Administration
This coverage explores retail administrations and insolvencies within the UK market, examining the circumstances, decisions, and consequences for businesses, employees, and creditors. Reporting highlights notable cases, restructuring efforts, store closures, and leadership actions aimed at recovery or winding down. Designed for executives and managers, it offers insights into risk, resilience, and lessons from commercial failures.
-
Jul- 2018 -4 JulyAnalysis
A look-back at the first half of 2018 in retail
Over the past six months, we’ve seen high street stalwarts such as M&S, New Look, and most recently House of Fraser announce significant structural changes. A number of big-name retailers have fallen into administration, succumbing to the pressure of changing consumer spending and shopping habits. These retail struggles come against…
Read More » -
3 JulyHigh Street
Deloitte hits back at Poundworld founder over rescue bid row
Deloitte has hit back at accusations made by Poundworld founder Chris Edwards over the handling of the company’s administration. A statement circulated by Edwards yesterday said “the whole administration process has been handled badly” and he added if something doesn’t happen in the next few days, “the business will go…
Read More » -
3 JulyGovernment
FRC launches investigation into KPMG’s last Conviviality audit
The Financial Reporting Council (FRC) has launched an investigation into the most recent audit by KPMG of the financial statements of Conviviality. The FRC is investigating the audit of the now defunct off-licence retailer that covered the 52 weeks ending 30 April 2017. The investigation will be conducted under the…
Read More » -
2 JulyHigh Street
Retail job losses make up almost half of 50,000 lost this year
Almost half of the 50,000 jobs lost in the UK this year have been in the retail sector, new figures suggest. Data from the Press Association shows that around 50,000 have seen their jobs cut or have had their positions threatened during the first half of the year, while additional…
Read More » -
Jun- 2018 -27 JuneEconomy
One in four companies hit by ‘domino effect’ of another’s insolvency
Some 26% of UK companies have suffered a hit to their finances following the insolvency of a customer, supplier or debtor in the last six months, according to new research from R3, the insolvency and restructuring trade body. The research found the financial impact of the insolvency of another business…
Read More » -
27 JuneHigh Street
Costa Coffee sales dip 2% in Q1
Coffee chain Costa has reported a fall in like-for-like sales at the start of the year, blaming a lack of shoppers on the high street. Although total UK sales grew by 5.2% due to new store openings, according to Costa owner Whitbread, the UK’s biggest coffee chain revealed a 2%…
Read More » -
26 JuneHigh Street
Carpetright woes as CVA activity results in £70.5m loss
Carpetright has reported a £70.5m loss before tax as a result of the cost and accounting impacts of the group’s restructuring activity. Total group revenue decreased by 3.0% to £443.8m and like-for-like sales for the full year declined by 3.6%, with the first eight weeks of the new financial year…
Read More » -
22 JuneDepartment Stores
House of Fraser focuses on ‘brand renewal’ ahead of CVA decision
House of Fraser is to renew its product and trade strategy as part of a transformation journey as its shareholders prepare to vote on its company voluntary agreement (CVA). The plan will focus on “ensuring House of Fraser becomes a destination for customers to shop their favourite brands while providing…
Read More » -
19 JuneComment
‘What’s In Store For You’ – Can PPC drive store sales?
Pay-per-click (PPC) advertising has traditionally been seen as a tool to drive online sales. However, with developments in technology – and the way in which we can track the customer journey – PPC is also becoming an important tool for driving in-store sales. With growing numbers of high street stores…
Read More » -
18 JuneClothing & Shoes
Calvetron Brands to shut 102 Jacques Vert and Precis concessions
Benjamin Wiles, Trevor Birch and Philip Duffy of Duff & Phelps, joint administrators to Calvetron Brands, have announced they are serving notice on 102 Jacques Vert and Precis concessions in the UK and Republic of Ireland. These closures and those announced previously, including Dash and Eastex closures made on 4…
Read More »
