Southampton-based insolvency expert predicts more firms will face administration

A closed Jessops store. A closed Jessops store.

MORE than a third of retail firms in Southampton are at risk of failure in the next year, a city insolvency expert warned last night.

As HMV became the latest big-name company to call in administrators, James Stares, from Grant Thornton in Southampton, said many more businesses are likely to experience serious trouble in the coming 12 months.

But he insisted that doesn’t mean all those shops would automatically disappear from the high street, with research by insolvency trade body R3 late last year showing nearly half of jobs surviving insolvency in the retail sector.

Bosses at HMV insisted they were “convinced” they can secure a future for the business, which employs 4,500 people and has 239 stores nationally.

But its problems follow hot on the heels of the demise of Jessops and Comet.

Mr Stares, who is also R3's southern regional chairman, said: “These figures seem to indicate that HMV and Jessops are not the only retailers struggling.

“However, this is not to say that any business in the ‘at risk’ category cannot pull through and I would urge any retailer to ask for help at the first sign of trouble.

“The insolvency process, while never good news, can result in significant parts of the business surviving and many jobs being retained.”

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Comments(33)

minnie64 says...
11:48am Wed 16 Jan 13

Not news really is this I could have said that more could shut and I am no expert !!! Still bit of advertising there - I have commented on the NASA site that its a long way to Mars and costs a lot to build a rocket !!!!!!

southy says...
11:57am Wed 16 Jan 13

Theres going to be loads of firms going under and its not going to stop till we change, and start relising that Capitalism do not work in a modern world, population to high and technology is to advance.
We all need to start thinking about what are we going to leave the future generations, they are going to blame us for our errors of not changing things for the better and allowing the rich and powerful to be able to do what every they want, while the majority alot wealthy will suffer.

Stephen J says...
12:09pm Wed 16 Jan 13

southy wrote:
Theres going to be loads of firms going under and its not going to stop till we change, and start relising that Capitalism do not work in a modern world, population to high and technology is to advance.
We all need to start thinking about what are we going to leave the future generations, they are going to blame us for our errors of not changing things for the better and allowing the rich and powerful to be able to do what every they want, while the majority alot wealthy will suffer.
"...population to high and technology is to advance."

What would be a socialist solution?

Torchie1 says...
12:15pm Wed 16 Jan 13

Stephen J wrote:
southy wrote:
Theres going to be loads of firms going under and its not going to stop till we change, and start relising that Capitalism do not work in a modern world, population to high and technology is to advance.
We all need to start thinking about what are we going to leave the future generations, they are going to blame us for our errors of not changing things for the better and allowing the rich and powerful to be able to do what every they want, while the majority alot wealthy will suffer.
"...population to high and technology is to advance."

What would be a socialist solution?
The 'Russian' principle could be adopted which involves marching backwards for seventy years and then trying to catch up with the rest of the world when the experiment has obviously failed.

freefinker says...
12:15pm Wed 16 Jan 13

Stephen J wrote:
southy wrote:
Theres going to be loads of firms going under and its not going to stop till we change, and start relising that Capitalism do not work in a modern world, population to high and technology is to advance.
We all need to start thinking about what are we going to leave the future generations, they are going to blame us for our errors of not changing things for the better and allowing the rich and powerful to be able to do what every they want, while the majority alot wealthy will suffer.
"...population to high and technology is to advance."

What would be a socialist solution?
.. Stalin found the solution in the Ukraine - starvation.

Low tech and reduces population quickly.

Outside of the Box says...
12:34pm Wed 16 Jan 13

freefinker wrote:
Stephen J wrote:
southy wrote:
Theres going to be loads of firms going under and its not going to stop till we change, and start relising that Capitalism do not work in a modern world, population to high and technology is to advance.
We all need to start thinking about what are we going to leave the future generations, they are going to blame us for our errors of not changing things for the better and allowing the rich and powerful to be able to do what every they want, while the majority alot wealthy will suffer.
"...population to high and technology is to advance."

What would be a socialist solution?
.. Stalin found the solution in the Ukraine - starvation.

Low tech and reduces population quickly.
please please please don't wind up brother Southy,,,,I cannot take much more of his socialist solution to everything,,,,from lancing boils to brain surgery there's always a socialist solution to the problem,,,,once he gets going it encourages Parajit and his blame NuLabour for every problem from the Afghan to the 3rd world debt,,,,,,

peenut81 says...
12:44pm Wed 16 Jan 13

So you can all have a go at Southy for having an alternative vision of how society COULD be, mocking and showing your ignorance of world affairs and politics yet fail to defend Capitalism or suggest alternatives yourselves. Morons.
He is right. Capitalism in the West is facing either its death throes OR we are about to descend into a dystopian nightmare in this hemisphere as we are all forced to obey the force of the 'invisible hand' as it is guided to ensuring the rich do not lose their wealth to Asia.
Small minded and in denial about the possibilities for the future.

Stephen J says...
12:51pm Wed 16 Jan 13

peenut81 wrote:
So you can all have a go at Southy for having an alternative vision of how society COULD be, mocking and showing your ignorance of world affairs and politics yet fail to defend Capitalism or suggest alternatives yourselves. Morons.
He is right. Capitalism in the West is facing either its death throes OR we are about to descend into a dystopian nightmare in this hemisphere as we are all forced to obey the force of the 'invisible hand' as it is guided to ensuring the rich do not lose their wealth to Asia.
Small minded and in denial about the possibilities for the future.
Perhaps you can succeed where Southy always fails. Yes, he does have an alternative vision of how society could be, but he never tells anyone what it is and how it would work. So, in meaningful, practical terms, what is it?

southy says...
12:54pm Wed 16 Jan 13

Stephen J wrote:
southy wrote:
Theres going to be loads of firms going under and its not going to stop till we change, and start relising that Capitalism do not work in a modern world, population to high and technology is to advance.
We all need to start thinking about what are we going to leave the future generations, they are going to blame us for our errors of not changing things for the better and allowing the rich and powerful to be able to do what every they want, while the majority alot wealthy will suffer.
"...population to high and technology is to advance."

What would be a socialist solution?
Stephen as you all ready know the answer to this, Socialist answer is to start sharing not just the wealth but jobs to, I am personally more interested in one form of Socialist answer to a country and world problem of high population and advance technology, and that is a "Resource Economics and Political Policy"
Jobs and wealth must be shared out, we can start doing that now and leading it as we go along and iron out the creases or have it force on us and have no control in the future when that unemployment get beyond that point when people are going to say enough is enough and the blood letting starts.
What we can do is go back to the 70's put back in place all that we had then and restart what the Socialist was trying to put forward back then, The Socialist could see this problem before the 70's and was formalating ideas way back then, but keep on getting block by the capitalist because they did not want to take a smaller profit because of there greed for money and power, the Socialist was working towards a 30 hour week with out losing the power of the wages, also reducing the retirment age to 60 for all, this would of keep the economy turning over, it might of lay stagnate for a bit but it would not slump like it do in a Capitalist system and never returning back to the same levels.
Capitalist answers to the high population and advance technology is to have wars and a major one every so often to reduce the population on mass, there idea of sharing is put out more part time jobs and less full time jobs, but the draw back is the wages drop with it to forcing people to take 2 or more extra jobs, defeats the object of sharing, this is because the capitalist do not want to lose money or power, they just want bigger and bigger profits for them selfs.
Really its a case of if you want to find all about and the solutions then you need to become a Socialist member and get active, its not information that you could put down on a A4 sheet its more off a tome of books.

Shoong says...
12:55pm Wed 16 Jan 13

southy wrote:
Theres going to be loads of firms going under and its not going to stop till we change, and start relising that Capitalism do not work in a modern world, population to high and technology is to advance.
We all need to start thinking about what are we going to leave the future generations, they are going to blame us for our errors of not changing things for the better and allowing the rich and powerful to be able to do what every they want, while the majority alot wealthy will suffer.
Yooouuu idiot.

Businesses need to adapt or die. Simple as.

southy says...
12:55pm Wed 16 Jan 13

Torchie1 wrote:
Stephen J wrote:
southy wrote:
Theres going to be loads of firms going under and its not going to stop till we change, and start relising that Capitalism do not work in a modern world, population to high and technology is to advance.
We all need to start thinking about what are we going to leave the future generations, they are going to blame us for our errors of not changing things for the better and allowing the rich and powerful to be able to do what every they want, while the majority alot wealthy will suffer.
"...population to high and technology is to advance."

What would be a socialist solution?
The 'Russian' principle could be adopted which involves marching backwards for seventy years and then trying to catch up with the rest of the world when the experiment has obviously failed.
Yes well that s is Capitalist Communism for you and even so even this system had its avancements as NASA found out with rocket engineering and other things.

Shoong says...
12:57pm Wed 16 Jan 13

'Jobs and wealth must be shared out'

Translation = '*I* want something for nothing.'

Shoong says...
12:58pm Wed 16 Jan 13

peenut81 wrote:
So you can all have a go at Southy for having an alternative vision of how society COULD be, mocking and showing your ignorance of world affairs and politics yet fail to defend Capitalism or suggest alternatives yourselves. Morons.
He is right. Capitalism in the West is facing either its death throes OR we are about to descend into a dystopian nightmare in this hemisphere as we are all forced to obey the force of the 'invisible hand' as it is guided to ensuring the rich do not lose their wealth to Asia.
Small minded and in denial about the possibilities for the future.
Hi Kev!

southy says...
1:01pm Wed 16 Jan 13

freefinker wrote:
Stephen J wrote:
southy wrote:
Theres going to be loads of firms going under and its not going to stop till we change, and start relising that Capitalism do not work in a modern world, population to high and technology is to advance.
We all need to start thinking about what are we going to leave the future generations, they are going to blame us for our errors of not changing things for the better and allowing the rich and powerful to be able to do what every they want, while the majority alot wealthy will suffer.
"...population to high and technology is to advance."

What would be a socialist solution?
.. Stalin found the solution in the Ukraine - starvation.

Low tech and reduces population quickly.
Free do some bok research on the that subject before posting, Russia at this time of era was a Capitalist communist system, Stalin was not a member to the Communist party he was a party member to the Capitalist Republicans Provinicalist Party, he was in Russian government before Lenin was and was still there during and after Lenin death.
and it was not a case of low tech for the time, it was a case that Russia was selling most of there grain to the world to pay off the debt that they had acurded during the WWI.

Big Mac says...
1:09pm Wed 16 Jan 13

Southy, I think your tome of books might just be a little out-dated, try and keep up please.

Shoong says...
1:09pm Wed 16 Jan 13

southy wrote:
freefinker wrote:
Stephen J wrote:
southy wrote:
Theres going to be loads of firms going under and its not going to stop till we change, and start relising that Capitalism do not work in a modern world, population to high and technology is to advance.
We all need to start thinking about what are we going to leave the future generations, they are going to blame us for our errors of not changing things for the better and allowing the rich and powerful to be able to do what every they want, while the majority alot wealthy will suffer.
"...population to high and technology is to advance."

What would be a socialist solution?
.. Stalin found the solution in the Ukraine - starvation.

Low tech and reduces population quickly.
Free do some bok research on the that subject before posting, Russia at this time of era was a Capitalist communist system, Stalin was not a member to the Communist party he was a party member to the Capitalist Republicans Provinicalist Party, he was in Russian government before Lenin was and was still there during and after Lenin death.
and it was not a case of low tech for the time, it was a case that Russia was selling most of there grain to the world to pay off the debt that they had acurded during the WWI.
Ah, so they were sacrificed to pay off a debt.

Well that's ok then.

Stephen J says...
1:13pm Wed 16 Jan 13

southy wrote:
Stephen J wrote:
southy wrote:
Theres going to be loads of firms going under and its not going to stop till we change, and start relising that Capitalism do not work in a modern world, population to high and technology is to advance.
We all need to start thinking about what are we going to leave the future generations, they are going to blame us for our errors of not changing things for the better and allowing the rich and powerful to be able to do what every they want, while the majority alot wealthy will suffer.
"...population to high and technology is to advance."

What would be a socialist solution?
Stephen as you all ready know the answer to this, Socialist answer is to start sharing not just the wealth but jobs to, I am personally more interested in one form of Socialist answer to a country and world problem of high population and advance technology, and that is a "Resource Economics and Political Policy"
Jobs and wealth must be shared out, we can start doing that now and leading it as we go along and iron out the creases or have it force on us and have no control in the future when that unemployment get beyond that point when people are going to say enough is enough and the blood letting starts.
What we can do is go back to the 70's put back in place all that we had then and restart what the Socialist was trying to put forward back then, The Socialist could see this problem before the 70's and was formalating ideas way back then, but keep on getting block by the capitalist because they did not want to take a smaller profit because of there greed for money and power, the Socialist was working towards a 30 hour week with out losing the power of the wages, also reducing the retirment age to 60 for all, this would of keep the economy turning over, it might of lay stagnate for a bit but it would not slump like it do in a Capitalist system and never returning back to the same levels.
Capitalist answers to the high population and advance technology is to have wars and a major one every so often to reduce the population on mass, there idea of sharing is put out more part time jobs and less full time jobs, but the draw back is the wages drop with it to forcing people to take 2 or more extra jobs, defeats the object of sharing, this is because the capitalist do not want to lose money or power, they just want bigger and bigger profits for them selfs.
Really its a case of if you want to find all about and the solutions then you need to become a Socialist member and get active, its not information that you could put down on a A4 sheet its more off a tome of books.
Well, I'll leave the tome of books until later as I have to go out to work now and generate some wealth.

southy says...
1:16pm Wed 16 Jan 13

Stephen J wrote:
peenut81 wrote:
So you can all have a go at Southy for having an alternative vision of how society COULD be, mocking and showing your ignorance of world affairs and politics yet fail to defend Capitalism or suggest alternatives yourselves. Morons.
He is right. Capitalism in the West is facing either its death throes OR we are about to descend into a dystopian nightmare in this hemisphere as we are all forced to obey the force of the 'invisible hand' as it is guided to ensuring the rich do not lose their wealth to Asia.
Small minded and in denial about the possibilities for the future.
Perhaps you can succeed where Southy always fails. Yes, he does have an alternative vision of how society could be, but he never tells anyone what it is and how it would work. So, in meaningful, practical terms, what is it?
nicely put peanut.
Stephen its not some thing that can be explaned in short all that can be done is snippetts of information, if you what to find out all you can, then I suggest join a Socialist grouping and start reading books on the subject.
Capitalism was showing the first signs it was failing with the first industral revolution (The water wheel factorys), that sign was the first recession to known to happen in modern times, and unemployment rising. then repeating again with the second industral Revolution (the steam engine in the factorys).
Its these changes that triggered the differnet way of thinking (socialism) to replace Capitalism that as all ways been with us and been the running system, the Capitalist system is broken and the only way out of it is a major war WWIII and there are never winners in wars only losers and a few victors that keep there wealth and powers to the few.

southy says...
1:18pm Wed 16 Jan 13

Stephen J says
Well, I'll leave the tome of books until later as I have to go out to work now and generate some wealth.

Yes wealth for who, you or the man at the top, your wealth probley only means to make ends meet and if your lucky have a little bit of spare.

Big Mac says...
1:39pm Wed 16 Jan 13

Southy, do you want to go halves on a few thousand tins hats in time for the forth-coming WW111 you're informing us about. If we're quick and lucky, we could turn a very decent profit?

southy says...
1:44pm Wed 16 Jan 13

Big Mac wrote:
Southy, do you want to go halves on a few thousand tins hats in time for the forth-coming WW111 you're informing us about. If we're quick and lucky, we could turn a very decent profit?
lol do you think a tin hat will do any good in the next major war. underground bunker with 6 foot casing is what will be needed

Hdg end mo says...
2:10pm Wed 16 Jan 13

Are the 2 numptys waiting for the sale to start

S!monOn says...
2:24pm Wed 16 Jan 13

Hdg end mo wrote:
Are the 2 numptys waiting for the sale to start
southy and peanut81?

southy says...
4:05pm Wed 16 Jan 13

Another one Blockbusters gone into administration 4,000 jobs at risk.
That list is getting longer

Cyber__Fug says...
4:14pm Wed 16 Jan 13

southy says...
12:54pm Wed 16 Jan 13

Socialist answer is to start sharing not just the wealth but jobs to

Would this be like your TUSC candidate in a recent election (I cant remember where exactly) who couldn't actually attend the polling day because he was "away working over 70 hours a week".

So its not the Socialist answer shared by every socialist..... is it ?

Stephen J says...
4:15pm Wed 16 Jan 13

southy wrote:
Stephen J says
Well, I'll leave the tome of books until later as I have to go out to work now and generate some wealth.

Yes wealth for who, you or the man at the top, your wealth probley only means to make ends meet and if your lucky have a little bit of spare.
I am the man at the top.

Big Mac says...
4:24pm Wed 16 Jan 13

At the top of the article, looking in the window?

southy says...
4:35pm Wed 16 Jan 13

Cyber__Fug wrote:
southy says...
12:54pm Wed 16 Jan 13

Socialist answer is to start sharing not just the wealth but jobs to

Would this be like your TUSC candidate in a recent election (I cant remember where exactly) who couldn't actually attend the polling day because he was "away working over 70 hours a week".

So its not the Socialist answer shared by every socialist..... is it ?
Doing that many hours cyber just to make ends meet to stop going into debt, its your system that you support that is forcing people to work a longer working hours a week, having to work pass retirement age just to make ends meet.

Subject48 says...
5:01pm Wed 16 Jan 13

Problem: Too many people, not enough jobs generating enough income to get government through. Government prints more money. Creates more debt. The deficit hole gets bigger. The person lending money to government makes money off % which is privately run but affects everyone. Money is created digitally out of think air and has no intricate value. This is in simple terms how inflation and government economy works.


Simple fact is humans are born whilst their life givers have no means to support them or ensure they will be bale to make a living. Creating an ever increasing deficit, government has to borrow more money. Private companies have monopoly on food/fuel/energy supply prices, exert pressure on governments to implement policies which allow them to make bigger profit.

The problem with all this is one thing: Profit.

Profit in itself means exploitation by taking another’s resource where you could make no profit and take less resource from that person. In turn you would spend resource to make product, so on. Companies lay off people/sell off assets etc not so they can keep trading but so they can keep in profit. Just look at what ford has done.

Now, there many corporations owned privately or shared and other types of establishment that have accumulated vast amounts of wealth. This wealth is gained by making profit a.k.a exploiting which is not returned to the consumer but used to make more profit and take more resource.

Now, by this point if you have understood what I have said you will be asking for a solution.

I have some. They are extreme. Problem 1: overpopulation. Applications for children etc. birth rate control like china among other ideas. This problem will take a few generations to sort out without bloodshed. Other Orwellian style solutions are also possible.

Problem 2: Debt/inflation/econo
my.

Once the population situation is being sorted a world government can enforce wealth acquisition. This is to set a cap on how much wealth an individual can accumulate. The argument will be that no one will try to be successful etc. But does one individual really need to have millions in his account which he will not spend? As a society we have to say no. otherwise the profit mentality continues and the cycle starts again. Another approach is to introduce a resource based currency.

I here recommend you the anti-conspiracy-theo
ries and all the people look up the idea of African union of countries with aim trying to introduce the "gold dinar" gold dinar (?) not sure on spelling... Idea spearheaded by Libya. This idea meant that resource would dictate currency value like it used to before the banking system introduced the current system of paper money..

What this would mean is that the global oil/resource economy which currently dictates everything else would be traded in this currency and not dollars which could be printed indefinitely. This means the "third world" which is currently sitting on a shed load of resource that are being exploited by the west would create their own trading terms which the current western society simply cannot afford. I mean if you all withdrew your money(read your notes) and went to the bank to request the amount being given in gold... there would not be enough gold... As a result the western world which is enjoying a ridiculous amount of wealth and lifestyle compared with a vast majority of the world will be brought to its knees. Hence military action in Libya, hence western economies trading weapons to the third world, hence military action in the Middle East to ensure unrest continues and those countries don’t switch from war making, to economical approach. If you don’t think its happening and I’ve made all this up, you are entitled to your opinion. Just mention few things like Lockerbie bomber release among other things. There is a lot of fishy stuff happening in the high places of the world and the sheep still have their blinkers on. I’m not saying the government is out to get you etc. Population control would work in favor of the population therefore government loosing its power in providing stability so I don’t think that’s happening. But rest assure the governments and their respective corporate and banking institutions are interlinked and do have an agenda. Of course they do. They have to in order to survive.

Thank you for reading.

southy says...
6:02pm Wed 16 Jan 13

48 "overpopulation. Applications for children etc. birth rate control like china among other ideas"

Propulation control will not work also, the gap between the haves and have not will get just as wide, and the rich and powerful will just gain more wealth and power. with less people means even less wealth and power would be shared.
One of the thing that will be the Capitalist downfall will be a high population that do have not have any thing as sooner or later they will turn on the Capitalist

Torchie1 says...
6:24pm Wed 16 Jan 13

It's all so simple now that the new utopia has been explained but I'm still puzzled about one aspect, why won't people trust the socialists enough to vote for them or will power be taken by the bullet as it has been in the past?

freefinker says...
8:03pm Wed 16 Jan 13

southy wrote:
Stephen J wrote:
peenut81 wrote:
So you can all have a go at Southy for having an alternative vision of how society COULD be, mocking and showing your ignorance of world affairs and politics yet fail to defend Capitalism or suggest alternatives yourselves. Morons.
He is right. Capitalism in the West is facing either its death throes OR we are about to descend into a dystopian nightmare in this hemisphere as we are all forced to obey the force of the 'invisible hand' as it is guided to ensuring the rich do not lose their wealth to Asia.
Small minded and in denial about the possibilities for the future.
Perhaps you can succeed where Southy always fails. Yes, he does have an alternative vision of how society could be, but he never tells anyone what it is and how it would work. So, in meaningful, practical terms, what is it?
nicely put peanut.
Stephen its not some thing that can be explaned in short all that can be done is snippetts of information, if you what to find out all you can, then I suggest join a Socialist grouping and start reading books on the subject.
Capitalism was showing the first signs it was failing with the first industral revolution (The water wheel factorys), that sign was the first recession to known to happen in modern times, and unemployment rising. then repeating again with the second industral Revolution (the steam engine in the factorys).
Its these changes that triggered the differnet way of thinking (socialism) to replace Capitalism that as all ways been with us and been the running system, the Capitalist system is broken and the only way out of it is a major war WWIII and there are never winners in wars only losers and a few victors that keep there wealth and powers to the few.
.. funny, that. So you are saying that the Industrial Revolution(s) was/were ‘the first signs’ capitalism was failing. Some failure I must say. Let’s see, what did this failing system give us?

Cities, railways, mechanisation, roads, aircraft, electricity, consumer goods, better nutrition, clean water, sewage systems, most chronic disease defeated, radio, musical access, the internet, computers etc. ad infinitum. And what brought all these benefits to the populous?; entrepreneurial individuals living in a free society with minimal state intervention. And what is that called?

Despite all the many problems of modern society, and there are many, I know in which era I would rather live. You can forget the 17th century and earlier; it was grim, unfair, hard; and life was very short. You, southy, need to get a grip of both history and reality. All those things you say were failures for capitalism were in fact some of its greatest successes.

As for ‘the Capitalist system is broken and the only way out of it is a major war WWIII‘ – well how very cheerful of you. If it’s been failing since the beginning of the Industrial Revolution, and now it’s ‘broken’, how come it’s still with us some 250 years later; stronger than ever and providing ever increasing generational prosperity to an ever increasingly satisfied and ever expanding population?

kingnotail says...
11:32am Thu 17 Jan 13

southy wrote:
Theres going to be loads of firms going under and its not going to stop till we change, and start relising that Capitalism do not work in a modern world, population to high and technology is to advance.
We all need to start thinking about what are we going to leave the future generations, they are going to blame us for our errors of not changing things for the better and allowing the rich and powerful to be able to do what every they want, while the majority alot wealthy will suffer.
Your posts really are all unreadable drivel aren't they?

click2find

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