The directors, chief executive Terry Green, FD Harvey Ainley and commercial director Phil Cox, were dismissed last night by administrators Kroll.
A statement read that the now-former directors were ‘keen to assist the administrators as efforts to sell the business continue, and they will fulfil their duties as directors’.
However, Kroll would not confirm reports that the directors would not receive a payoff.
Andrew Pepper, joint administrator of Allders, said that 130 staff would be made redundant from its head office in Croydon.
‘Unfortunately, it has been necessary to make some head office staff redundant, which was necessary to reduce clear overstaffing at Allders’ headquarters,’ said Pepper. ‘It is always regrettable to make any redundancies but, when also taking into consideration those employed in the concessions, this is a business employing approximately 10,000 people and it is necessary to take some tough decisions in order to provide the best chance for the company as a whole.’
No further redundancies are planned across its 5,700 employees across 45 stores, Kroll added, and discussions are still ongoing for its sale as a going concern.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016