X

Cookies

Continue We want you to get the most out of using this website, which is why we and our partners use cookies. By continuing to use this site, you are agreeing to receive these cookies. You can find out more about how we use cookies here.

Wednesday, 27 August 2014

Subscriptions  |  evouchers  |  Jobs  |  Property  |  Motors  |  Travel  |  Dating  |  Family Notices

120 businesses ‘at risk’ of failing

MORE than 120 retailers in Barrow are considered at risk of failure in the next year, according to new figures.

50001431B003.jpg
TOUGH 29 per cent of retailers in Barrow could be at risk

The statistics have been compiled by insolvency body R3.

Across the north west 3,500 retailers are considered at risk, a total of 30 per cent of all businesses, compared to 29 per cent in Barrow.

Cumbria has a lower expected rate of failure with 24 per cent, or 978, retail businesses.

Jeremy Oddie, regional chairman of R3, said: “The high street is having to re-define itself, and many chains have been shedding stores to create a more workable business model.

“This process could reach a natural conclusion at some point in the year ahead, although we expect a few more major insolvencies in the meantime.”

SHARE THIS ARTICLE

North West Evening Mail What's on search










Powered by
nwemail.co.uk/jobs

Hot Jobs

Loading latest hot jobs...
Powered by Zoopla.co.uk






Featured companies

Searching for featured companies...
Search for:

Vote

Should there be a ban on the use of e-cigarettes indoors?

Yes

No

Show Result


Go green 34

Travel the globe

Go green 33

Going digital

Homes and gardens

Ulverston Carnival


To save our contact details direct to your smartphone simply scan this QR code

North West Evening Mail

Evening Mail Going Out