High street shoe retailer Barratts is in danger of entering administration for the second time in two years, as reported by The Sunday Times.
Company owner Michael Ziff is understood to be consulting turnaround financiers and asset-based lenders to secure necessary funding to purchase stock for the Christmas period.
In December 2011, the company, trading as Barratts Priceless Ltd, entered administration, resulting in the loss of approximately 2,500 jobs and over 100 store closures.
A successful turnaround plan led by Ziff secured the future of the company in January 2012.
Barratts currently operates 45 stores in England and Scotland, 15 stores in Northern Ireland and 15 in the Republic of Ireland.