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Credit Crunching : A true international crisis
I've seen a whole bunch of credit crunches in my time (I'll be 50 soon) so it's nothing new to me. I remember when Maggie closed the pits, sending a shock-wave through South Wales like an economic earth quake. South Wales has not and probably never will recover from that. Here's some statistics to back me up...

...In the third quarter of 2008 official bankruptcy notices for Wales show only 7 companies went through. Meanwhile just across the water in Avon & Somerset in the same period they had 275! Draw your own conclusions though my take on this is: maybe it shows how little enterprise is left in Wales!

This is a proper international crisis with regions (not just in the UK) who have never seen a really deep recession being hit too, I guess now they know how it feels, welcome to the club. So I googled about for a while to try to find a list of the big players who have gone and had no luck. Hence this listing, here's a few I can think of but please write to me with others, the form is here.

List of big name companies gone bust...

• Woolworths
• Wedgewood & Waterford Crystal
• Zavvi
• MFI
• Dolcis (the shoe retailers)
• ScS Upholstery (the Sofa makers)
• Viyella (Courts/Courtholds as was?)
• Adams (very large kids clothing retailer)
• The Officers Club (large clothing retailer)
• MK One (large clothing retailer)
• Findus (frozen foods)

Other notable shenanigans include:

• Corus (X British Steel) lay off 3500 jobs.
• Northern Rock (Nationalised)
• National & Provincial Building Society became part of Abbey.
• Abbey was bought by Spanish Santander
• ICI (sold to a Dutch group)
• Whittards bought out after 122 years!
• Kwik Save close a third of their stores.
  
   

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