close downWith sales down, the company closed one factory down and reduced the workforce at another.
closeMany of the shops in the High Street have closed recently.
shut downThe bookshop is shutting down after 25 years of business.
shutUKSeveral of the bank's local branches are shutting.
shut up shopUKThe seaside businesses all shut up shop during the winter.
go/put out of businessMy favourite ice cream shop went out of business last summer.
failAll his previous start-ups have failed.
foldMost small businesses fold within a year.
go underinformalIf the work stoppage continues, the company might just go under.
go bustAll the businesses on the street went bust during the recession.
collapseThe bank collapsed without warning, with devastating consequences for the economy.
liquidateThe only way forward is for the company to be liquidated.
go into liquidationThe company has gone into liquidation.
wind upThe court will require them to wind up the company and pay off their creditors.