Companies going into administration
 

Hi all,

I wondered if anyone knew of a regularly maintained list of companies in administration or in trouble?

I've just been doing a few searches and companies house doesn't seem to have anything but there is a vague list on business-sale.com. It doesn't identify companies by name though.

I read that Debenhams and Clinton Cards were struggling? Also that PC World and Dixons were in masses of debt?

Re: Companies going into administration
 

I'd be *very* surprised if any such public list existed.

If your company is struggling to survive an appearance on such a list could be the final straw that breaks you. Imagine if your suppliers saw you on the list - how long do you suppose they would continue to offer credit?

Re: Companies going into administration
 

Missus got a coat from Debenhams and I was in Clinton Cards yesterday. The latter was fairly empty (it's their lean period, of course). Debenhams were having big sales before Christmas and are a bit vulnerable, not being in any other business than poshish department store shopping.

[this was all in Westfield London, the new huge mall in Shepherd's Bush. Heaving with people as usual.]

PC World, Dixons, Currys, Comet are all more-or-less vulnerable since their business can mostly be done online or in Tescos nowadays. Having said which, they've got some good bargains, I'm seriously tempted with a £215 Acer Aspire One you can get in Comet.

Re: Companies going into administration
 

I would be keeping a close eye on the holiday industry over the next few months. With the current state of the pound I can't see too many people indulging in a foreign holiday next summer.

Re: Companies going into administration
 

no company is going to say if its in trouble unless it has to because as soon as it does its credit line tends to get cut making everything much worse

saying that i wouldnt be surprised if DSG amalgamate a load of their currys and pcworld stores under their online dixons or just plain DSG name soon

as for comet their ( i belive german ) parent company has been open to offers on it for ages as if i remember rightly they wanted to concerntrate on thier other businesses

and any of the clothes stores that most would consider expensive may well see truobled times to as people go for cheaper clothes

lol as a dramatic one i predict we may well see the end of ASDA ;) but only because i think thet will start to trade under their American name as i am beginning to see it plastered every where in store now and quite prominently

the ones to really look out for in this sector will most likely be the middle gound companies i think the top ones and the likes of lidle and aldi will do ok and in case of the latter to really well

lol end of my predictions for next year ( bet some one will pick holes in them next newyears eve ;) )

next i confidently predict this bottle of red wont make it into the new year :angel:

happy new year for now in case my typing has been affected too much by this bottle later :beer:

Re: Companies going into administration
 

Lean period, it's only 6 weeks until Valentines day!

Re: Companies going into administration
 

debenhams are at risk

Re: Companies going into administration
 

It would be great to see the end of chav magnets like Home Bargains. :rolleyes:

Re: Companies going into administration
 

Nooo, my mum would have nowhere to go if 'Home Bargain' (as she insists on calling it) went under. She's singlehandedly responsible for at least one of their branches making any money. Every time she visits she brings an armful of odd breakfast cereals and assorted tat with her. Whatever they have had on offer, basically ... :erm: :D

Re: Companies going into administration
 

The only reason these companies are considered to be heading for trouble is their current high debt to assets ratio
Debenhams is actually quite strong, as it owns most of the properties from which it operates, it owns very little of the stock, most of the sales are from concession operators
Therefore they receive at least some income from the concession operator based on their sales volume
The downside is that the concessions can withdraw at any time

Re: Companies going into administration
 

I have just learnt that Fotopic from Wakefield have gone bust as of 9am this morning.

Re: Companies going into administration
 

My mate from Redcar calls it "Herman Bargains".... there's no better place to get your deodorant and car air fresheners. Also, the one around here usually has the Carte Noir filter coffee for 99p Never been a fan of the 50 watch batteries for a quid though, they never fit anything and never work anyway.

Re: Companies going into administration
 

Good old internet rumours!
FotoPic actually went bust a few years ago and is now owned by Snappy Designs Limited

They currently have an issue with their server connection at Kingston Communictions
Their websites are expected to be up and running again within 12 to 48 hours

Re: Companies going into administration
 

LOL you have made my day!! :D

Re: Companies going into administration
 

Yeah so I have just been told, the person who first told me got their information wrong by the looks of it.

Re: Companies going into administration
 

I bought one of those 50 batteries for £1 pack, and was able to sell 5 working watches on ebay..

Re: Companies going into administration
 

Never heard of them.

Re: Companies going into administration
 

any high street retailer who typically sells non essential goods is at risk for sure.
anyone who is a mass importer as well.
people who export might even be better off recently since sterling has collapsed.

Re: Companies going into administration
 

It's not looking great over the pond either:

http://www.reuters.com/article/ousiv...50C7RV20090114

Re: Companies going into administration
 

The Chavs' favourite could in trouble too...

http://beta.news.sky.com/skynews/Hom...ke_In_The_Firm

Re: Companies going into administration
 

sometimes I think these stores only have themselves to blame for going bust. The other week I was after getting some gloves to help me with the cold weather. I went into House of Fraser, Next and a few other shops all with money on me ready to spend and none of them even sold gloves.

This has happened to me a few times where I have money to spend and what seems like a normal item can be really hard to find.

I'm still not convinced about all these so called money problems, i'm earning the same money as last year, i'm not really noticing any goods being that much more expensive, if at all, than last year and i've already got two holidays booked despite the Euro and Dollar rate dropping. I don't know anyone who is struggling either nor when I have asked to find friend of friends no one else knows anyone who has any money problems either.

Re: Companies going into administration
 

it's service that makes the difference - if a shop/restaurant gives poor service then you dont go back and eventually they might go out of business.

Re: Companies going into administration
 

Nortel have filed for Chapter 11 - great, as all our network equipment (lots and lots of it) is Nortel.

Re: Companies going into administration
 

hmm didnt see that one coming

Re: Companies going into administration
 

I have noticed that a lot of shops are displaying a lot less stock as they cannot afford to have cash tied up in unsold stock.

Shops seem to have fewer assistants and prices are being dropped dramatically to increase cashflow.

Shoppers are tending to spend less and when they do it tends to be in small amounts.

Workers are cutting down their expenditure just in case they are made redundant.

Similarly, a lot of people are ploughing any spare cash they have into paying off their mortgages while they can.

People with large debts on credit cards are doing what they can to pay them off to avoid the worse of the recession.

The government needs to keep people in employment.

As a country we need to be more self-reliant and independent, doing more to develop the infrastructure particularly in manufacturing, agriculture and fisheries.

We need to produce our own food & fuel & develop our own facilities e.g. in recycling rather than rely on foreign countries.

It will be interesting to see how things develop and if the politicians and entrepreneurs are up to the task.

Re: Companies going into administration
 

See my post above ;)

Re: Companies going into administration
 

Doh!:(

Didn't click the link.

<my bad>

I will retire to a darkened room with my service revolver, and do the honourable thing.

Re: Companies going into administration
 

lol - Now don't do that! However if you have any influence within the upper echelons of political society could you work on getting Gordon to instead?.... :D

Re: Companies going into administration
 

I have suggested it frequently, and even offered to supply the equipment.

Since then, however, there have been strange men sitting outside the house in darkened cars, strange noises during telephone calls, and if I mention this to anyone online, my internet suddenly cuts o

Re: Companies going into administration
 

:D we can but dream..........

Re: Companies going into administration
 

Land of Leather and Newcastle Productions have just gone...
The latter by the way make Findus foods...may not see crispy pancakes any more. I used to love them when I was a kid...

Re: Companies going into administration
 

Our High Streets and Out-Of-Town shopping centres turn out to have been like the grand old oak tree that you admire every time you walk past it in the woods - until the day after a big storm, when you find it felled and discover its roots were rotten.

Sadly, it looks like the writing always was on the wall for some of these big name chains. They had no real substance, and all it took was a gust of wind to blow them down.

Re: Companies going into administration
 

Findus going is strange as I would have assumed they still sell loads of frozen food as it is cheap

Re: Companies going into administration
 

The intense high street competition has only served to wipe out more stores than ever as there was never enough business to sustain all of them anyway.

High shop rentals and council tax are killing off small shops which cannot compete.

Wonder how many landlords and councils have considered lowering rent or council tax for businesses as a means of nurturing struggling businesses through these tough times?

Empty shop properties are no good to anybody.

Re: Companies going into administration
 

Findus UK was / is a licensed brand (ie not owned by Newcastle Productions). The rest of Findus in Europe is owned by a different company :)

---------- Post added at 11:04 ---------- Previous post was at 11:02 ----------

Your pancakes may be saved :D

Re: Companies going into administration
 

Please reassure us that you are not involved in producing the "filling".:shocked:

Re: Companies going into administration
 

on a better note ;)

http://www.ft.com/cms/s/0/d5afe9d8-e...077b07658.html

and is every one sure about the pancakes i used to love them :D

Re: Companies going into administration
 

You're alright - I don't work for that part of the company :D.

Mind you, you might want to be careful about the Battered Cod ;)

Re: Companies going into administration
 

the **** really is hitting the fan.

www.empiredirect.co.uk stores shut/in administration

Re: Companies going into administration
 

used this place all the time thought they would be doing very well with all the electrical stuff they sold. My friend bought a washing machine from them and they never even contacted her about delivery

Re: Companies going into administration
 

oh dear

Re: Companies going into administration
 

That's very worrying, especially with the number of referrals sites like Kelkoo give them if you search for domestic appliances. There will be a lot of worried shoppers out there today. :disturbd:

Re: Companies going into administration
 

Depressing news I feel sorry for their work force and any customer caught up in this latest closure. There's another write up here.This certainly cuts down on the competition for Comet and Currys. Maybe it will help them to stay in business?

Re: Companies going into administration
 

They got to expensive. A couple of years ago they were competitive then... and now they have gone. At least they didnt sell extended warrenty you just joined their card thingy that gave you 3 years on expensive stuff. Who will be next? DGS might have to take a hit if high prices and poor service was to be punished

This is all bad new for the rest of us in the future post recession as there will be less competition so the big chains will charge more

Re: Companies going into administration
 

I've just heard about them going bump. The extended warrenty was one of the reasons I bought from them in the first place. I take it warrenties will be a waste of time now then? I bought a Pioneer plasma from them, which are expensive enough to start with, I hope the bugger lasts. :erm:

Re: Companies going into administration
 

It depends who is actually providing the warranty that they're selling. Most companies sell you a warranty that is underwritten by a specialist warranty provider such as Domestic & General. Check your documentation. If the warranty is provided by anyone other than Empire Direct, you should be fine, so long as Empire has actually passed your payment on to the warranty provider. If you're in any doubt, phone the helpline number on the Empire website, or the number on the top of your warranty certificate.

Re: Companies going into administration
 

it's a shame about Empiredirect as I'd been in their bolton store a few times and the staff were always decent, polite and helpful.

Re: Companies going into administration
 

You are correct. Having read information over on avforums, the people over there say the same thing. Having looked at my paperwork, I can only find the manufacturers 1 year warranty. My story, goes a little like this though....

I bought a Pioneer plasma in late 2006, and this came with a 3 year extended warranty, However the plasma developed a fault (something Pioneer would not recognise as such, but many people had the same problem, and was discussed at length over on avforums) I eventually received a brand new screen, after arguing the toss with Empire direct, and using the sale of goods act to obtain a replacement screen. Now it occurs to me that the 3 year extended warranty I was given with my previous set, has not been transferred over to my new set. So I suppose my next question would be, if the same thing happens with this set, and it develops a fault, where do I go from there, as the retailer has now gone under? As I've been told that any resposibility lands firmly with the retailer, and not with the manufacturer.

Re: Companies going into administration
 

My local store never seemed that busy, mind you I don't think the Comet and Currys that are either side of it were ever that busy either. Does anyone know how Euronics are doing?

---------- Post added at 18:08 ---------- Previous post was at 18:05 ----------

I find this link useful to find out the latest news on companies that are suffering:
http://www.business-sale.com/news.html

Re: Companies going into administration
 

sofa workshop now gone

http://uk.news.yahoo.com/5/20090123/...n-45dbed5.html

Re: Companies going into administration
 

I ordered a Toshiba TV from Empire Direct 2 weeks a go and I havent received it. I spoke to my credit card company on Tuesday and they told me that I will get my money back. I have since reorderd the TV from www.digitaldirect.co.uk and they delivered the same TV to me on Friday. Despite being annoyed about the hastle of having to go and order elsewhere I am disappointed that Empire Direct have gone bust because I have been buying from them for about 5 years.

As far as anyone who has purchased an item from Empire Direct with extra warranty if you have paid on a credit card you may find that the credit card company will have to cover it.

Re: Companies going into administration
 

I saw outside my local store a poster saying they'd beat any price in comet or currys or 'any other stores price for that matter'. Must have been hard for them to do that and keep going...
PC World quote 'internet prices' yet I usually find things in their store cheaper on the net. Even in their clearance section where they might knock 20p off something that has opened packaging, lost power lead and instructions!

Re: Companies going into administration
 

More famous names in trouble:
:(

http://news.bbc.co.uk/1/hi/business/7851331.stm

Re: Companies going into administration
 

If the big stores are in trouble maybe small, individual shops with lower overheads might survive better.

Re: Companies going into administration
 

Not exactly administration but Boots have bought out D & A Opticians (who I'm with for both glasses and contact lenses).

Re: Companies going into administration
 

You should have seen that coming then:)

Re: Companies going into administration
 

Hi a related question from a newbie. I have been dealing with a company that has apparently goen into administration. 4 months on, there is nothing on their companies house record - how do I 'prove' that they have gone into administration ? I need proof to settle an outstanding claim. I could do with identifying their insolvency practitioner, but don't know how to go about that either.
All ideas welcome.

Re: Companies going into administration
 

The County Court will tell you, phone your local Court office I'm sure they'll give you all the details, failing that keep your eyes fixed on the local papers Public and Legal section.

Re: Companies going into administration
 

Your best bet is to search the London Gazette archive for notices pertaining to the company concerned

http://www.london-gazette.co.uk/

hth

Re: Companies going into administration
 

have a look at this web site seems to be pretty much up to date.
http://www.retailresearch.org

Re: Companies going into administration
 

The post in question was posted over 3 years ago lol

Re: Companies going into administration
 

lol i just joined lol

Re: Companies going into administration
 

It's always a good idea to check thread post dates before replying to them :) Welcome anyway.

Re: Companies going into administration
 

Still makes interesting reading though - thanks for posting the link :)

Re: Companies going into administration
 

not looking good for premier foods 1bn in debt due to bank loan:shocked:

http://www.bbc.co.uk/news/business-17345450

They say its good for businesses get loans expand personally it strangles them to long term debt high risks only takes recession banks start getting itchy.

Bank given them more time you can only imagine that jobs will go likely firesale to raise the funds.

Wonder how many other companies in debt to there eyeballs.

Re: Companies going into administration
 

caused by greed it seems, debt accrued by buying companies.

Re: Companies going into administration
 

http://en.wikipedia.org/wiki/Premier_Foods

anybody know sth lincolnshire factory near long sutton bridge factory premier foods bought this 1981 this makes alot of stuff in that list.

Just pick up oxo , bisto, birds custard pot noodles, cup a soups it says long sutton.

If this company went down food production many favourites would be big issue.

Which shows how lapse the people running the company was.

Re: Companies going into administration
 

The question is now how many businesses are actually financially sound and secure because as every day goes by we seem to hear of yet another business going belly up.:(