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Companies going bankrupt/into administration
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fuzzy



Joined: 29 Nov 2013
Posts: 1339
Location: The Marches, UK

PostPosted: Sat Oct 19, 2019 9:17 am    Post subject: Reply with quote

https://www.telegraph.co.uk/business/2019/10/18/bonmarche-falls-administration-latest-high-street-failure/

BonMarche, who were very widespread with no distinctive brand. I know women who liked it, and they are not 50+ as the article claims. Just more container cargo from abroad, with greedy owners trying to extract the most.
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raspberry-blower



Joined: 14 Mar 2009
Posts: 1866

PostPosted: Fri Oct 25, 2019 10:39 am    Post subject: Reply with quote

QuickQuid are Quick Skint
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adam2
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Joined: 02 Jul 2007
Posts: 8000
Location: North Somerset

PostPosted: Thu Mar 12, 2020 1:54 pm    Post subject: Reply with quote

Looks as though a major shopping center operator are about to bust.
And remember that most of their troubles pre-date the coronavirus epidemic.
The recent plague induced downturn is probably not reflected in the figures, which will only get worse.

https://www.bbc.co.uk/news/business-51851791
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raspberry-blower



Joined: 14 Mar 2009
Posts: 1866

PostPosted: Thu Mar 12, 2020 5:56 pm    Post subject: Reply with quote

Judging by the share price slump Finbalr is a goner - again it had been experiencing cash flow problems that predate Covid 19
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adam2
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PostPosted: Tue Mar 17, 2020 1:46 pm    Post subject: Reply with quote

Looks as though Laura Ashley are almost gone.
https://www.bbc.co.uk/news/business-51927691
Sad for the employees but not exactly a vital business.
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adam2
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PostPosted: Mon Mar 30, 2020 3:13 pm    Post subject: Reply with quote

BrightHouse now bust.
https://www.bbc.co.uk/news/business-52090976

I always felt that they were rather dodgy, not QUITE as bad as payday loans, but perhaps rather similar.
So no great loss.
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adam2
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PostPosted: Mon Mar 30, 2020 3:16 pm    Post subject: Reply with quote

Carluccios also bust.
I suspect that many more similar firms will fail. Even when they are allowed to re-open, some customers will lack the money to eat out, and others may be nervous regarding lingering infection risks.

https://www.bbc.co.uk/news/business-52093585
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adam2
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PostPosted: Fri Apr 03, 2020 5:12 pm    Post subject: Reply with quote

Debenhams "about to appoint administrators"
https://www.bbc.co.uk/news/business-52156457
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BritDownUnder



Joined: 21 Sep 2011
Posts: 751
Location: Hunter Valley, NSW, Australia

PostPosted: Mon Apr 20, 2020 9:46 am    Post subject: Reply with quote

It is being reported in Australia that the airline Virgin Australia is declaring voluntary administration as a result of it not being able to run flights anymore. I don't suppose it will be of too much interest to people in the UK. I had only one flight on this airline and I think it managed to turn a three hour trip to New Zealand into a fifteen hour ordeal.

I believe that the bearded Neckar Island dwelling individual (who professes that he is living there just for the weather not to save income tax in any way) has no association with this airline anymore.
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boisdevie



Joined: 26 Dec 2012
Posts: 457
Location: N Lancashire

PostPosted: Fri May 22, 2020 11:01 am    Post subject: Reply with quote

Casual Dining Group, which owns the Bella Italia and Café Rouge restaurant chains, warned it was headed into administration – casting doubt over the future of its 250 restaurants.
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kenneal - lagger
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Joined: 20 Sep 2006
Posts: 12147
Location: Newbury, Berkshire

PostPosted: Fri May 22, 2020 4:15 pm    Post subject: Reply with quote

There were too many restaurants before covid so having a clear out now will mean that there will be more restaurants making a decent profit when things pick up in a few years. Means less demand for migrant labour as well.
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raspberry-blower



Joined: 14 Mar 2009
Posts: 1866

PostPosted: Sun May 24, 2020 11:29 am    Post subject: Reply with quote

Indy: Hertz filing for bankruptcy
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BritDownUnder



Joined: 21 Sep 2011
Posts: 751
Location: Hunter Valley, NSW, Australia

PostPosted: Sun May 24, 2020 12:38 pm    Post subject: Reply with quote

raspberry-blower wrote:
Indy: Hertz filing for bankruptcy


As a Hertz Gold Card* holder I can tell you that I am beyond inconsolable about this. How will I ever rent a vehicle again? Oh woe is me.

* I am not sure what benefits, if any, this card gave me.
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Mark



Joined: 13 Dec 2007
Posts: 1305
Location: NW England

PostPosted: Sun May 24, 2020 3:24 pm    Post subject: Reply with quote

Specialist Leisure Group collapses into administration:
https://www.bbc.co.uk/news/uk-england-manchester-52776657

Shearings probably won't mean much to folks south of Watford Gap...
Basically, coach holidays for the over 50s - cheap and popular, but I suspect not highly profitable...
Might have come back into it's own with the restrictions on flights ?
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kenneal - lagger
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PostPosted: Sun May 24, 2020 10:29 pm    Post subject: Reply with quote

There were always a few Shearings coaches to be seen on the A34 and M4 south of Watford Gap.
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