UK footwear chain Barratts is reportedly on the brink of collapse, putting more than 1,000 jobs at risk less than two years after it slipped into administration.

According to a Sunday Times report, the Bradford-based retailer is seeking a GBP3m (US$4.8m) loan to help pay for stock in the lead-up to the Christmas shopping period.

Without the loan, Barratts stores across the UK and Ireland may suffer stock shortages. The report added that company owner Michael Ziff has approached asset-based lenders and turnaround investors for the money. 

The report comes nearly two years after the owner of the Barratts and Priceless Shoes footwear shops collapsed into administration following a downturn in trading.

It was the second time in nearly three years the stores had been threatened with closure, after previous owner Stylo called in administrators in January 2009.