The Bradford Greengates branch of crisis-hit shoe firm Barratts has been shut as administrators for the Apperley Bridge business closed 19 stores across Britain yesterday.

Trying to contain a financial collapse which threatens a total of 1,035 staff, international insolvency firm Duff & Phelps have closed the shops and cut 200 full and part-time jobs which represents almost a fifth of the workforce.

Across Yorkshire closures have also taken place at the White Rose Centre, Leeds, and in Hull.

Philip Duffy and David Whitehouse, of Duff & Phelps, were appointed joint administrators of Barratts Shoes on November 8 and it appeared they were trying to broker a sale of Barratts as a going concern.

Barratts operated from 75 stores and 23 concessions across the UK and Ireland, and fell into its most recent difficulties when a £5 million refinance deal collapsed.

The collapse of that deal left the directors with no option, but to appoint administrators.

This latest financial failure is its third in four years following administrations in 2009 and 2011 when its collapse led to more than 2,000 job losses.

Michael Ziff, whose family have owned the business – formerly Stylo – since 1935, had previously said he hoped the administrators would be able to find a solution to ensure survival of the business, which employs 150 at its Apperley Bridge headquarters.

Barratt’s 6.8 acre site next to the Leeds-Liverpool Canal was bought by Leeds-based Town Centre Securities, run by Mr Ziff’s brother Edward, which has published plans to develop up to 80 homes there. The plan at that time was to move the head office for the shoe business elsewhere in Bradford.

A spokesman for administrators Duff & Phelps said there would be no comment.