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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.

Jamies Italian

Jamie's Italian In Administration

Jamie's Italian has gone into administration 2 years after it used a CVA to cut...

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Fashion chain Select to go into administration followed by a new CVA

Fashion chain Select to go into administration followed by a new CVA

Select, the fashion brand, has gone into administration following its attempts...

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bolton wanderers logo

Bolton Wanderers to go into Administration

It was only last September that Bolton Wanderers avoided administration. They...

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Four Season Health Care - Holding Companies Go Into Administration

Four Season Health Care - Holding Companies Go Into Administration

In worrying news for the 17,000 residents of nursing homes provided by Four...

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LK Bennett in Administration Move

LK Bennett Saved From Administration

Update:

LK Bennett has been saved, but has had to close 15 stores.

Byland UK,...

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Could Debenhams go into administration?

Debenhams Goes Into Administration

Update : 9th April 2019

There has been much in the news about Debenhams and...

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Administrators lined up for budget retailer, Select

Select in administration move

Select has filed a notice of intention to appoint administrators at the court...

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Office Outlet Goes Into Administration

Office Outlet Goes Into Administration

It was just six months ago that insolvency proceedings were underway for the...

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interserve logo

Interserve To Go Into Administration

Is it likely that Interserve will go into administration or liquidation? The...

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Has Dawnus Gone Into Administration?

Update; Construction News has tweeted that Dawnus has gone into administration

...

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BetterBathrooms Have Gone Into Administration

BetterBathrooms Have Gone Into Administration

BetterBathrooms, the greater Manchester Headquartered retail firm, has ceased...

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WageDayAdvance Goes Into Administration

Curo Transatlantic Limited (CTL), which trades as Wage Day Advance and Juo...

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