Retail administrations increase – Deloitte

THE number of retailers falling into administration in 2012 increased by 6% compared with 2011, according to research from accountants Deloitte.

Some 194 retailers entered administration in 2012, compared with 183 in 2011 and 165 in 2010.  However, there was a slight fall in the last three months of the year compared to the fourth quarter of 2011 (37 compared to 42).

Dominic Wong, restructuring services partner at Deloitte in the West Midlands, said: “These figures are a stark reminder of the difficulties which c... 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...