May 25 2013 Latest news:
John Phillips , Senior Reporter
Thursday, May 10, 2012
Staff at a Birthdays store in Barking face an uncertain future after their parent group Clinton Cards collapsed into administration.
The eight employees work at the Birthdays shop inside Vicarage Field shopping centre in Ripple Road, Barking.
The 8,000-staff chain went into administration yesterday with accumulated costs and debts of more than £130million.
Administrators, Zolfo Cooper, acknowledged stores could be axed as part of a potential takeover bid.
Peter Saville, of Zolfo Cooper, said: “Recently, Clintons has been faced with extremely challenging trading conditions, particularly in its Birthdays subsidiary, where the combined cost to the group in terms of acquisition cost and accumulated losses is estimated to have been in excess of £130m since 2004.
“We will continue to trade the business whilst we undertake a full marketing exercise to find buyers for all or parts of the group.
“It is likely that a number of stores will need to be closed in order to make the business financially viable.”
Air cadets have cancelled a planned fundraiser at a local supermarket in order to keep a low-profile following the terrorist attack in Woolwich, London.
Getting work after college was a struggle for one student, but an apprenticeship with a local company has seen her land that all important first job.
The four groups said London’s status as a multi-cultural city which “respects and celebrates diversity” is what makes it one of the most “dynamic, progressive and tolerant cities in the world”.
Brave young Scouts braced themselves for a night of ghoulish storytelling in a spooky mansion.