High street fashion favourite Next is the first major retailer to report on its trading during the vital festive season. BBC Radio 4’s flagship consumer programme You & Yours examines what the disappointing outcome means for the rest of the UK retail sector. Our Business Risk Adviser, Nick Hood was interviewed by Winifred Robinson. He expressed his concern that if such a
Asian Image comments on research carried out by Opus Restructuring which shows that 44% of the UK’s fashion retailers are at serious risk of either insolvency or a major financial restructuring. This worrying outcome is a sharp deterioration since the same time last year, when only 37% of rag trade companies were deemed to be at risk. The research was
The Sunday Express reports that research by Opus Restructuring shows that 43.6% (3,991) of the UK’s fashion retailers are at risk of failure, a sharp deterioration since this time last year, when only 37.1% were financially vulnerable. The research is based on data supplied by the corporate financial health monitoring specialists, Company Watch. Opus also found that the larger fashion outlets
The Financial Times reports that Four Seasons Health Care, the lossmaking care home operator, has closed or sold 51 homes for the elderly over the past eighteen months as it cuts costs ahead of a financial restructuring now planned for next year. Britain’s biggest care home operator, which runs 370 homes, plans to dispose of a similar number in 2017.
The Times reporter, Simon Neville looks at the ongoing communications void on store closure plans at retail giant Marks & Spencer announced some weeks ago, which is currently leaving staff uncertain about their future during the vital festive trading season. Our Business Risk Adviser, Nick Hood said: “It’s a heck of a way of demotivating tens of thousands of staff.”
Leading adult care sector media company, Care Management Matters reports on the research study published by Opus, which examines the parlous financial state of the UK residential care sector. The research is based on the database and methodology of the financial health monitoring specialists, Company Watch. Opus warns that 28% of care home operators are so financial fragile that they are at
