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Following the collapse of Walmsey Furnishings; we bring to you an overview of the retailer’s trading over the years and highlights of the administration.
01/09/11 - Furniture chain Walmsley has become the latest casualty of the consumer spending downturn after collapsing into administration. Out of 60, 25 stores have already been sold to a new owner (private equity firm SKG) by administrators from Leonard Curtis. The rest have been closed, but uncertainty surrounds the future of 200 staff. There is no information about administration on their website, which just features 25 stores, as opposed to 60.
Store Closures Summary
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Region
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Store Closure Count
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Store Locations
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North West
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8
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Ashton, Blackburn, Burnley, Farnworth, Kirkby, Preston, Runcorn and Skelmersdale
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Midlands & Wales
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9
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Bangor, Coventry, Derby, Dudley, Erdington, Hereford, Stafford, Walsall and Wrexham
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North East & Yorkshire
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11
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Castleford, Grimsby, Halifax, Hartlepool, Huddersfield, Hull, Middlesbrough, Rotherham, Scunthorpe, Sheffield and Worksop
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Scotland
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5
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Airdrie, Dalkeith, Dundee, Irvine and Paisley
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Other
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5
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Basildon, Bedminster, Bracknell, Sittingbourne and Weston
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08/02/11 - For the year ended 30th April 2010, the company operated through 65 stores. It reported a difficult year with decrease in sales and the profit for the year amounted to £158,910
26/04/10 - The Company was accused of selling sofas that left people with rashes and burns
27/01/10 - During the year ended 30th April 2009, the company traded from 69 stores in England, Wales and Scotland. Two new stores have been opened during the year and one has been relocated. The profit for the year, after taxation, amounted to £216,425
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We will be updating this blog as we receive information on store closures, redundancies, acquisitions etc., so if you wish to stay informed about Walmsley furnishings please fill in your email address in the subscribe box to the right of the SnapShop Blog screen.
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