We had our worst day in 21 years of trading today.
I have had so many other retailers, suppliers and agents from around the country on the phone, all saying the same. Many retailers reckon they will be gone by end of next week, many suppliers say it depends if the invoices get paid or not for them.
I will see the details of what government are offering to rescue UK businesses when I get in tomorrow.
Sounds great, but after dissecting it a bit this evening I don't think it is anywhere near enough for many, myself included.
Someone else I saw today said business has fallen off a cliff for them, main office and production is here, US, Italy and Spain.
None any good. They are stopping production Thursday as stock already piling up.
He said the reality is 270 staff at £4-600 a week in the factory. They pay just a smidge over £7m a year in wages, Nearly £600,000 a month.
Monthly overheads are over a million. Like he said "How long can we ride that out for?"
Everyone, no matter how big or small is getting hit hard, just depends how far along the chain you are from dealing with the general public to how much you are noticing what is happening.
Many won't have even noticed yet. But the reality is not looking good.