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.