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Industry News Articles

Clinton Cards faces administration with 8000 jobs at risk

9 May 2012

Card retailer Clinton Cards has warned it expects its largest supplier to begin steps to place the company into administration later today, putting 8,000 jobs at risk.

The listed-group, which operates 628 Clintons stores and 139 Birthdays outlets across the UK, has requested for trading in its shares to be suspended with immediate effect.

In a statement, the company said that two of its banks, Barclays and the Royal Bank of Scotland, sold £35million of loans to supplier American Greetings. Despite the fact that the banks had waived certain conditions for the loans, the supplier has decided to press for repayments that Clinton Cards cannot meet.

In March, the company reported a loss of £3.7m for the six months to the end of January, with the outlook for 2012 worse than previously thought.

Flexible Borer's FUSION Attendance Management System

If employees are asked to undertake different shifts or working patterns to the restructing of the company, then FUSION’s Time and Attendance System take this in their stride. Our FUSION Time and Attendance systems deal with all clocking matters, from simple collection of employees' clocking data, through to job costing and extensive labour hours analysis. Many working patterns – flexi-time, night shifts and overtime are easily created with the software.

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Access Control Systems using Power over Ethernet (PoE) Technology from Borer