Blockbuster and Barratts back in administration

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Major retailers Barratts and Blockbuster have collapsed into administration again following a tough few months on the high street.

Duff & Phelps has been appointed as administrator to shoe shop business, while restructuring firm Moorfields Corporate Recovery has been appointed administrator of TS Operations, which trades as Blockbuster.

This is the third time in four years that Barratts has gone into administration, and Duff & Phelps has said it is now reviewing the chain's financial position as well as seeking a sale of the business.

Duff & Phelps joint administrators Philip Duffy and David Whitehouse blamed...

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Robert Lovell
Managing Editor
AccountingWEB.co.uk
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12th Nov 2013 17:15

Both these situations prove

that George Osborne's recovery prospects, are not as robust as he might like to think.

I'm just concerned that the Government is trying to manufacture a recovery, rather than trying to assist a more organic and meaningful return to growth.

More problems could hit the High Street in December, when quarterly rents become due.

From where I sit, we are certainly not out out of the woods yet and I still see another three or four years of austerity.

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