BusinessCompany NewsPKF appointed as Gadget Shop administrators

PKF appointed as Gadget Shop administrators

PKF has been tasked with selling The Gadget Shop, which has debts of £3m.

PKF has officially been named as the administrator of The Gadget Shop after the company failed to secure a buy-out deal with a listed retailer.

Link: PKF to take on collapsed Gadget Shop

PKF partners Bryan Jackson and Anne Buchanan have been appointed administrators in Scotland, while London-based partners Brian Hamblin and Steve Holgate will handle the practicalities of the English operation.

Addressing The Gadget Shop’s staff at the company’s headquarters earlier today, Jackson said the business would continue to trade as normal while the administrators attempted to sell company as a going concern. Jackson said he had already received a number of expressions of interest.

Chris Gorman, executive chairman of The Gadget Shop said he was confident that a buyer for the business could be found.

‘We have built an exceptional brand in The Gadget Shop. I am confident that a buyer could build on the foundations of that excellent brand and allow the innovation of the business and its products to continue and develop,’ said Gorman.

‘My priority is to work with the joint administrators to ensure that as many jobs as possible are preserved and that suppliers’ future business is protected.’

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