Hairdresser gone bankrupt??

[ImJustMadAboutSaffron]

I've been to the hairdressers today, one that I have been going to since 2017. When I told a friend, she said "he's gone bankrupt." As I booked a string of appointments up to Christmas this year, and he was talking about my next appointment, I thought she must be mistaken, so I looked it up on Companies House and I found a notice that it is being wound up under the insolvency act of 1986 with a liquidator appointed as from 15 January this year (two weeks ago). Most strange!

I’m not sure what the question is

Have you seen utility prices and other overheads lately? Why are you surprised?

Maybe he wants to operate as a barber instead. They seem to be very profitable of late, but without the worry of any real customers.

I have noticed this. There are suddenly about six new barbers in our tiny town. What’s going on? Is it a front for something?

@AnEmbarrasmentofWitches

Is it a front for something?

Yep, and in plain sight.

Yes , money laundering.

Two barbers in my town are cash only, and one drives a Porsche 😉

Maybe he had debts and the only way to get around paying them was to close the limited company down and then just go self employed.

OK and?

Did he cancel any of your appointments? If not I assume he will still be working

Why is it strange? A small service business near us was advertising their Christmas offers and selling gift vouchers 2 days before they went under last year. I imagine any independent business owner would hope until the last second that they could save it, and telling their customers that they're in trouble isn't going to do that.

I don't understand what your query is either tbh.

Shame isn't it

I'm not sure what the question is but I hope my hairdresser doesn't close. Her electric costs are through the roof though 😢.

Probably will close and start again, might not want to pay their taxes.

He'll have had a massive bounce back loan from when he was forced to close with no furlough. Now I bet his electricity bill has quadrupled and he's lost a few customers to the cost of living crisis so he can't pay it back. Sounds like he's continued the business under a new name so don't worry, you'll still get your hair done. Just assume the bbl was furlough under a different label.

A couple of salons have closed near me over past 6 months. I can only put it down to post-pandemic rise of overheads costs and Brexit. (In London many stylists cone from abroad) Salons aren't the only type of businesses struggling.

Perhaps he's winding up the company and just going mobile?