One of the hardest hit interior stores in Beeton is to close today due to the present economic downturn.
While Tindall Shopfitters Ltd has just been shortlisted for a national award as Retail Interiors' Store-fit Company of the Year, the firm's 22 staff are facing job cuts, according to the managing director Jameson Tindall.
Philip Platts, 57, metalworker and staff representative at the company said there were people weeping when they heard what was happening. “Some of us are of an age where we're unlikely to find new jobs, but that wasn't what we were crying about,” Said Philip.
“We were crying because this is the end of an era. Those who created the country's economic crisis have a lot to answer for,” He added.
In order to help staff find new employers, the family-run business in Gresley Street not only have held consultations with staff representatives, but also has been talking to the town's Chamber of Commerce.
Chief executive officer of Beeton Chamber of Commerce Harold Livesey said: “The economic maelstrom has led to a clutch of firms in Beeton getting into difficulties and a couple have closed down.
“We know there are others on the brink of collapse so the local outlook is mostly gloomy. All our recent surveys of members continue to show a declining level of business activity.”
The credit crunch has reduced the firm's sales to almost non-existent levels but late payment by clients has been a major problem too.
Matt Adsley, the spokesman from the Association of Small Businesses which headquartered in Beeton, said: “It is very unfortunate when one of our members, such as Tindall Shopfitters, has to close its doors, especially when it is a company with such a good reputation."
The company, with a reputation of high quality shop and warehouse fittings production, has been operating for over six decades, and this year it is supposed to mark its diamond anniversary.
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