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By July 1, 2020 Read More →

AGENDA WEST Business News: they’re taking away the sofa – Harveys Furniture collapses plus news of a Scottish print management firm’s sudden end

Louise Rednapp famously promoted furniture from Harveys Furniture for House Beautiful

Company Rescue has reported problems at Harveys Furniture. The firm said: “Harveys Furniture has gone into administration as it fails to find a buyer. 240 jobs have been immediately lost whilst 1,300 others are at risk.  Harveys’ sister chain, Bensons for Beds was also put into administration, though it was bought out in a pre-pack administration by its private equity owner, Alteri Investors. Administrators from PwC are looking for a buyer, which includes the purchase of its 20 stores and three manufacturing sites. For now, its stores continue to trade but those in the industry believe a buyer is unlikely to be found.”

Glasgow Sheriff Court for print firm

Trade publication Print Week has reported that Glasgow-based Print Squared, which traded as More Print Management, has had a provisional liquidator appointed by Glasgow Sheriff Court.

Writing on the publications website Jo Francis said: “Blair Nimmo and Alistair McAlinden of KPMG have been appointed as joint provisional liquidators at the company. Print Squared director Kevin McGechie was also the majority shareholder in the business, which was established in 2004. The firm filed abbreviated accounts and its last filing, for the year to 31 March 2019, shows creditors of more than £2m and shareholders’ funds of £234,626. It had £164 in cash at hand at the balance sheet date. The Royal Bank of Scotland holds a charge over the firm’s property on Eagle Street.”

On its Facebook page the company states: “We have assembled a network of UK and international partners who have been vetted and audited and who understand the precision and quality that our clients have come to expect.”

The More website has been taken down for ‘maintenance’ said Jo Francis.

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For details for the work of the journalist Harry Mottram visit www.harrymottram.co.uk

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