Essential reading for retailers and suppliers in the home improvement market

Alworths calls in administrators

Published: 1 April 2011
Woolies-style retailer appoints insolvency and restructuring specialist Leonard Curtis.
Alworths calls in administrators
Leonard Curtis confirmed to DIY Week that the retailer was placed in administration on March 28. The case is being handled by Neil Bennett and Michael Healy.

The future of the firm has been uncertain since founder Andy Latham stepped down last month. At the time of his departure, Alworths changed its registered address to that of a solicitors in Redhill, Surrey and confirmed that a restructuring of the business was underway.

Speculation of a pre-pack administration has been rife since then. Particularly after Mr Latham was appointed director of a newly-incorporated company, Retail Acquisitions, which bears the address as the same Surrey-based solicitors.

Commenting on the administration Mr Bennett told DIY Week: "This is a business that operates in a very competitive market that has been badly affected by the recent downturn in consumer confidence experienced on the UK High Street.

“We are currently continuing to trade whilst we look for a suitable buyer in an effort to secure the business and safeguard job security for its current employees."

Comments


(Your email address will not be published)
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark

What do you think?


What's the biggest trend you've seen in tiling this year?





Latest reader comments

re: UPDATE: Scotts to sell Solus brands

Lionel Pritchard
Is it possible to purchase a new cover for a Camelot Regency Round Gazebo 3.5 m MochaMany ThanksLionel...

re: Rustins wood filler is a hole lot better!

Marie
I applied rustins wood filler to an interior door jam 24 hours ago and it's still no dry??...

re: Tommy Walsh: 'I'm really proud of my £1 tools'

Stan Russell
I have 4 of your "Dummy Cameras"; bought from the Poundland shop in Leith Edinburgh. I want to buy more but they are not in stock and the ...

re: Bunnings reveals locations of the three further UK pilot stores

Mr kenneth rye
when will the Hemel Hempstead store be open?....

re: Dobbies to close Paisley centre

Alan Eavis
There is probably a good reason for that Jen.Good luck with the job hunting...