Southend businesses slump as almost 200 closed (From Echo)
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Southend businesses slump as almost 200 closed
9:30am Wednesday 6th March 2013 in Local News
SOUTHEND has shown a steep increase in the number of businesses closed last summer, according to recent research by Duport.co.uk.
During July, August and September last year, the number of companies closed in Southend rose to 199, a 55 per cent increase on the same period in 2011. Businesses start ups also fell by 10 per cent as the town struggles through a double-dip recession.
Southend High Street has suffered since the start of the recession, with the independent handbag store Buzz closing in March 2012, and big household names such as Woolworths, TJ Hughes, JJB Sports and Jessops disappearing. There are still several vacant units in the Victoria shopping centre and the High Street, and just off the High Street in Alexandra Street are two empty former restaurants, the former Il Vicolino and Onyx.
Despite the gloomy figures, David Burch from the Chamber of Commerce is upbeat and warns not to be too alarmist. He said: “There is a lot of vibrancy across Essex and in Southend, and businesses cease trading for a variety of reasons. Sometimes there is no longer a demand for them, or someone else has moved in, and sometimes people decide to have a change because they have had enough of running a business.”
The Duport Business Confidence Report for Southend also showed a reduction in the appointment of female directors, although the number of young directors appointed to new companies is on the rise.
For more information, see www.duport.co.uk/southend
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Comments (22)
9:53am Wed 6 Mar 13
perini says...
10:05am Wed 6 Mar 13
Sweet P says...
10:23am Wed 6 Mar 13
Alekhine says...
10:29am Wed 6 Mar 13
Sean4u says...
Complaining about the consequences of reckless selfishness - or even suggesting that 'sticking plasters' like free parking will solve the problem - is contemptible.
10:52am Wed 6 Mar 13
heartbeat says...
11:20am Wed 6 Mar 13
Shoebury_Cyclist says...
11:40am Wed 6 Mar 13
Cockle says...
11:52am Wed 6 Mar 13
artytoit says...
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12:44pm Wed 6 Mar 13
Rochford Rob says...
The Govt raised 'duty / tax' (I'll leave you to the semantics) on fuel and then have the gall to add VAT on top of that.
So, if I earn £100 the Govt will tax me £40 straight away. If I spend the remaining £60 on fuel, another £48 of that goes in taxation of one type of another.
Therefore £18 worth of fuel has cost me £100. Plus exhorbitant Insurance VEL costs and other 'green tax' bolleaux (which like MMGW) is all a scam to seperate us poor mugs who WORK to support the feckless for whom benefits is now a lifestyle.
How an independant business can possibly get by in conditions like this is anyone's guess. Well, it ain't is it, they are being bled dry into extinction.
As for Southend High Street -what a dump. chewing gum, fag ends, rubbish, fast food wrappings everywhere, plus pigeons (flying rats) chavs, doleites, beggars and scroungers. Ne'er do wells with dogs on string. The list goes on.
It's a dump and the council have the neck to charge the earth for parking - their machines don't give change either - daylight robbery.
1:10pm Wed 6 Mar 13
emcee says...
Is it any wonder businesses do not survive in Southend.
1:32pm Wed 6 Mar 13
Firestormgjc says...
A number of businesses would have been bumping along the bottom for a while before the recession hit, Zombie Companies is the term sometimes used, manageing to stay afloat by increasing their debt and as long as they could scrape enough to service the debt they struggled along.
The recession focussed the banks on who they were lending to which meant that these companies could no longer get secure the funds and slowly sank.
These companies large (woolworths , Comet) or small would not have been of any assistance in helping post recessional growth and could well have taken loans merely to survive which anyother company would use to grow.
The recession has just hastened the demise of weak businesses
2:02pm Wed 6 Mar 13
Rochford Rob says...
Plus, there's not much I can't buy from the comfort of my desk.
3:42pm Wed 6 Mar 13
Alfiee says...
3:52pm Wed 6 Mar 13
RobertFS says...
council please read!
4:10pm Wed 6 Mar 13
Carnabackable says...
4:59pm Wed 6 Mar 13
asbo in a coma says...
5:12pm Wed 6 Mar 13
jolllyboy says...
It will only get worse when the new retail parks open near the airport as will the lethal roundabout at Tesco and Kent Elms junction.
5:55pm Wed 6 Mar 13
firedog says...
ignore.
10:30pm Wed 6 Mar 13
Letmetryagain says...
12:52am Thu 7 Mar 13
echoforum says...
8:41am Thu 7 Mar 13
southchurchroad says...
But hey, such is the state of governance in the UK. No party is going to be any better.
12:59pm Thu 7 Mar 13
perini says...