Research from the Local Data Company shows that more than 8,700 chain stores closed in British High Streets, shopping centres and retail parks in the first six months of this year. This is an average of nearly 50 outlets a day.
The impact of the pandemic and changing shopping habits continue to hit many towns and city centres.
The number of closures has fallen compared with a year earlier. Fashion retailers showed the biggest decline.
However, nearly 3,500 outlets opened in the same period with Takeaways dominating the store openings charts.
For more information on bankruptcy, liquidation, administration and all the other insolvency procedures, or should you or your company be facing financial difficulties and you need to chat, please telephone Stella Flemmings on 01377 257788 and she will make you an appointment with one of our insolvency professionals at our Driffield, Hull, Grimsby, Scunthorpe or York offices. Our initial meetings are free and without obligation. Meetings can be held virtually or in any of our offices whilst observing the socially distancing guidelines.
Because we are an independent insolvency practice, we keep our overheads low and have put systems in place to deal with simple liquidations at an affordable price of from £1,995 + VAT + Disbursements. Our MVLs are from £995 + VAT + Disbursements.