Businesses in financial trouble

[Andrew_C]

39 minutes ago, ITGuyNW said:

I recently jumped from Octopus energy to 

 

I did that some years ago... Whoever I went to went belly-up within a year.  Got moved to Shell, then as soon as I could, I went back to the Molluscs.

[MartinT]

I would stick with Octopus.

[Fazza]

Poundland still haven't found a buyer and their credit insurance has just been removed which normally means their suppliers wont give them any credit and if they want to buy things then they have to pay up front.  Sadly when this happens, a lot of companies cease trading.

 

https://www.retailgazette.co.uk/blog/2026/09/poundland-moves-to-reassure-suppliers-after-credit-insurers-pull-cover/

[LeMarchand]

2 minutes ago, Fazza said:

Poundland still haven't found a buyer and their credit insurance has just been removed which normally means their suppliers wont give them any credit and if they want to buy things then they have to pay up front.  Sadly when this happens, a lot of companies cease trading.

 

https://www.retailgazette.co.uk/blog/2026/09/poundland-moves-to-reassure-suppliers-after-credit-insurers-pull-cover/

 

 

[ITGuyNW]

30 minutes ago, MartinT said:

I would stick with Octopus.

I wanted to however standing charge was literally double and gas was 2.5p a unit dearer.

[MartinT]

Ah, ok, I only use them for electricity.

[Dos_Box]

23 minutes ago, Fazza said:

Poundland still haven't found a buyer and their credit insurance has just been removed which normally means their suppliers wont give them any credit and if they want to buy things then they have to pay up front.  Sadly when this happens, a lot of companies cease trading.

 

https://www.retailgazette.co.uk/blog/2026/09/poundland-moves-to-reassure-suppliers-after-credit-insurers-pull-cover/

Who won't lend them a quid?

[Dos_Box]

I should imagine that most of you follow the wider tech news and already know this, but Oracle could be in trouble, they have huge debts for an AI data centre they are building and have invoked a force majeure notice - https://www.cnbc.com/2026/09/24/oracle-data-center-force-majeure.html

[3s-gtech]

Oh no! Not lovely Oracle! Especially when they were just trying to build something nice.

[6Foot2]

On 25/09/2026 at 14:10, sigma said:

https://www.theguardian.com/business/2026/sep/25/talktalk-administration-deal-sell-consumer-arm

Hopefully, administration.

 

Link: BT strikes deal to rescue broadband firm TalkTalk; euro slides amid France debt burden fears – business live

 

Quote

BT Group has struck a deal to buy TalkTalk out of administration, after reaching an agreement with its largest creditor.

 

TalkTalk’s wholesale and consumer arms will be sold to BT on a debt-free basis. BT said the acquisition would cost it £400m.

 

BT said it “recognised the risk to the country, and especially vulnerable customers and key public services, should the company collapse”. BT therefore approached the directors of TalkTalk and offered to step in immediately...

 

[6Foot2]

Link: UK crisp maker shuts after 54 years and enters administration | The Argus

 

Quote

A UK crisp company once stocked by major UK supermarkets has ceased trading after 54 years, having fallen into administration.

 

Glens of Antrim Potatoes Ltd, which began in 1972, supplied potatoes to retailers across the UK and Ireland.

 

In 2015, the company launched its Glens of Antrim Crisps brand.

 

These crisps were sold in Tesco, Sainsbury’s, and other major supermarkets...

 

[DalekSec]

Zavvi's gone:

 

https://www.zavvi.com/c/october/ 

[LeMarchand]

4 minutes ago, DalekSec said:

Zavvi's gone:

 

https://www.zavvi.com/c/october/ 

 

They were still wanting me to buy stuff last week.

[DalekSec]

Just now, LeMarchand said:

 

They were still wanting me to buy stuff last week.

 

They don't anymore

[6Foot2]

Link: Independent regulator report says English football finances are 'dangerously exposed' - BBC Sport

 

Quote

English football's finances are "dangerously exposed, with the majority of clubs living on the edge of financial disaster", according to a landmark report by the independent football regulator.

 

Research by the watchdog found 94% of clubs are loss-making, and more than 60% of EFL and National League clubs are technically insolvent.

 

The regulator (IFR) warns of "a dangerous cocktail of rising debt and an over-reliance on owner funding, leaving clubs and their fans at risk".

 

The 'State of the Game' report also suggests that despite the economic success of the Premier League, the financial 'cliff-edges' between and within leagues have grown significantly...

 

[smurfomatic]

Things will only change if one of the "big" clubs goes out of business - not just into administration, completely closed down and gone forever. Rugby has finally realised this was possible when Wasps, Worcester and London Irish all went bust.