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Has It Been Announced That Your BrightHouse store is to be closed?

Written by Robert Moore Marketing Manager 6 February 2019

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Has It Been Announced That Your BrightHouse store Is To Be Closed?

BrightHouse, rent-to-own retailer, has announced that 30 stores will close, with 350 jobs to be cut.

It isn’t a good time for the company.

Recently, the Financial Conduct Authority found 400,000 people were paying a further £23 million per year on goods such as TVs and fridges, because of overpriced goods and interest charges which were excessive.  Additionally, a £22.1 million pre-tax loss found in their latest set of accounts – financial struggles leaving no choice but to cut costs by conjoining redundancies with store closures.

Is there potential for a CVA underway? Is new finance needed?

For some of the 350 jobs cut, new jobs will be given within the business – though redundancies are still inevitable.  

In April, the FCA will introduce a cap on interest rates, which BrightHouse will be able to charge their customers.

The stores which will be closed, are as follows:

  • Aylesbury
  • Basingstoke
  • Bognor Regis
  • Bromley
  • Cowley
  • Dunstable
  • Eccles
  • Gravesend
  • Haverfordwest
  • High Wycombe
  • Leeds Merrion
  • Macclesfield
  • Maidstone
  • Newark
  • Newport
  • Nuneaton
  • Perth
  • Rugby
  • Scarborough
  • Seaham
  • Selby
  • Southport
  • Stafford
  • Stirling
  • Thetford
  • Trowbridge
  • Watford
  • Weymouth
  • Whitehaven
  • Yeovil

Categories: Retail

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