Talk to us today in confidence0800 970053907833 240747

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

Written by Robert Moore Marketing Manager 6 February 2019

Be the first to comment

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


Post a Comment

Please keep your comments relevant. Company Rescue reserves the right to edit or delete comments.

The blog postings on this site solely reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of Company Rescue. All comments are made in good faith, and Company Rescue will not accept liability for them. We may contact you in response to your comment – by submitting your comment, you are consenting to this.

To find out more about how we collect, use and protect your data, please read our privacy policy.

You are currently offline. Some pages or content may fail to load.