Tag: buyer

TJ Hughes on verge of administration

TJ Hughes on verge of administration

Department store chain TJ Hughes has today revealed it is set to enter administration. The Liverpool-based store has more than 50 outlets across the UK and has a headcount of 4,000 – which are all at risk. The company said it will be appointing an administrator over the next week or so, unless a buyer [...]

June 28, 2011 | 0 Comments More
Jane Norman enters administration

Jane Norman enters administration

Fashion chain Jane Norman has gone into administration after failing to find a buyer. The retailer was forced to close its 90 UK stores this weekend and the news comes just a few days after it emerged that furniture chain Habitat is to be put into administration. Jane Norman is understood to have appointed American [...]

June 27, 2011 | 0 Comments More
Habitat stores enter administration

Habitat stores enter administration

Furniture chain Habitat is to be put into administration but three of its stores are to be bought by Home Retail Group (owner of Argos and Homebase). Home Retail Group is acquiring the rights to the Habitat brand in the UK and the Republic of Ireland. Administrators have been appointed for 30 of the outlets, [...]

June 24, 2011 | 0 Comments More
Rics: Housing market remains sluggish

Rics: Housing market remains sluggish

The Royal Institution of Chartered Surveyors (Rics) has today revealed uncertainty surrounding the economy means buyers and sellers remain cautious. As a result, the housing market has got off to a slow start in 2011 as buyer demand remains weak and supply levels remain low. However, the Institution said new buyer enquiries picked up in [...]

February 8, 2011 | 0 Comments More
Halifax reports 1.3% fall in house prices in December

Halifax reports 1.3% fall in house prices in December

The Halifax has today revealed UK house prices fell by 1.3% last month compared with November. The latest house price fall takes the average cost of a UK home to £162,435, the Halifax said. According to the lender, which is part of the Lloyds Banking Group, house prices are now 1.6% lower than a year [...]

January 10, 2011 | 0 Comments More
House prices up just 0.4% on year

House prices up just 0.4% on year

The latest house price index from the Nationwide Building Society has revealed a 0.4% rise for the month of December compared with November. The latest rise means house prices are now just 0.4% higher than this time last year with the average UK home costing £162,763. Commenting on the figures, Nationwide’s chief economist Martin Gahbauer, [...]

December 31, 2010 | 0 Comments More
Barratt hit as buyer demand continues to weaken

Barratt hit as buyer demand continues to weaken

Barratt Developments is the latest housebuilder to report a slowdown in the housing market as buyer demand continues to fall. The group’s chief executive, Mark Clare, said the traditional autumn period has been “weaker than anticipated”. Government spending cuts, and the uncertainty surrounding the economy, have also had a major impact as buyers adopt a [...]

November 17, 2010 | 0 Comments More
Rics anticipating house price falls

Rics anticipating house price falls

A high level of properties on the market continues to outnumber buyer demand, and this will impact negatively on house prices, according to the Royal Institution of Chartered Surveyors (Rics). This echoes many reports, which all suggest house prices are heading for a double dip. House prices slumped by around one fifth between autumn 2007 [...]

October 12, 2010 | 1 Comment More
Halifax reports 3.6% fall in house prices in September

Halifax reports 3.6% fall in house prices in September

The Halifax has today revealed UK house prices fell by a record 3.6% in September compared with August. The latest house price fall takes the average cost of a UK home to £162,096, the Halifax said. According to the lender, the monthly decline was the biggest since records began in 1983. However, it is still [...]

October 7, 2010 | 0 Comments More
Asking prices down for 3rd straight month, say Rightmove

Asking prices down for 3rd straight month, say Rightmove

It appears the housing market is headed for a double dip after property website, Rightmove, reported a further fall in asking prices in September. According to Rightmove, asking prices for residential property in England and Wales fell by 1.1% in the 5 weeks to 11 September - the third consecutively monthly fall. It follows falls [...]

September 20, 2010 | 1 Comment More
Portsmouth FC to enter administration

Portsmouth FC to enter administration

Portsmouth Football Club is to enter administration today as the Premier League side struggles under a mountain of debt totalling £60 million - including more than £12 million owed in tax to HM Revenue and Customs. The club has failed to attract a buyer and the process of administration means it will immediately be docked [...]

February 26, 2010 | 0 Comments More
Ethel Austin fails to attract buyer, 1,000 lose their jobs

Ethel Austin fails to attract buyer, 1,000 lose their jobs

Fashion retailer Ethel Austin has been forced to close its doors after failing to attract a buyer. Earlier this month, the Liverpool-based discount clothing retailer, together with its sister company Au Naturale, entered administration for the second time in two years. The group was bought out of administration in 2008 by Elaine McPherson - former [...]

February 25, 2010 | 0 Comments More
Ethel Austin enters administration for second time in two years

Ethel Austin enters administration for second time in two years

Discount clothing retailer Ethel Austin has entered administration for the second time in two years. The Liverpool-based retailer, which has 300 stores, will trade as normal while administrators MCR seek a new buyer. However, MCR could not rule out closures or job losses since there were “no guarantees” that a buyer could be sought in [...]

February 8, 2010 | 0 Comments More
Crystal Palace FC in administration

Crystal Palace FC in administration

Championship side Crystal Palace has gone into administration as a result of financial difficulties. In November, cash flow problems were highlighted after players were paid late on several occasions. The news comes just a month after Watford Football Club saw its shares suspended after its parent company, Watford Leisure, was on the verge of administration. [...]

January 27, 2010 | 0 Comments More
Scottish textiles mill enters administration

Scottish textiles mill enters administration

Borders-based JJ&HB Cashmere Mills, which employs 176 people, has been put into administration. The Italian-owned firm, based in Innerleithen in the Borders, is one of Scotland’s oldest cashmere manufacturers and also has operations in Coatbridge and Galashiels. However, there are hopes that a buyer can be found after joint administrator, James Stephen of BDO LLP, [...]

January 8, 2010 | 0 Comments More
Borders UK placed into administration

Borders UK placed into administration

Bookshop chain Borders UK has been placed into administration, according to Reuters. The move is not unexpected after it was reported earlier this week that the 45-store book retailer does not have sufficient cash to see it through to Christmas as it has suffered amid increased competition from supermarkets and online retailers, such as Amazon. [...]

November 26, 2009 | 0 Comments More
Government supports first-time buyers with £100m

Government supports first-time buyers with £100m

In its most recent attempt to revive the UK housing market, the Government has pledged an extra £100 million to help first-time buyers. Housing Minister, Margaret Beckett, is increasing the budget of the HomeBuy Direct scheme (which was set up in September) from £300 million to £400 million. To date, over 130 developers have signed [...]

December 16, 2008 | 0 Comments More
Bargain hunters look at property market

Bargain hunters look at property market

Prospective purchasers returned to the housing market in November, with the latest survey from the Royal Institution of Chartered Surveyors (Rics) reporting that 14% more surveyors recorded a rise in buyer inquiries, than a fall. The Rics attributes the shift to a surge in bargain hunters as prices continue to fall and repossessions rise; the [...]

December 9, 2008 | 0 Comments More
Property fledglings want to save £19,100 deposit

Property fledglings want to save £19,100 deposit

The Co-operative Bank and Places for People, the property management and development group, have been researching potential first-time buyers and have discovered that on average, those hoping to get a foot on the property ladder think they need to save £19,100 before they can buy their first home. The research involved 1,500 potential first-time buyers, [...]

September 24, 2008 | 0 Comments More