Blow for Haverhill's High Street as newsagent Henderson's closes
Newsagent Henderson's in Haverhill's High Street has closed with staff made redundant after the company went into administration.
Michael Pallott and Adam Harris, of Mazars LLP, have been appointed joint administrators of Henderson's and are managing the affairs, business and property of the company, which owned six shops.
They are aiming to find a buyer for them.
Henderson's was first established in 1967 as a sole trader before expanding into a partnership and eventually becoming a limited company in 2007.
It operated as a newsagent across six branches in Luton, Hitchin, Haverhill and Newmarket, employing more than 60 members of staff.
All members of staff have been made redundant.
Mr Harris said: “Like many retailers in the current economic climate, Henderson's has seen a significant drop in turnover coupled with increasing overheads in recent months.
"The buying habits of the average customer have altered in recent years; most people no longer make daily visits to their local newsagents and this has resulted in a significant drop in footfall.
"I have already been contacted by several interested parties about the possibility of purchasing some of the branches and I am working closely with the Post Office to determine if the two Post Office branches can be sold.
"I would like to thank the directors and their staff for the help that they have provided in an incredibly stressful and emotional situation."
Last week, the Echo reported there were 10 empty shops out of 192 units in Haverhill town centre, which is a vacancy rate of 5.2 per cent compared to a national average vacancy rate of 10.4 per cent.
The Association of Town Centre Management considers a vacancy rate of five to 10 per cent to be ‘healthy’.
More by this authorPaul Derrick