Think things are tough in the TRNC ?

johnboy


Joined: 19/05/2008
Posts: 170

Message Posted:
16/01/2009 22:44

Saw this list of UK firms that have recently gone under:



1. Adams

2. Celebrations Group (Card Warehouse etc)

3. Dolcis

4. Ferraris (Welsh bakers)

5. Fishworks

6. LEC

7. Viyella

8. Max Spielmann and Klick photo-processing

9. MFI

10. Morgan

11. Motorworld (who are they?!)

12. Office world

13. Officers Club

14. Olan Mills Photography

15. Passion for Perfume

16. Premium Bars and Restaurants (PBR)

17. Rosebys

18. Royal Doulton Ltd

19. Servis Uk

20. Sovereign

21. Starbucks

22. Statum Limited

23. Stead + simpson

24. Stuart & Sons Limited

25. The Pier

26. USC

27. Waterford Wedgwood UK Plc

28. Wedgwood Limited

29. Whittard

30. Blooming Marvelous

31. Pro Cook shops

31. Woollies

32. Woolworths

33. Zavvi

34. Miss Sixty

35. S Hall (Peugeot Dealers)

36. Land of Leather

37. Nortel UK (employ 2,000 people)





oh and Ssangyong (although not a UK company)



Unconfirmed

PC world

Base

Lush

Focus

Wicks



http://uk.reuters.com/article/domesticNews/idUKTRE

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
16/01/2009 22:48

Doesn't look good for the forseeable future I'm afraid.

Cypfan


Joined: 10/10/2008
Posts: 104

Message Posted:
16/01/2009 22:50

Where did this list come from? Starbucks has not gone under for starters.

Nunu1


Joined: 31/03/2008
Posts: 536

Message Posted:
16/01/2009 22:55

Starbucks are cutting back or rather shutting a lot of there coffee shops in UK.



Woolworths were owned founded by Lehman brothers, hence that would answer why the went down...Lehman Brothers Bank and Empire were one of the first big ones to go in the States in case people dont know.



Its a sad time that for so many years these businesses have traded and now gone forever!



nunu1

dixie normus


Joined: 22/02/2008
Posts: 820

Message Posted:
17/01/2009 07:49

How about compiling a list for the TRNC, we can add to it on a daily basis and send Talet and his cronies a copy at the end of each month, just to remind him how his goverment have f***ed the place.

Here's a couple to start you off,

stop n shop

Bar 11

Tena supermarket

Fasia supermarket

Chimneys Bar



D.N

maybemike


Joined: 12/01/2009
Posts: 188

Message Posted:
17/01/2009 08:22

Dixie the reason the supermarkets have gone under is simply becos there are too many and lemar are just a smaller version of tesco but crappier..bar11 thank god, dont think its comparable.











maybe

keithcaley



Joined: 13/06/2008
Posts: 2521

Message Posted:
17/01/2009 08:28

Hi Dixie,

The list does indeed lengthen alarmingly!

Supermarkets in particular, probably because most were planned up to 2 to 3 years before they actually opened, only to find that

a) not only had everyone else had the same idea, but

b) the positive 'growth' economy had almost ground to a halt, and they were dealing with a static or diminishing market, rather than an expanding one.

I can't help but feel that Yapi markets will be next to follow, and there seems to be a Chemist every few hundred metres in some areas! Not to mention Butchers... - where do they get the customers from?

Bars and Restaurants are, I think, a slightly different case - they are well used to seasonal variations, and to shut down completely for the winter months is standard practice for some. It's always interesting though, to observe which ones survive, like tortoises emerging from hibernation in the spring, and which stay shuttered and barred, like those poor little corpses in their cardboard boxes...

mishmash


Joined: 05/05/2008
Posts: 336

Message Posted:
17/01/2009 08:43

Fashion Bar needs adding to your list (prev Chapter One) anyone know what happened there?

Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
17/01/2009 09:05

hi had a scottis couple in last night who said they had taken it over. dont know if they bought the lease from john or taken it on from the landlord. its my beleive they want to do cold storage.

redtom


Joined: 30/12/2008
Posts: 116

Message Posted:
17/01/2009 09:22

thincs can only get better i supose

dixie normus


Joined: 22/02/2008
Posts: 820

Message Posted:
17/01/2009 13:37

Hopfully when we see the back of the curent adminisrtaion in April, the new gov will have the foresight to give insentive to new and established buisiness via tax breaks or whatever, instead of being a cash cow to feed the never ending army of goverment employee's. Wont be an easy call as where else can they generate cash other than Taxing, or do the unpopular and get rid of the public burden and revise the pension system. If a solution is ever sorted(which I doubt) the whole system will be in for a shock.



D.N

dixie normus


Joined: 22/02/2008
Posts: 820

Message Posted:
17/01/2009 13:37

Hopfully when we see the back of the curent adminisrtaion in April, the new gov will have the foresight to give insentive to new and established buisiness via tax breaks or whatever, instead of being a cash cow to feed the never ending army of goverment employee's. Wont be an easy call as where else can they generate cash other than Taxing, or do the unpopular and get rid of the public burden and revise the pension system. If a solution is ever sorted(which I doubt) the whole system will be in for a shock.



D.N

CJtill


Joined: 02/05/2008
Posts: 836

Message Posted:
17/01/2009 13:56

Things can also get a lot worse.

With UK property prices about to fall another 40% in the next 3 years the economy in the UK is in dire straits, even if you can get a mortgage, now is not the time to buy. As we know the UK market has a knock on effect here in the TRNC so cannot see any improvement in the housing market. As TL interest rates start dropping, belts will be tightened and businesses will see a drop in income resulting in more closures even though more of those small units will still be built.

I feel the biggest losers will be our old friends the estate agents, followed closely by restraunts and bars. It will be savage mark my words, so batten down the hatches.

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
17/01/2009 13:59

Message 1, nos 31 and 32 are the same.

mmmmmm



Joined: 19/12/2008
Posts: 8398

Message Posted:
17/01/2009 14:34

Dear Johnboy



re msg 1



Sadly your Reuters url doesn't work..



I'm interested to see you think that you claim DSG might be going to weald some axes in the PC World direction..



Now I knew some smaller Curry's / Dixons might close.. but this would be "interesting".

Bilko


Joined: 11/03/2008
Posts: 98

Message Posted:
17/01/2009 14:38

Re Message 4



Frank Winfield Woolworth opened his first five dime store in New York in 1878. It failed. He started again the following year and built up a worldwide retail brand, opening his first UK store in 1909.

The British company was latterly part of the Kingfisher Group, still paying Brand Royalties to the US Woolworth & Hutton families.

At the death, the company was a quoted plc, the major shareholder (10%)being Ardeshir Nahshineh an Iranian businessman. He and the former Chairman (Kingfisher) Geoff Mulachy were against the UK company closing down after 100 years, but were overuled. What a shame.



Things are obviously bad in the UK, economically and socially - perhaps a time for comments to have some basis in fact! Lehman Bros collapsed due imprudent toxic loans, their effect on Woollies demise was marginal.