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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.

Mamas & Papas collapses into administration

Mamas & Papas collapses into administration

73 staff have been made redundant with immediate effect and 54 additional head...

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Mothercare logo

Mothercare UK collapse into administration

UPDATE 6/11/2019

Mothercare UK has gone into administration, with the closure...

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Owner of Supercuts goes into Administration

Owner of Supercuts goes into Administration

On Wednesday night, we saw the owner of Supercuts, one of Britains largest chain...

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quick quid logo

Is Quick Quid about to go into administration

Sky News has reported that CashEuroNet UK, which trades as the QuickQuid brand,...

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Toto Energy in administration and cease trading

Toto Energy in administration and cease trading

It was just three months ago that Toto Energy took on the customers of...

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Bonmarche goes into administration in latest blow to High Street

Bonmarche goes into administration in latest blow to High Street

Bonmarche, the women’s fashion chain specialising in clothing for those aged...

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Jessops Property Division to Appoint Administrators And Retailer To Use A CVA To Close StoresJessops Property Division to Appoint Administrators And Retailer To Use A CVA To Close Stores

Jessops Property Division to Appoint Administrators And Retailer To Use A CVA To Close Stores

The Dragon's Den investor, Peter Jones, who bought the Jessops camera retailer...

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Links of London Goes Into Administration

Links of London Goes Into Administration

In another blow to the High Street and the retail sector generally, Links of...

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Wrightbus To Go Into Administration

Wrightbus To Go Into Administration

It has been confirmed that Wrightbus, the Ballymena-based Boris Bus maker, known...

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Thomas Cook in administration threat unless £200m can be found

Thomas Cook in administration threat unless £200m can be found

Update:  Thomas Cook has been put into liquidation as the £200m was not...

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school computers at a desk

Gaia Technologies Goes into Administration

Gaia Technologies, based in Wales and a major supplier to Schools and...

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lunar caravan

Lunar Caravans Limited has been put into administration - Possible buyer found

Update:

An FRP Advisory spokesman said: "The Joint Administrators have...

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