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The phrase "company failed" is correct and usable in written English.
It can be used to describe a situation where a business has not succeeded or has gone bankrupt.
Example: "After several years of poor management and financial losses, the company failed to recover and ultimately shut down."
Alternatives: "business collapsed" or "firm went under."
Exact(60)
The plumbing company failed.
The company failed to respond.
The company failed during the dot-com bust.
The company failed to meet deadlines for restoring power.
Think Global, a Norwegian electric-car company, failed in 2011.
The company failed to deliver on that promise.
But the F.D.A. rejected the application, and the company failed.
When the company failed to do so, he sued.
But the company failed to persuade private investors.
NVIDIA involved a claim that a semiconductor company failed to timely disclose certain product defects.
"Last year, the company failed to hit the hurdle," says Ms Fosnes.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com