BusinessBusiness RecoveryBlacks Leisure arm Sandcity collapses

Blacks Leisure arm Sandcity collapses

Adminstrators from KPMG called in at Sandcity, which has 11 UK stores operating under the popular O'Neill brand

Boardwear retailer Sandcity has gone into administration, becoming the latest
high-street operator to fall victim to the recession.

Sandcity, which employs 90 staff is a subsidiary of Blacks Leisure group, but
operates 11 UK stores under the popular O’Neill leisurewear brand.

Partners from KPMG, Richard Fleming and David Costley-Wood were appointed as
administrators today.

KPMG stressed while Sandcity stores operate under the O’Neill brand, O’Neill
is a separate company and is therefore not affected by the administration.

Fleming, UK head of restructuring at KPMG, said: “The outdoor leisure market
has become increasingly competitive in recent years and, indeed, the leisure
market has been affected profoundly by the recession as consumers rein in
discretionary spend to focus on more essential items.”

All 11 stores are currently still trading and no immediate redundancies have
been made. The administrators are seeking a buyer of the business as a going
concern, KPMG added.

Interested parties should contact the administrators as soon as possible on
0161 246 4475.

Related Articles

EY hired by Carillion to review finances

Accounting Firms EY hired by Carillion to review finances

5m Alia Shoaib, Reporter
Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

Business Recovery Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

9m Emma Smith, Managing Editor
Administrators from KPMG appointed to City Motor Holdings

Business Recovery Administrators from KPMG appointed to City Motor Holdings

1y Richard Crump, Writer
FRP Advisory hires new partner from KPMG

Accounting Firms FRP Advisory hires new partner from KPMG

1y Richard Crump, Writer
Former Torex CEO sues KPMG and RBS

Accounting Firms Former Torex CEO sues KPMG and RBS

2y Richard Crump, Writer
BHS enters administration as Duff & Phelps fail to find suitable buyer

Accounting Firms BHS enters administration as Duff & Phelps fail to find suitable buyer

2y Fraser Simpson, Reporter
PwC questioned over BHS ‘going concern’ audit

Accounting Firms PwC questioned over BHS ‘going concern’ audit

2y Chris Warmoll, Writer
MPs hear from trio of Big Four firms over BHS advice

Accounting Firms MPs hear from trio of Big Four firms over BHS advice

2y Chris Warmoll, Writer