administration

Bankruptcy Announced On Twitter

I always wondered how long it would be until a double glazing company used Twitter to announce that they have had to close their doors. Well on the evening of the 11th February, J & P Windows, who trade in the south of England, announced on the social media site that they had to cease [...]

By |2013-06-06T09:34:06+00:00February 13th, 2013|Categories: administration, bankruptcies|

HMV Goes Into Administration

It's finally happened. Mid-evening on Monday 14th January the UK's last remaining record store HMV announced that it's shares would stop trading on the stock exchange and that it would appoint administrators Deloitte to take the reins as it seeks to find a potential buyer for the business. It was only last week that I [...]

By |2016-10-24T20:24:22+00:00January 14th, 2013|Categories: administration, business, HMV|

Jessops Closes Its Doors For Good

Well, that was a very quick and swift end to the administration of Jessops. It has been confirmed tonight (Friday 11th January) that Jessops is to close it's doors for good with the closure of 187 stores and the loss of 1370 jobs in total. It was surprising to see such a swift end to [...]

By |2013-06-06T10:49:09+00:00January 14th, 2013|Categories: administration, business|

Jessops The Next High Street Casualty

Yesterday it was confirmed that Jessops, the photography company that has been on our high streets and retail parks for 80 years, is to go into administration. Administrators PricewaterhouseCoopers (PwC) have said that all 2000 of it's employees are at risk of losing their jobs, and that many of their 192 stores may have to [...]

By |2013-06-06T10:51:33+00:00January 10th, 2013|Categories: administration, business|

Last Day For Comet

Today is a sad day for many thousands of people and for the high streets and retail parks of this country. The on going process of trying to sell electrical retailer Comet failed finally today, securing it's place on the every growing list of high street companies that have fallen victim to the tough economic [...]

By |2013-06-06T11:42:33+00:00December 18th, 2012|Categories: administration, bankruptcies, business, businesses for sale|

Rankins Goes Into Administration

One of the UK's oldest glazing companies has fallen victim to the sharp decline in the UK construction sector. Rankins, based in East London and in business since way back in 1880, have called in administrators Leonard Curtis Business Solutions Group. A statement on the www.creditman.biz website had this to say on November 7th: Alex Cadwallader and Andrew [...]

By |2016-10-24T20:24:24+00:00November 8th, 2012|Categories: administration, businesses for sale|

Comet To Disappear From The High Street

Today we had the news that one of the biggest companies on our high streets and retail parks is about to disappear for good altogether. Comet confirmed that they will be formally appointing administrators next week. Deloitte, the company that will be appointed as administrators, are hoping that the business can be sold as a [...]

By |2016-10-24T20:24:25+00:00November 2nd, 2012|Categories: administration, businesses for sale, economy, Recession|

BBC Report: Uniglaze To Close Factory

The ongoing story of the administration of Uniglaze 2 in Norfolk has taken a sad turn today. The BBC website is reporting that Uniglaze is to close it's factory in Costessey with the loss of 137. This is on top of the 88 that were lost when the company was placed in administration by KPMG. [...]

By |2012-10-19T15:47:05+00:00October 19th, 2012|Categories: administration, businesses for sale, Recession|

Uniglaze Go Into Administration

The tough times keep on coming for the double glazing industry. This time Norfolk is the recipient of the bad news. Uniglaze, based in Norwich in East Anglia has been forced to call in the administrators after struggling to keep the business going after a big restructuring in 2011. Uniglaze has a turnover of over [...]

By |2016-10-24T20:24:26+00:00October 15th, 2012|Categories: administration, businesses for sale|

Kidderminster 5 Star Windows And Conservatories Goes Into Administration

Insolvency practitioners SFP have completed the sale of Conservatory Outlet dealers 5 Star Windows and Conservatories based in Kidderminster. The company was placed into administration in July after suffering from cash flow problems which SFP blamed on the worsening economic conditions and the suffering construction sector. SFP also mention that they have out three other [...]

By |2013-06-10T11:08:20+00:00August 1st, 2012|Categories: administration, Double glazing companies, Recession|

Clinton Cards Goes Into Administration

The parade of high street chains going bust continued today, with card retailer Clinton Cards officially placed in administration. This is putting 8000 jobs at risk. This is obviously very bad news and something which no one wants to see, but to be honest, I'm not surprised in the slightest. The competition in the greetings [...]

By |2016-10-24T20:24:33+00:00May 9th, 2012|Categories: administration|

Launa Windows Goes Into Administration

Yesterday we had the news that Britain was back in recession, and today we had a reminder that trading conditions in our industry remain very tough indeed. Launa Windows, based in Devon, was placed in administration today, leaving 60 out of it's 70 staff redundant with immediate effect. The company was established in 1974 and [...]

By |2016-10-24T20:24:33+00:00April 26th, 2012|Categories: administration|