Media and Corporate Communications Tel: 01691 680717   Email Jools Payne

John Timpson Calls for Business Rates Freeze

John Timpson CBE

John Timpson CBE

John Timpson CBE, Chairman of the Timpson Group, one of the largest privately-owned retailers in the country with whom we have worked closely for 18 years now, renewed his call on the Chancellor of the Exchequer to freeze business rates for retailers in the wake of several high profile retail business failures this month.

John generously accepted my invitation to speak to the Shropshire Business Partnership (SBP), a network group for whom we handle the PR, which promotes collaboration amongst professional business services providers in Shropshire.

And so it was that John addressed a sell-out first SBP breakfast meeting of 2013 at the Greenhous Meadow stadium, Shrewsbury last Friday [18th January].

In an uncompromising attack on the government’s plan to increase business rates again this year, the retail magnate, who expects to open his 1,000th shop in the UK during 2013, was upbeat about the health of the high street despite recent high profile retail failures such as Jessops, Blockbuster and HMV.

John Timpson said: “Landlords are beginning to co-operate and for the first time in years we’re seeing rents reduced. Now we need more realism on business rates. It’s a complete nonsense {for government] to postpone the uplift on rateable values. The business rates rise scheduled for April needs to be frozen.”

John, who was awarded a CBE for services to retail in 2004, added: “The high street isn’t dying it’s evolving. The failures of HMV, Jessops and Blockbuster is less about a high street in terminal decline and more about a failure to adapt their business model.”

Having worked so closely with the Timpson business for very many years, first in managing John’s personal and corporate reputation and latterly producing the Timpson Group’s weekly staff newsletter, I have developed a keen interest in the retail sector. The failure of Jessops’ HMV’s and Blockbuster Video’s leadership teams to reinvent their proposition is tragic when 5,000+ employees’ jobs are at stake.

John Timpson epitomises how a visionary retailer, who not only sees the writing on the wall but acts quickly to make tough decisions, can save a business. He highlighted in his talk  just how he did that in the early 1980s by selling the shoe retailing side of the Timpson business whilst retaining the more profitable shoe repairs division and then diversifying.

Mandy Thorn, from the Shropshire Business Board hailed John Timpson’s talk “inspirational, whilst Fay Easton from the Shropshire Enterprise Partnership declared the breakfast event, which also saw new IP&E MD, Tom Roehricht, speak as “the best business event in Shropshire for years.”

Membership of the SBP is FREE. You can find out more at: http://www.shropshirebusiness.org/. There are plenty of photos from the John Timpson CBE breakfast event on our Facebook page.

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