BusinessBusiness RecoveryRetail chain calls in KPMG

Retail chain calls in KPMG

North East of England business suffers from poor trading

Administrators from KPMG have been
called in to retail chain Geo. A. Williams & Son Limited by the company’s
directors.

Mark Firmin and Howard Smith of KPMG restructuring were appointed as joint
administrators by the company’s directors on 2 March 2007.

The Stockton-on-Tees based business
has 13 outlets throughout the UK, predominantly in the North East and Yorkshire,
and has 79 employees.

Despite its long history, the company recently lost money on an internet
venture and experienced poor trading on the high street.

Mark Firmin, KPMG partner and joint administrator said: ‘All stores have
closed and employees have been sent home while we establish an accurate picture
of the current situation. This review will be completed as quickly as possible
to minimise uncertainty for the business’ staff, customers and other
stakeholders.

‘We are keen to speak with any parties interested in buying the business as a
going concern.’

Related Articles

Carillion CFO blew whistle over 'sloppy accounting' months before collapse

Business Recovery Carillion CFO blew whistle over 'sloppy accounting' months before collapse

3m Alia Shoaib, Reporter
Toys R Us UK and Maplin enter into administration after failing to secure buyers

Business Recovery Toys R Us UK and Maplin enter into administration after failing to secure buyers

3m Alia Shoaib, Reporter
How to avoid a Carillion collapse

Business Recovery How to avoid a Carillion collapse

4m Russell-Cooke
Carillion collapse: The week so far and industry reaction

Business Recovery Carillion collapse: The week so far and industry reaction

4m Emma Smith, Managing Editor
Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

Business Recovery Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

4m Emma Smith, Managing Editor
Carillion: PwC appointed as special managers – what happens now?

Business Recovery Carillion: PwC appointed as special managers – what happens now?

4m Emma Smith, Managing Editor
Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

5m Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

5m Emma Smith, Managing Editor