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Who’s Gone Bust in Retail? The Centre For Retail Research

Who’s Gone Bust in 2019 by Company Joy, a fashion retailer, announced on 30 December 2019 that it intended to appoint administrators. The group was founded by Joy Maureen Chadha, who purchased 12 of its stores after it first went into administration in 2008. The group collapsed again in 2017, and was bought out of administration by Mrs Chadha.…

News of Companies That Have Gone Bust in the UK - Company ...

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.…