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	<title>TyreQuote.com News &#187; administration</title>
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		<title>Economic Situation Claims More Victims</title>
		<link>https://www.tyrequote.com/blog/2012/06/06/economic-situation-claims-victims/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=economic-situation-claims-victims</link>
		<comments>https://www.tyrequote.com/blog/2012/06/06/economic-situation-claims-victims/#comments</comments>
		<pubDate>Wed, 06 Jun 2012 09:19:21 +0000</pubDate>
		<dc:creator>media@tyrequote.com</dc:creator>
				<category><![CDATA[Latest Tyre News]]></category>
		<category><![CDATA[administration]]></category>
		<category><![CDATA[bridgegate tyres]]></category>
		<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://www.tyrequote.com/blog/?p=212</guid>
		<description><![CDATA[In every newspaper across the country there are reports of large multi-national companies going into administration. Reports like this have become common over the past few years, and as a nation we are becoming used to the recession claiming more [...]]]></description>
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			</div><div style="clear:both"></div><div style="padding-bottom:4px;"></div><p>In every newspaper across the country there are reports of large multi-national companies going into administration. Reports like this have become common over the past few years, and as a nation we are becoming used to the recession claiming more victims. However with more smaller businesses going into administration across the UK, the effect this has on local economy cannot by any means be overlooked.</p>
<p><span id="more-212"></span>We are in an industry which too is often overlooked, but small family ran garages are often the heart of many communities, especially rural across Britain. Just this morning family tyre company Bridgegate tyres have gone into administration. With five branches across Yorkshire, the company became established in 1971 supplying tyres, batteries and exhausts to residents and businesses across the Dales for more than 50 years.</p>
<p>The business has blamed economic problems for the hardships. Mr Bowman said, &#8220;We were absolutely devastated but we are trying to pick up the pieces and have regenerated ourselves to a much smaller business.</p>
<div>“When we had as many branches as we did, it was very easy for banks and administrators to swallow us up.”</div>
<div>It&#8217;s a scenario that is repeated across the UK. The direct consequences of the administration mean job losses, derelict buildings and a faltering local economy.</div>
<div>One of the key issues is that the public still favour nations against the independents. The reason for this? It&#8217;s certainly not price, as independents can save consumers on average up to 30% against the leading nationals. The reality is, is that it is down to advertising and exposure. Consumers have been trapped into a habit of only going to larger branded garages as they believe they are more trustworthy, and will in turn get better value for money. The reality however, is much much different.</div>
<div>So next time you purchase your new tyres, think about whose pocket you are putting your cash into.</div>
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