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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.

CVL aboard for Raleigh International Trust

CVL aboard for Raleigh International Trust

As of 19th May 2022, Raleigh International Trust, ceased operating as it...

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Assets for sale

Can I sell or transfer my company's assets prior to a liquidation

Yes you can sell or transfer assets prior to insolvency but you must make sure...

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Liquidation Sale Sign

What Happens To A Company When It Goes Into Liquidation?

If a company goes into a liquidation process, its assets, i.e. property and...

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Gieves & Hawkes Owner To Go Into Liquidation

Gieves & Hawkes Owner To Go Into Liquidation

The famous Gieves and Hawkes Savile Row tailor is in danger of being lost...

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Rise in liquidations for Scottish firms

Rise in liquidations for Scottish firms

According to recent statistics, the amount of firms entering liquidation in...

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Wyelands Bank faces being wound up

Wyelands Bank Faces Being Liquidated

Wyelands Bank, majority-owned by Liberty Steel tycoon, Mr Sanjeev Gupta, faces...

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All Debenhams stores to close next week before Boohoo moves it to an online only brand

All Debenhams stores to close next week before Boohoo moves it to an online only brand

5 May 2021

An update on the status of Debenhams stores.

All stores will close...

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Ward Recycling has gone into liquidation

Ward Recycling, (not Donald Ward Ltd, which also trades as Ward Recycling),...

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Company Insolvencies in Q4 2020 were lower compared to that of Q4 2019 for England, Wales, Scotland and Northern Ireland

Company Insolvencies in Q4 2020 were lower compared to that of Q4 2019 for England, Wales, Scotland and Northern Ireland

The statistics for Company Insolvencies in UK, Northern Ireland and Scotland for...

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Monthly Insolvency Statistics: November 2020

Monthly Insolvency Statistics: November 2020

The Insolvency Service publish the eight release in its monthly series to...

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Monthly Insolvency Statistics: October 2020

Monthly Insolvency Statistics: October 2020

The Insolvency Service publish the seventh release in its monthly series to...

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New statistics show a decrease in overall company insolvencies for England, Scotland and Northern Ireland

New statistics show a decrease in overall company insolvencies for England, Scotland and Northern Ireland

The insolvency statistics for Q1 2020 (England, Scotland and Northern...

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