Retail administrations hit two-year high

THE number of retail firms which fell into administration during the first quarter of 2010 increased by 30% to 60, compared with just 46 in the same period last year, according to accountancy firm Deloitte. This is the highest figure for more than two years.

The firm's North West reorganisation services partner, Bill Dawson, said it was "no surprise" that the retail sector has experienced the most turmoil. Just this week, Crewe-based DIY retailer Focus announced thiat it had been forced to appoint administrators, putting... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...