Tue, 27 Nov 2012 | ADMINISTRATION
Popular furniture business Walmsley's Furniture Ltd has entered administration for the third time in seven years.
Just over a year after the business was sold to turnaround firm SKG Capital, the company has been forced back into administration due to the economic climate.
Julie Swan and Mark Philips of PCR have been appointed as joint administrators. The licensed insolvency practitioners will now oversee the future of the furniture retail company and its 24 stores around the country.
Mr Philips commented on the situation: “Unfortunately Walmsley has, like so many other retail businesses, suffered from the economic recession that has blighted the British high street. We are currently investigating to what extent we will be able to fulfil orders however this is dependent on our ability to acquire stock from third party suppliers. I would, however, stress that it will take some time for us to assess the situation.”
We will provide more information on the administration of Walmsley's Furniture as soon as possible.
A concept which led to revolutionizing the restaurant industry, offering an efficient and profitable approach to food production and targeted marketing.
Their versatile offerings include custom rafted joinery products such as elegant doorsets, stylish TV and media units, functional desks, ingenious shelving and storage solutions, luxurious bed surrounds, stunning timber staircases, sophisticated engi...
As a specialist in Italian Motorcycle Parts and Accessories supplies, the business has developed expertise in sourcing and offering a comprehensive range of high-quality products.
17
|
May
|
Focus Group continues acquisitive growth with telecoms deal | BUSINESS SALE
Business communications provider Focus Group has continued i...
17
|
May
|
Foresight-backed lab services group acquires sample storage specialist | BUSINESS SALE
Biofortuna, a laboratory services group backed by SME invest...
17
|
May
|
Brown & Brown acquires two insurance brokers | BUSINESS SALE
Brown & Brown (Europe) has continued its acquisitive activit...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
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.