Yet another high street giant has collapses into administration – Poundworld!
This brings the tally of retail failures to an all time high! Even the banks are abandoning town centres!
Mothercare, Toys r Us & Maplin etc are the shops that hit the headlines, but we see the knock on effect on the smaller independent retailers which struggle because of the reduced footfall on the high street.
We urge any businesses which find themselves in this position to seek advice as soon as possible.
For more information on bankruptcy, liquidation, administration and all the other insolvency procedures, or to take advantage of our free consultation, please telephone Stella Flemmings on 01377 257788, 01724 230060 or 01904 520116 and she will make you an appointment with one of our insolvency professionals at our Driffield, Scunthorpe or York offices.