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.
-
Jan- 2018 -19 JanuaryHigh Street
Poundland owner Steinhoff plea for £176m life raft
The owner of Poundland, Steinhoff, has begun contacting potential lenders in search of €200m (£176m) in “interim liquidity support” to avoid going into administration. The company was at the centre of an accounting scandal towards the end of last year, and talks include a request for a temporary waiver on…
Read More » -
18 JanuaryEconomy
Retail has least business failures, figures show
The retail industry has the lowest number of business failures among all sectors in the UK, new data has revealed. Figures from UK and offshore company agents, Turnerlittle.com, revealed the top 10 industries with highest business “death rates”, and was put together using the Business Demography release, published by ONS…
Read More » -
15 JanuaryDepartment Stores
BHS.com continues online revival with sales increase
BHS.com, the online-only reincarnation of collapsed department store chain BHS, has seen a 43% increase in sales for the final quarter of 2017. The increase was boosted by strong performances in its home accessories, lighting and women’s sleepwear divisions, which saw sales increase by 43%, 57% and 107% respectively. The…
Read More » -
9 JanuaryEconomy
Retail administrations increase in five-year-first
The number of retailers entering administration increased from 92 in 2016 to 118 in 2017, an increase of 28 percent, according to new analysis from Deloitte. This is the first increase in the last five years, as those administrations with more than ten stores rose from 11 in 2016 to…
Read More »
