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Wednesday, March 01, 2006

Past Times in administration

SMALL businesses in Suffolk are among those left counting the cost after the owner of gift shop chain Past Times went into administration.
Tony Carter, managing director and joint owner of Carter Ceramic Designs in Debenham, which makes teapots, said his company was also owed money by the chain store, but would survive the blow.
“They put a hole in us, but it's over the water line,” he said. “No company can afford to lose money, and especially in very difficult trading times which they are in the high street. But we are a well-founded company and we can ride it.”
He did not want to disclose how much they were owed, but said they were owed for several hundred teapots and it was “a substantial order”.
Full article

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