Tue, 27 Sep 2011 | ADMINISTRATION
The company behind 15 of the UK's Sony Centre stores has entered administration, sending administrators scrambling to find a buyer for the stores.
The electronics retailer Sonex Communications has called in administrators from BDO LLP, who are now running the 15 stores that had been Sonex's responsibility. The 93 Sony Centres that were not under Sonex's operation have not been affected by the administration.
Sonex had been implementing a number of cost-cutting measures over the past year since registering a pre-tax loss of £2.7 million in the year to March 2010. It had withdrawn its Sony Centre concessions from 13 Debenhams stores, but is thought to have fallen victim to a general slow down in high street electronics spending, with people doing more of their electronics buying online.
Sony UK issued a statement on the administration stressing that business was continuing as normal in the stores it operates.
"Sony Europe Limited will be examining options for the business and the stores moving forward, the details of which will remain confidential until a conclusion is reached," the statement read. "In the meantime, all the stores will continue to trade as normal and all product warranties and customer orders relating to Sonex Communications will be honoured."
The company designs and delivers electronic portfolios for organisations that capture and assess evidence for personal, professional, and organisation recognition, internationally. The company creates leading digital solutions that mirror and enhance...
A distributor of oils and ancillary cleaning products to a wide client base, and is not dependent on any one client or market sector. These Items are an essential component to ensure smooth operation of equipment and reduce wear & tear and reduce ope...
The company is an equestrian business comprising a popular retail store, accredited livery and riding facilities and a competitive events operation, operating from an attractive rural location in the East Midlands.
LEASEHOLD
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.