all its remaining stores earlier than expected

18 March 2020

Coronavirus has prompted the remaining Beales department stores...

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Flybe collapses into administration overnight

Flybe collapses into administration overnight

UK airline Flybe collapses into administration after a bid for additional...

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Soak.com, the bathroom retailer has been placed into administration

Soak.com, the bathroom retailer, has been placed into administration

Corporate recovery specialist in Manchester, Leonard Curtis have been appointed...

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muddy runners

Successful sale of Tough Mudder Ltd to Spartan Race Inc

13th February 2020

After fears over the future for Tough Mudder arose last...

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The Book People has gone into administration

The Book People to end operations by Easter

05/02/2020:

No buyer has been sought for The Book People after its fall into...

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Company insolvency statistics are released for Q4 2019

Company insolvency statistics are released for Q4 2019

The insolvency statistics for Q4 2019 (England, Scotland and Northern...

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Hawkins Bazaar in administration Again!

Hawkins Bazaar in administration Again!

Toy Retailer, Hawkins Bazaar enters administration with the future of its 20...

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Owner of Supercuts goes into Administration

A rescue deal for Supercuts

UPDATE: 11/12/2019

Budget hair salon, Supercuts secure a rescue deal and save...

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Jessops In Administration Again

Jessops In Administration Again

The property arm of Peter Jones owned camera retailer, Jessops, calls in...

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