Tag: administration



Aquascutum Administration leads to Closure of Corby Commercial Property

Posted on 22 April, 2012 by Neil Bird under Business News, Economy, Industry News

Despite this week’s encouraging fall in unemployment levels, it is clear the UK still has a long way to go towards economic recovery.... Read More

No you are not Going Back in Time – Kwik Save is Back on the High Street

Posted on 12 April, 2012 by MOVEHUT under Business News, Industry News

After going into administration five years ago, Kwiksave is back on the high street as its first pilot commercial property opens in Little Lever, in Bolton. But if the business failed five years ago, why would is succeed now?... Read More

Commercial Property Administrations Up by 64 Per Cent in 2012

Posted on 11 April, 2012 by MOVEHUT under Business News, Economy, Industry News

The number of commercial properties that have gone into administration has increased by 64 per cent in the first three months of this year, when compared to 2011.... Read More

Commercial Property Chain Costcutter Saves 425 Jobs

Posted on 4 April, 2012 by MOVEHUT under Business News, Economy, Industry News

Costcutter, the local retailer which has over 1500 commercial properties in its portfolio, has saved 425 jobs by buying Rhythm & Booze, an off licence chain, out of administration.... Read More

It is not GAME Over for the Commercial Property Chain

Posted on 3 April, 2012 by MOVEHUT under Business News, Economy, Industry News

GAME Group PLC have been given a lifeline after the commercial property chain was bought out of administration from PricewaterhouseCoopers (PwC) by OpCapita, an investment firm which specialises in turning around struggling companies in the retail sector.... Read More

Empty Commercial Property Rates Hits an all-time High

Posted on 1 April, 2012 by MOVEHUT under Business News, Economy, Industry News

According to figures collected by the Local Data Company (LDC), the number of commercial property shops lying empty in Britain has hit an all-time high of 14.6 per cent.... Read More

Commercial Property Quarterly Rent Payments Due Tomorrow – This is no April Fools

Posted on 31 March, 2012 by MOVEHUT under Business News, Economy, Industry News

It is that time of year again; the one that many commercial property tenants will dread – when three months rent is paid in advance. Some may think this is a joke, as the quarterly rent payment falls on April Fools Day, but unfortunately this is no gag.... Read More

Fears over Commercial Property Closures as GAME Appoints Administrators

Posted on 27 March, 2012 by MOVEHUT under Business News, Economy, Industry News

Struggling Game Group, the owners of GAME and Gamestation, have appointed PricewaterhouseCoopers (PwC) as administrators to act on the group’s behalf.... Read More

Is it GAME Over after Two Decades on the High Street?

Posted on 20 March, 2012 by MOVEHUT under Business News, Economy, Industry News

The GAME Group PLC, who operate both GAME and Gamestation, owns around 1300 commercial properties, could enter administration if a buyer is not found.... Read More

Commercial Property Hotel Chain Travelodge Dragged out of the Hedge

Posted on 25 February, 2012 by MOVEHUT under Business News, Economy, Industry News

Commercial property hotel chain Travelodge, known for its £10-a-night rooms, is to be taken over by two US hedge funds... Read More