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Companies going bankrupt/into administration
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Mr. Fox



Joined: 24 Nov 2005
Posts: 654
Location: In the Dark - looking for my socks

PostPosted: Wed Feb 28, 2018 11:59 am    Post subject: Reply with quote

fuzzy wrote:
Maplin deadline still today.


And... gone: http://www.bbc.com/news/business-43223175 Sad
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raspberry-blower



Joined: 14 Mar 2009
Posts: 1604

PostPosted: Wed Feb 28, 2018 12:08 pm    Post subject: Reply with quote

Toys 'Aren't' Us

BBC: Toys R Us in admin
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raspberry-blower



Joined: 14 Mar 2009
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PostPosted: Wed Feb 28, 2018 12:16 pm    Post subject: Reply with quote

BritDownUnder wrote:
Look up Dick Smith Electronics in Australia as they did the same as Maplins.


Didn't they sponsor one of the Big Bash franchise sides a while back? Melbourne Stars I think
Looks like that is just an online operation nowadays.
Not sure that Maplin would be able to compete as an online retailer given what they currently charge.
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fuzzy



Joined: 29 Nov 2013
Posts: 706
Location: The Marches, UK

PostPosted: Wed Feb 28, 2018 12:54 pm    Post subject: Reply with quote

Mr. Fox wrote:
fuzzy wrote:
Maplin deadline still today.


And... gone: http://www.bbc.com/news/business-43223175 Sad


And the good old beeb manage to blame it on Brexit. Not because nobody needs to visit a high street electronics shop.
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Potemkin Villager



Joined: 14 Mar 2006
Posts: 983
Location: Narnia

PostPosted: Wed Feb 28, 2018 3:34 pm    Post subject: Reply with quote

fuzzy wrote:
Mr. Fox wrote:
fuzzy wrote:
Maplin deadline still today.


And... gone: http://www.bbc.com/news/business-43223175 Sad


And the good old beeb manage to blame it on Brexit. Not because nobody needs to visit a high street electronics shop.


I gave up on them when they stopped stocking many items like screened audio cable in the shop. "Oh you can order it online and pick it up at the shop in a week" I was told. More sense to order online and have it delivered!
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raspberry-blower



Joined: 14 Mar 2009
Posts: 1604

PostPosted: Thu Mar 08, 2018 12:10 pm    Post subject: Reply with quote

Another one bites the dust:

BBC: Countrywide Farmers go into administration

Another so-called company that bears the name Countrywide is also in difficulties.

City AM: Countrywide estate agents share price drops 20% this morning
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RenewableCandy



Joined: 12 Sep 2007
Posts: 12592
Location: York

PostPosted: Sun Mar 18, 2018 12:07 am    Post subject: Reply with quote

General gloom all round and... John Lewis and New Look in the firing-line??
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raspberry-blower



Joined: 14 Mar 2009
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PostPosted: Mon Mar 19, 2018 6:31 pm    Post subject: Reply with quote

Fun and games in the FTSE today with several companies share price dropping like a stone.

BBC: Micro Focus share price plummets

Carpetright and Mothercare shares dive on trading worries
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kenneal - lagger
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Joined: 20 Sep 2006
Posts: 10360
Location: Newbury, Berkshire

PostPosted: Tue Mar 20, 2018 5:43 am    Post subject: Reply with quote

Micro Focus is a big employer in Newbury and its demise would hit the town although less demand for housing would be a good thing; might keep prices stable for a while, but I doubt it. It doesn't seem to be in too much trouble according to that BBC news item.
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kenneal - lagger
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Joined: 20 Sep 2006
Posts: 10360
Location: Newbury, Berkshire

PostPosted: Tue Mar 20, 2018 5:45 am    Post subject: Reply with quote

RenewableCandy wrote:
General gloom all round and... John Lewis and New Look in the firing-line??


John Lewis has already predicted its own demise if its non tax paying competitors are allowed to get away with things for much longer. Hopefully the government will sort things out with a point of sale tax with no get outs.
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fuzzy



Joined: 29 Nov 2013
Posts: 706
Location: The Marches, UK

PostPosted: Tue Mar 20, 2018 9:15 am    Post subject: Reply with quote

kenneal - lagger wrote:
Micro Focus is a big employer in Newbury and its demise would hit the town although less demand for housing would be a good thing; might keep prices stable for a while, but I doubt it. It doesn't seem to be in too much trouble according to that BBC news item.


I can't imagine much hardship in the M4 corridor. There are lots of tech jobs chasing London, Bristol and army work.
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raspberry-blower



Joined: 14 Mar 2009
Posts: 1604

PostPosted: Tue Mar 20, 2018 10:44 am    Post subject: Reply with quote

Another company in difficulty is toilet paper producer Accrol

Quote:
The AIM-traded company said it was committed to resolving cost issues after changes including the opening of a warehouse facility in Skelmersdale and increased labour costs from new plants in Blackburn and Leyland have led to a 50% increase in cost base, excluding input costs.


How does cost-cutting exercises result in an increase in costs?
What are we going to wipe our bums on if this goes under?
Copies of The Sun and the Daily Hate? Twisted Evil
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emordnilap



Joined: 05 Sep 2007
Posts: 14116
Location: Houǝsʇlʎ' ᴉʇ,s ɹǝɐllʎ uoʇ ʍoɹʇɥ ʇɥǝ ǝɟɟoɹʇ' pou,ʇ ǝʌǝu qoʇɥǝɹ˙

PostPosted: Tue Mar 20, 2018 11:00 am    Post subject: Reply with quote

raspberry-blower wrote:
What are we going to wipe our bums on if this goes under?


Maybe try these people?
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raspberry-blower



Joined: 14 Mar 2009
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PostPosted: Tue Mar 20, 2018 11:40 am    Post subject: Reply with quote

emordnilap wrote:
raspberry-blower wrote:
What are we going to wipe our bums on if this goes under?


Maybe try these people?


Definitely preferable than using copies of The Daily Hate Smile
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raspberry-blower



Joined: 14 Mar 2009
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PostPosted: Tue Mar 20, 2018 11:52 am    Post subject: Reply with quote

More on Micro Focus by Wolf Richter.

Wolf Richter wrote:
HPE was HP’s software division that included the misbegotten, ludicrously overpriced $11.7 billion acquisition in 2011 of Autonomy Corporation, an enterprise software company based in the UK. At the time, HP executives were desperate to transition the company to software. And they did so after surgically removing their brains.

HP eventually wrote off $8.8 billion of the value of Autonomy. In November 2015, it split into two companies, HP and HPE. And in late 2017, it HPE sold its software division to Micro Focus.

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