Wed, 26 Mar 2014 | ADMINISTRATION
Rowland’s Clothing, the Trowbridge-based seller of clothing for women aged over 55, has entered administration.
Insolvency firm KCBS has been clearing out the head office this week, and while it confirmed that it is acting as Rowland’s Clothing’s administrator no-one was available for comment, the Wiltshire Gazette & Herald reported.
At its Bath store, an employee was unable to say if it was still open for business. She said: “I am not able to say anything at all.” The company website has been taken offline.
Rosemex Trading, a subsidiary of New World Private Equity, bought the business out of administration in February 2012. Eight members of staff lost their jobs in the process, with the majority of positions retained.
At its peak the business had seven outlets across the South West region with locations including Salisbury, Farnham, Lymington and Bradford-on-Avon, and had 60 employees. It ran mail order and internet-based operations.
The Rowland family founded the business about 30 years ago from a shop in Bath, and later expanded to move its head office and warehouse to Southwick.
At the time of its previous stint in administration, Rowland’s chairman Stewart Cantley said the retailer had shrugged off its debts and had a cash boost of £2 million, to be invested into its own-brand developments for the 55-plus market.
Director David Selby said at the time: “We are very much appealing to the market of women who are over 55, as we don’t feel there is enough out there for them.
“We have been through difficult times and times are still uncertain, but we think we can grow in this market.”
______________________________________________________________________
Related information:
Blissful Daze succumbs to online shopping competition
Ann Summers seeks sale for Knickerbox
Opportunity to acquire a high performing business and long leasehold property operating in the dental and medical sector within London. Offers by: 6 December 2024.
Opportunity to acquire the business and assets of a beverage retailer with stores across England. Offers by: 2 December 2024.
Opportunity to acquire a privately owned Company founded over 40 years ago, operating as one of the leading developers of exceptional residential homes in prime areas of London and Southern England. Offers by 5 December 2024.
25
|
Nov
|
Greengauge chooses employee ownership | BUSINESS SALE
Sustainable building and engineering consultancy Greengauge ...
25
|
Nov
|
Vegan food maker Allplants calls in administrators | ADMINISTRATION
Footballer backed vegan food manufacturer Allplants is seeki...
25
|
Nov
|
Premier Events buy Bristol peer to power growth | BUSINESS SALE
Leicester-based Premier Events has bought Bristol peer PYTCH...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.