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Retail Spotlight – Walmsley sinks into administration

 

Posted At: 02 September 2011 15:00 PM
Related Categories: Administrations, Retail, Store Closures

 

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.

Walmsely Store Front

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

Region

Store Closure Count

Store Locations

North West

8

Ashton, Blackburn, Burnley, Farnworth, Kirkby, Preston, Runcorn and Skelmersdale

Midlands & Wales

9

Bangor, Coventry, Derby, Dudley, Erdington, Hereford, Stafford, Walsall and Wrexham

North East & Yorkshire

11

Castleford, Grimsby, Halifax, Hartlepool, Huddersfield, Hull, Middlesbrough, Rotherham, Scunthorpe, Sheffield and Worksop

Scotland

5

Airdrie, Dalkeith, Dundee, Irvine and Paisley

Other

5

Basildon, Bedminster, Bracknell, Sittingbourne and Weston

 

 

 

  

 

 

 

 

 

 

 

 

 

 

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

To find more information and view retailers profile on Walmsley’s and many other retailers, you can subscribe to SnapShop with membership starting from only £96 pa.

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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