1,000 jobs at risk at Powerstore
Thursday 18 April 1996
The company has applied for a court hearing on 29 April and is seeking voluntary arrangements with its creditors. However, the stores will continue trading as normal.
Powerstore is the latest in a string of casualties in Britain's cut-throat electrical retail market. It operates 52 high street shops and 33 out- of-town superstores. It was born out of the industry shake-out which has seen most of the electricity companies dispose of their retail divisions. Clive Vlotman, a former director of Dixons created the group in 1993 when he acquired some stores from London Electricity. A year ago it bought around 70 Homepower shops from East Midlands and Yorkshire Electricity. Last year it achieved sales of pounds 120m.
- 1 Amy Winehouse statue unveiled in Camden
- 2 Lego breaks out of the toy box and heads for the gallery
- 5 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
George Galloway on Scottish independence: The political class is doing what Hitler couldn’t – destroying Britain
Daniele Watts: Django Unchained actress detained in Los Angeles after being mistaken for a prostitute
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Scottish independence: Yes campaign feels the heat as Alex Salmond's NHS claims come under furious attack
Scottish independence: Britain faces 'constitutional crisis' at next election
£23m Birmingham cycle scheme is attacked by Tory councillor for not catering to the elderly
iJobs Money & Business
£280 - £320 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...
£35000 - £38000 per annum + Benefits: Ashdown Group: Training Coordinator / Pl...
Data Governance Manager (Solvency II) – Contract – Up to £450 daily rate, 6 month (may go Permanent)
£400 - £450 Per Day: Clearwater People Solutions Ltd: We are currently looking...