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Almost 15,000 jobs axed by retailers so far in 2023, figures show

UK retailers have slashed almost 15,000 jobs since the start of 2023 after a raft of collapses and restructurings on the high street, according to new figures. Experts have warned that “the brutal start of the year” could continue as cost pressures ...

20 Feb 2023 at 00:01

City

Paperchase collapse and raft of company insolvencies boost Begbies Traynor

Restructuring specialist Begbies Traynor Group says its finances have been boosted by the collapse of Paperchase earlier this year. Begbies Traynor was appointed as administrator after the struggling stationery chain failed to secure any buyers. ...

27 Feb 2023 at 10:50

City

UK firms issue more profit warnings amid ‘recession-like’ climate

The number of profit warnings issued by UK-listed companies has grown this year as businesses battle against “recession-like” conditions, new figures show. Firms listed on UK stock markets issued 75 alerts over profits between January and March ...

24 Apr 2023 at 11:55

City

Jumps in administrations and liquidations boost trading at Begbies Traynor

Business restructuring and advisory firm Begbies Traynor is set to reveal sales and profits ahead of targets after being boosted by a jump in corporate collapses. The Manchester-based firm said it has seen insolvency numbers continue to rise ...

22 May 2023 at 09:11

City

Paperchase confirms sale talks after reports administrators lined up

Paperchase has said it is in talks with potential buyers amid reports that the high street retailer is lining up administrators. The stationery chain confirmed it has hired advisers from Begbies Traynor Group (BTG) and PwC to assess options ...

17 Jan 2023 at 16:02

City

Paperchase falls into administration with 106 shops at risk

Paperchase’s 106 branches face potential closure after Tesco agreed to buy the high street stationery chain’s brand but not its shops or workforce. The retailer hired administrators on Tuesday morning after the struggling business was ...

31 Jan 2023 at 17:33

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