As with the natural cycle of all things, businesses are born and when the time comes, they die.
Safestyle UK, is the latest large company to enter administration in the UK.
After trading for almost 31 years, the company collapsed last Friday due to factors including poor consumer confidence. Interpath’s Advisory’s managing director Rick Harrison said “After seeing strong sales during the Covid lockdown periods, many companies are seeing trading being impacted by the cost-of-living crisis and soaring costs.”
Whilst around 70 of the company’s 750 workers are being kept on in the short term to complete closing down duties, more than 600 employees have