max temp: 7°C

min temp: 4°C


Fewer shops fail in 2013

13:29 04 January 2014

Better news for the retail trade


The number of retailers going into administration during 2013 fell by 6% overall compared to the year before though there was a marked upturn during the final quarter of the year.

Research from business advisory firm Deloitte found 183 retailers entered administration over the last 12 months compared with 194 in 2012.

High street firms were thought to be benefiting from being left standing after the collapse of rivals.

But the last three months of the year saw an increase of 11% compared to the previous fourth quarter - from 37 to 41.

Lee Manning, restructuring services partner at Deloitte, said: “The high street has undergone a re-balancing, and this is what is being reflected by these figures.

“A year ago we were about to see HMV, Blockbuster and Jessops enter administration, but I would not expect as many high-profile retail casualties this time round.

“This does not mean demand is increasing, more that the clear-out will benefit those still standing in 2014.”

In total, 1,629 businesses went into administration in 2013, 11% down from the figure of 1,833 seen the previous year.

Almost all sectors tracked in the analysis saw a decline in the number of business failures - including a 24% fall in property and construction, and a 4% decrease among manufacturing firms.

The healthcare and social services sector saw an increase of 7% from 42 to 45, the analysis found.



Roundabout at Ropes Drive West where the traffic light trial has been taking place

A trial switch off of the traffic lights at Ropes Drive west in Kesgrave will be extended into the new year, following feedback from the public.

Police joined forces with partner agencies for the operation

People were arrested and vehicles seized in a series of police checks carried around in Ipswich and Thetford this week.

A barge on the River Gipping at Bramford around 1895. The road bridge and St Mary’s Church are on the left.

Beautiful countryside, with pleasant walks, fishing and picnic areas are how most now see the area around the River Gipping.

Cyber fraud suspect rebailed

A 32-year-old arrested on suspicion of conning an east Suffolk business out of more than £1million in cyber fraud has been re-bailed.

Woolverstone Wish appeal hits the half million mark.  Fundraisers and supporters meet on the site

Work is at last under way on a long-awaited and desperately needed new £3.7million state-of-the-art cancer centre – after a stunning past 12 months of fundraising.

Ipswich council leader David Ellesmere at the former sugar beet factory site off Sproughton Road.

A new Enterprize Zone involving 10 development sites across East Anglia, with the potential to create 18,500 jobs, was announced by Chancellor George Osborne today.

The Chancellor of the Exchequer, George Osborne, delivering his joint Autumn Statement and Spending Review to MPs in the House of Commons
Photo: PA Wire

The Chancellor’s Autumn Statement and Comprehensive Spending Review today divided opinion between unions employers.

The Buttermarket Centre will become a £35m entertainment complex

Cinema giant Empire has signed up for a new £35m leisure complex being created in the Buttermarket Shopping Centre, Ipswich.

Natalie Moloney, of Woodbridge events firm Pink Lemonade Productions.

An entrepreneur is up for a fifth business award since her event planning company launched last year.

Pictured is Tim Yeo

Former Tory MP Tim Yeo has lost his libel action over a “cash-for-advocacy” claim which he said trashed his reputation.

Most read

Most commented

Topic pages

Local business directory

Suffolk's trusted business finder

Property search

e.g. Oxford or NW3
Powered by Zoopla

Digital Edition

Read the Ipswich Star e-edition today E-edition

Great British Life

Great British Life
MyDate24 MyPhotos24