Thu, 15 Nov 2018 | ADMINISTRATION
With over 50 years in selling wedding dresses, Berketex Bride has gone into administration due to rising cash problems.
The bridal store has ceased all trading operations, and its outlets will be closed from Tuesday onwards.
A Facebook post from the company said: "The director of the company wishes to express his sincere apologies for the abrupt closure of the store and any subsequent inconvenience this may cause to customers of the company."
Customers awaiting orders have been asked to contact Wilson Field, the insolvency practice instructed to assist the company.
A spokesman for the firm said: “A Notice of Intent to appoint an administrator was lodged with the court on November 9.
"Once appointed, an administrator will look at the viability of different aspects of the business and other options which may include the sale of the brand, stock and the website."
The business employed about 80 people and had annual sales of £1.5 million.
Wilson Field have expressed their appreciation that the closure may be “distressing” for customers. Individual queries will be dealt with as soon as possible.
A spokesman for Wilson Field said: “This is another example of the hard time retailers are experiencing, and how companies are needing to react to the demands of different shopping habits and online retail.”
Berketex sold wedding dresses, bridesmaids' dresses and other accessories. Its branches included concessions in Debenhams and had shops in Manchester, Sheffield, Bristol, Leeds, Newcastle, Birmingham, Nottingham, Leicester, Croyden, London's West End, Chester, Edinburgh, Glasgow and Dublin.
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Established in 1978. Excellent reputation. High profit margins. Mix of corporate and general public customers. Further growth potential. Seen large growth in online. Offers invited.
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