Figures find more city businesses in distress

rw images from Simon Hart

From: Simon Hart <>

Even though George V proclaimed all German titles were to be given up by his family a century ago (July 17 1917), there is still physical evidence in our city of the Germanic royal house that once existed. Two commemoration stones relating to members of the royal house previous to the House of Windsor are so readily a part of the fabric of our daily lives but are probably in the most part overlooked.

A walk along Queen Street and on the corner with Aylward Street will present a building with a foundation stone that was laid by HRH Princess Henry of Battenberg in 1912. This was the married title of Queen Victoria's daughter Beatrice which was relinquished on 14 July 1917. From 17 July 1917 she was known as HRH the Princess Beatrice.

A visit to Sainsburys foyer in Commercial Road will provide the opportunity to see a commemoration stone for the opening of the Child's Ward of the Royal Hospital in 1909 by HH Princess Victoria of Schleswig

Four arrested after police crackdown in Commercial Road

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CITY businesses saw an increase in financial distress across the majority of sectors in the first three months of 2017, new figures have shown.

Data released by business recovery specialists Begbies Traynor found that in the south east, 55,090 firms were in ‘significant’ financial distress during the first three months of this year – up seven per cent on the previous quarter (51,498 firms).

Begbies Traynor’s Red Flag Alert research for the first three months of 2017, monitoring the financial health of UK companies, shows that in Portsmouth 526 businesses reported ‘significant’ financial distress in the same period, compared to 501 in the last three months of 2016 - an increase of five per cent.

Nationally 296,054 businesses were experiencing ‘significant’ financial distress in the first three months of 2017, an increase of seven per cent on the previous quarter (276,518 businesses), and an increase of eight per cent on the same period last year.

Julie Palmer, regional managing partner at Begbies Traynor’s Portsmouth office, said: ‘Given the scale of the increases in distress during Q1, it would appear that food suppliers, logistics firms and wholesalers are yet to fully pass on rising costs to their customers.

‘But it is only a matter of time before we start to see this coming through, especially given the added pressures associated with the new National Living Wage.’