Companies which have gone into administration

[gkd_uk]

When I was looking around on Google, i was unable to find a site which listed companies which have gone bust. After creating this thread there is somewhere for searchers to come to

http://www.google.co.uk/search?hl=en...istration&meta= :)

[TeamPlayer]

Here are some more I found-

Cardfair and Card Warehouse chains
Lehman Brothers Limited - 15 Sept 2008
Lehman Brothers Holdings PLC - 15 Sept 2008
LB UK Re Holdings Limited - 15 Sept 2008
Lehman Brothers International (Europe) - 15 Sept 2008
Storm Funding Limited - 23 Sept 2008
Mable Commercial Funding Limited - 23 Sept 2008
Lehman Brothers Europe Limited - 23 Sept 2008
Lehman Brothers UK Holdings Ltd - 29 Sept 2008
LB UK Financing Ltd - 2 Oct 2008
LB SF No. 1 - 2 Oct 2008
Cherry Tree Mortgages Limited - 13 Oct 2008
Lehman Brothers Lease and Financing (No 1) Limited - 24 October 2008
Zestdew Limited - 29 Oct 2008
Monaco NPL (No 1) Limited - 29 Oct 2008
Lehman Commercial Mortgage Conduit Limited - 30 Oct 2008
B RE Financing NO. 3 Limited - 30 Oct 2008
Lehman Brothers (PTG) Limited - 6 Nov 2008
Eldon Street Holdings Limited - 9 December 2008
LB Holdings Intermediate 2 Limited - 14 Jan 2009

[temi]

Yes GKD,
We see to have become the authority on companies that have gone bust :)

When I was looking around on Google, i was unable to find a site which listed companies which have gone bust. After creating this thread there is somewhere for searchers to come to

http://www.google.co.uk/search?hl=en...istration&meta= :)

[temi]

Cheers TeamPlayers, rep added :)

Here are some more I found-

Cardfair and Card Warehouse chains
Lehman Brothers Limited - 15 Sept 2008
Lehman Brothers Holdings PLC - 15 Sept 2008
LB UK Re Holdings Limited - 15 Sept 2008
Lehman Brothers International (Europe) - 15 Sept 2008
Storm Funding Limited - 23 Sept 2008
Mable Commercial Funding Limited - 23 Sept 2008
Lehman Brothers Europe Limited - 23 Sept 2008
Lehman Brothers UK Holdings Ltd - 29 Sept 2008
LB UK Financing Ltd - 2 Oct 2008
LB SF No. 1 - 2 Oct 2008
Cherry Tree Mortgages Limited - 13 Oct 2008
Lehman Brothers Lease and Financing (No 1) Limited - 24 October 2008
Zestdew Limited - 29 Oct 2008
Monaco NPL (No 1) Limited - 29 Oct 2008
Lehman Commercial Mortgage Conduit Limited - 30 Oct 2008
B RE Financing NO. 3 Limited - 30 Oct 2008
Lehman Brothers (PTG) Limited - 6 Nov 2008
Eldon Street Holdings Limited - 9 December 2008
LB Holdings Intermediate 2 Limited - 14 Jan 2009

[TeamPlayer]

A few more, some of these are in the U.S.

Wrapit (a gift list service)
Excel Airways
Bear Stearns
K&S Travel (also known as Travel Turkey)
Silver jet
Inside Track
Carlyle Capital
First Magnus
Alitalia, the Italian national carrier filed for bankruptcy protection.
Global Crossing
WorldCom
Kaiser Aluminum
Lucent technologies

[TeamPlayer]

Not quite, but it appears almost... :(

Major high street names under threat as Baugur on brink of collapse

The future of some of the high street’s top names was thrown into doubt this morning as Baugur, the Icelandic retailer, looked poised to go into administration.

The company, which owns or controls British retailers such as Iceland, the supermarket chain; Hamleys, the toy shop; House of Fraser, Britain's No 3 department store chain; Goldsmiths, the jeweller; and Whistles, the fashion chain, said that it had applied to the District Court in Reykjavik to enter into “the moratorium process”.

It added: “This action has been taken in order to protect the group’s assets as well as the interests of all creditors.”

The move follows the collapse of talks with Landsbanki, the Icelandic bank, over a potential restructuring of its £1 billion debts.

The news comes days after Baugur, whose companies employ about 50,000 people worldwide, said that it was shutting its Reykjavik office and laying off staff at its glitzy offices on London’s Bond Street.

Baugur has been talking both to Iceland’s government and its bankers for more than two months on a possible restructuring.

Sir Philip Green, the billionaire owner of Arcadia, which owns Bhs, Top Shop, Dorothy Perkins and Burtons, flew to Iceland in October in an attempt to buy some £1 billion worth of Baugur debts owned by Icelandic banks.

Businesstimesonline

[temi]

The owners are currently "seeking protection from their creditors" lets see if they can pull it off.

[TeamPlayer]

Huge rise in companies going bust

The recession is forcing more firms out of business

There has been a huge rise in the number of firms going bust in England and Wales because of the recession.

The Insolvency Service said that in the last three months of 2008 there were 2,428 corporate insolvencies such as administrations and receiverships.

That was a 220% rise on the same period the year before.

In the same period, 29,444 people were made bankrupt or entered an individual voluntary arrangement (IVA), 19% more than a year ago.

Of those, 19,100 were bankruptcies while 10,344 were IVAs.

BBCNews

[temi]

The new gets worst by the day, Savvi announced that 17 more stores are to be closed, this will result in over 200 people losing their jobs :(

[TeamPlayer]

Bauger is now in administration.

Control of part of the sprawling Baugur retail empire has formally passed to insolvency specialists after the company was put into administration at the high court.

Baugur had earlier given up trying to stave off the administration with its own petition, in Iceland, requesting protection from its creditors.

Accountants from PriceWaterhouseCoopers have now been appointed. The administration came after negotiations between Baugur and its main creditor, nationalised Icelandic bank Landsbanki, broke down. Landsbanki and other creditors are understood to be owed £1bn.

Baugur's portfolio includes share stakes in Iceland supermarkets (14%), House of Fraser (35%), the Aurum group of jewellers including Mappin & Webb and Goldsmiths (38%) and Hamleys toy store (64%).

guardian.co.uk