Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Jewellery retailer enters administration

Jewellery retailer enters administration

Tue, 22 Jan 2019 | ADMINISTRATION



A Nottingham-based jewellery and watches company has fallen into administration.

Chapelle Jewellery & Watches, which has humble beginnings as a family-run business established almost 40 years ago, was forced to call in professional services company Duff & Phelps Ltd to handle the administration process, with partners Philip Duffy and Sarah Bell appointed as joint administrators.

Director of Duff & Phelps, Jim Saunders, commented on the administration stating that: “Whilst the current management team has spent the last two years working hard to enhance the store estate, brand proposition and driving significant operational efficiencies, economic uncertainty continues to weigh heavily on consume confidence.

“In addition, retailers face rising business rates, national minimum wage increases and a paradigm shift in the retail landscape.

“This has impacted most retailers and as a result of trading losses, Chapelle could no longer meet its ongoing liabilities.”

The administrators were appointed for both Mortimer Management Group Limited and The Jewellery Outlet Limited, which together trade under the Chapelle name. In 2015, the company was sold to investment firm Hilco UK, which until recently owned HMV which also entered administration late last year.

The company ran 24 stores across the country but was forced to shut three down due to the currently “extremely challenging” climate in the retail sector. Despite the negative landscape, the company has reported a turnover of more than £24 million and will continue to trade until a buyer is sought.

Chapelle’s founders, Paul and Margaret Mortimer, commented on the situation, saying: “Chapelle was the leader in its field when we sold it in 2015. It could certainly still be profitable and successful again and we sincerely hope that a retail focused buyer can be found.”

Click here to view The Jewellery Outlet Limited listing for full details.

For more news stories about administrations click here. For all our administrations listings, click here.


Share this article



Latest Businesses for Sale

Commercial Vehicle Dealership
South of England, UK

A commercial vehicle sales business that supplies a range of used commercial vehicles from a number of well-known brands, including Ford, Citroen, Mercedes and Vauxhall. Trading out of a sizable portable premises. Operates from leasehold premises...

Asking Price: £270,000
Turnover: £701,493

LEASEHOLD


Supplier of Pottery Products and Equipment
South West, UK

Supplies high-quality, niche pottery products and equipment, including a wide variety of clays, glazes, tools, wheels, and kilns. Offers replacement kiln parts and is continually creating new glazes to bring to market, priding itself on its staff’s w...

Asking Price: Offers Invited
Turnover: £2,700,000

LEASEHOLD


Provider of Cleaning, Hygiene, and Janitorial Supplies
UK Wide

Offers a large range of high-quality cleaning, hygiene, and janitorial supplies and equipment. Benefits from strong, long-standing relationships with many trade customers who provide ongoing, repeat business. Strong management team in place that can...

Asking Price: Offers Invited
Turnover: £2,700,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
05
 
Aug
 

EV Technology to acquire Fablink Group at up to 13x gross profits | BUSINESS SALE

Fablink Group has announced that it has agreed to be acquire...

 
04
 
Aug
 

Administrators begin sale process for automotive manufacturing suppliers | ADMINISTRATION

Administrators are seeking a buyer for two Bletchley-based b...

 
03
 
Aug
 

Insolvencies soar amid rising costs and end of COVID support | BUSINESS NEWS

Company insolvencies soared in the second quarter of the yea...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2022. Business Sale Report Ltd. All rights reserved. www.business-sale.com.