Tue, 21 Mar 2017 | ADMINISTRATION
Administrators appointed to collapsed Somerset-based footwear Ted & Muffy, which recently made 11 of its 38 staff redundant, are looking for a buyer for the business.
The firm, formerly known as Duo, sells high-quality boots and shoes which are all made from its studio and offices in Frome. It has a physical store in Bath and a “major” online presence, selling to customers around the world.
Administrators Begbies Traynor have been appointed to find a buyer for The Blink Partnership Ltd, which trades as Ted & Muffy.
The firm, which will continue to trade while a buyer is found, was said to have performed well under previous ownership but had been adversely affected by mild autumn trading and a major rebranding two years ago.
Ian Walker, partner at Begbies Traynor’s office in Exeter, said: “In April 2016, Ted & Muffy was rescued out of administration by The Blink Partnership Ltd.
“However, unfortunately sales haven’t reached expectations and the business has no alternative but to find a new buyer.
“The business will continue to trade while a new buyer is being sought, and meanwhile there are no significant arrears of creditors.”
Anyone interested in buying the business is urged to come forward “as quickly as possible”.
Find retail businesses in administration.
You can subscribe here
Established in the industrial sector, this recruitment business boasts a trusted reputation and has demonstrated strong year-on-year financial growth.
This Glasgow-based dental practice is a thriving private business operating from a beautifully converted residential property, featuring three modern surgeries.
LEASEHOLD
This mixed dental practice in South Yorkshire presents an enticing opportunity, located in a thriving area poised for substantial residential growth.
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.