_{Pic: BBC}

ICSM Business News: the long list of retailers who have gone bust in 2022 - and the latest high profile sports firm that joins them

By Harry Mottram: The pandemic, the lockdowns, the consumer switch to online shopping, Brexit supply issues, an increase in interest rates, rising inflation and historic debt have brought many retailers to the brink of collapse such as Joules and McColls. Others have collapsed completely in the wake of Debenhams and Top Shop with this year seeing the end for Made.com  and Missguided and also shopping centres in East Kilbride and Aberdeen.

Ian Carrotte of ICSM said there is a big knock-on to the economy when major retailers go under as apart from their suppliers and customers being hit the footfall in town centres and high streets may fall. “That has an effect of other businesses that surround a department store or supermarket,” he said. “When the supermarket moved out of the shopping centre in Bedminster in Bristol and area slowly declined. There are many examples of where this happens and one of the killer blows for grocers and retailers is the level of business rates the rents from landlords. These don’t take into account the changed trading conditions these businesses face.”

Helen Dickinson, chief executive at the British Retail Consortium, said: "Retailers hope the World Cup and Black Friday will give sales a much-needed boost ahead of Christmas. However, with little sign of cost pressures easing, government action is needed to support households.

"Retailers face an additional government imposed £800m inflationary increase in their business rates bills next year so the government should freeze rates and reform the broken transitional relief system to alleviate cost pressures that are feeding through to higher prices at a time when people are least able to afford them.”

Some of those that have gone this year include Joules – although they have been partly saved by Next who have taken on some of their stores, Garth Bakery and Sarah Snacks, Made.com, TheVeganKind (TVK), Eve Sleep, Jupiter Group, Tree of Life, Carzam, Studio Retail Group, Sofa Workshop, Sofa Workshop,  T M Lewin, J C Rook and Sons, Dawnfresh Seafoods and R R Spink & Sons, Trinity Group, Gieves & Hawkins and Steptronic Footwear.

There are many more with the latest big name being Elite Sports Group, who provided merchandise, retail services and also runs the sports shops of many football clubs. They went into administration in November 2022 creating a huge disruption to the lucrative sports market ahead of Christmas. Its brands include Hummel, Maybe, Lift and Turnstile. It is the supplier of Hummel sports clothing to many UK clubs for their first teams, youth teams, women's teams and others.

This is a list of some recent liquidations:

^{NOVEMBER ICSM LIST}

^{ANAMORE FOOTWEAR LTD     12749589}

^{BEAUTY PREMIER LIMITED     05706432}

^{INFINITY HOT TUBS LIMITED     11983464}

^{LAUREN NICHOLAS KITCHEN DESIGN LIMITED     05263421}

^{LITTLEBOROUGH FURNITURE COMPANY LTD    10336867}

^{MARSDEN BROTHERS LTD     12717345}

^{PRODUCT NATION LIMITED     08461983}

^{REMI HAIR LIMITED     10817312}

 

^{OCTOBER ICSM LIST}

 

^{THE MATTRESS TRADER LIMITED     09811097}

^{AA MARKET LTD    12169028}

^{A GREAT READ LIMITED    06197795}

^{A-Z WEDDING SERVICES LIMITED    06424884}

^{BUY ANYTHING LTD    13268954}

^{CENTRAL MARKET LTD    11799098}

^{CHAOS FASHION LIMITED    09648553}

^{COMPLETE CARPETS LIMITED    07769270}

^{CONNOISSEUR CLASSICS LIMITED    11857126}

^{C W VEHICLE SALES LIMITED    11254813}

^{DJS RETAIL LIMITED    04415903}

^{DOWSETT MOTORS LIMITED    04780920}

^{FEATHER DRESSAGE LTD    10901516}

^{FURNITURE LOFT LIMITED    09979299}

^{HODGSON SPORTS LTD    11876682}

^{HUDDERSFIELD NURSING HOMES LIMITED    01963535}

^{JTK WHOLESALE LTD     11580058}

^{K & C FASHION TRADING LIMITED    10400769}

^{LONDON PREMIER SOUVENIRS LIMITED    07261717}

^{MALL JEWELLERS (WALSALL) LTD    11961340}

^{M & L TRAVEL ACCESSORIES LTD    08270884}

^{MICKY HAMMOND RACING LIMITED    11847367}

^{NEWLAND RETAIL LIMITED    11841704}

^{OPTIMAL FURNITURE LIMITED    11236189}

^{OXFORD CASUALWEAR LIMITED    12964245}

^{SPARTAN WHOLESALE LIMITED    11861215}

^{STORE RETAIL GROUP LTD    10420718}

^{SWEET PACKS LIMITED    11919787}

^{THE FINE GIFT COMPANY LIMITED    06515925}

^{VP RETAIL LIMITED    11824694}

^{ZENITH MARKETS LTD     11978195}

 

^{SEPTEMBER ICSM LIST}

 

^{AW RETAIL LIMITED     06879213}

^{BATHROOMS OF WINCHESTER LIMITED    07817899}

^{BEIJING TONG REN TANG (LEEDS) COMPANY LIMITED    08736109}

^{BRANDED PLANET LIMITED    07926938}

^{BUSSPEPPER PROMOTIONS LIMITED    05226545}

^{CARDIFF SCOOTER STYLE LIMITED    44746}

^{CHEEKY CHARLIES SWEET EMPORIUM LIMITED    08007375}

^{CREATIVE STUDIOS DERBY LIMITED    08739480}

^{CM CRICKET LTD    12680454}

^{DAHAK INTERNATIONAL LIMITED    06482463}

^{DESIGN HOUSE NORTHWEST LTD    4403733}

^{DISTONS RETAIL LIMITED    44746}

^{EARTHKIND EVENTS LTD    12698467}

^{FURBABIESS LIMITED    12616524}

^{I LOVE RETRO LIMITED    44746}

^{JMF RETAIL LIMITED    44746}

^{KOALA HOME SHOPPING LIMITED    10795556}

^{L&R TRAILERS LIMITED    44746}

^{LOVEDAY & SONS LIMITED    00382448}

^{MARK BRAMALL MERCHANDISE LIMITED    44746}

^{ONLINE RETAIL STORE LIMITED    12329257}

^{ORO BIANCO HOME LIMITED    10842109}

^{OUR PRICE RECORDS LIMITED     04792445}

^{PARTY STOCK LTD    44746}

^{PINTOR LTD    03304201}

^{PRICE MARKETS UK LTD    09597543}

^{RETROTRADINGTECH LIMITED    12324551}

^{SANDFORD TYRES LIMITED     05232115}

^{SIGNATURE HAIR SALON LTD    10471750}

^{THE BEAUTY GARDEN GROUP (UK) LTD    12435029}

^{THE FIRE STATION LIMITED    44746}

^{VELOTRADE LTD    44746}

^{WHITE ROSES WHOLESALE LIMITED     10454505}

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ICSM CREDIT
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ICSM, The Exchange, Express Park, Bristol Road, Bridgwater, Somerset TA6 4RR. Tel: 0844 854 1850. www.icsmcredit.com. Ian.carrotte@icsmcredit.com

About ICSM Credit

ICSM Credit has more than four decades of experience as a credit intelligence group whose members gain inside information about firms in trouble allowing them to avoid bad debts and rogue traders. To join costs less than a tank of fuel - while at the moment there's a special free temporary membership offer during the Covid-19 crisis which gives access to free legal letters. ICSM also has an effective debt collecting service which has a global reach - ask for details from Paul.

For details about ICSM Credit call 0844 854 1850 or visit the website www.icsmcredit.com or email Ian at Ian.carrotte@icsmcredit.com on how to subscribe and to join the UK’s credit intelligence network to avoid bad debts and late payers. Follow ICSM Credit on FaceBook, Twitter and YouTube and Ian Carrotte on LinkedIn.

To keep up to date subscribe to the FREE ICSM Credit Newsletter to hear all the latest insolvency news and to see who has gone out of business click on the orange panel on the top left of the home page of the website www.icsmcredit.com or send an email to Ian.carrotte@icsmcredit.com

For details for the work of the journalist Harry Mottram visit www.harrymottram.co.uk