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Monday, 8 December 2008

What does going into administration mean

Over the past weekend I have heard the question "what does going into administration mean"? several times.

I thought a simple link page to the administration guides we have on our website might help people get the answers quickly, please click the link below

Last week saw the following substantial companies enter the administration procedure.

JA Magsons - York - toy wholesale
Fitzgerald Lighting - Bodmin - lighting manufacturers
London Scottish Bank plc - London - sub prime lending
Bowie Castlebank Ltd - Glasgow - multiple retail
Unoco Group - Nottingham -Education sector
Pettifer Construction Limited - Warwickshire - construction

These well known names are just the tip of the administration iceberg, unfortunately thousands of jobs were lost last week and we will see administration numbers and job loss numbers soar as the new year starts.

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