Pic: Google Maps
ICSM Business News: Scotland’s largest shopping centre enters administration as its owner goes bust – plus a list of all the retailers who have crashed this autumn
By Harry Mottram: With 150 shops, an ice rink, a cinema and several restaurants East Kilbride with its 1.2 million square feet of retail space is a popular shopping destination in Scotland. Its owners Sapphire have gone bust forcing the shopping centre to enter administration with Blair Nimmo and Alistair McAlinden of Interpath Advisory appointed joint administrators last week at the Court of Session in Edinburgh.
The Daily Business Group reported Mr Nimmo, chief executive of Interpath, as saying: “While the challenges facing the UK retail sector are well known, the East Kilbride Shopping Centre has remained a popular shopping and leisure destination and continues to attract well-known names including the likes of Matalan which opened its new store earlier this month.”
Interpath are tasked with maintaining business in the run up to Christmas and looking to marketing the centre to seek a sale of the retail complex in the New Year.
Traditional retailing has been hit by what some have described as a perfect storm. Business rates have yet to be reformed, interest rates have pushed up the cost of borrowing, inflation is in double digits and Covid lockdowns accelerated the public’s taste for shopping online.
Recent casualties in the retail and wholesale sector as compiled by ICSM includes:
ADMINISTRATORS APPOINTED
21K FOOTWEAR LIMITED 11758899
COUNTRY PRODUCTS LTD 04720486
BLUECHIPWORLD SALES AND MARKETING LIMITED 10831431
HELIX FITNESS LIMITED 11963182
TEESSIDE CAR CENTRE LIMITED 11600031
ADMINISTRATION CREDITORS MEETING
AUTORESTORE LIMITED 02354648
CRAFT RETAIL INTERNATIONAL LIMITED 09208171
FOOD INNOVATIONS BAKING GROUP LIMITED 11399845
COMPULSORY LIQUIDATORS APPOINTED S 136
COLOUR CAR SALES LIMITED 10382413
CREDITORS’ VOLUNTARY LIQUIDATION DEEMED IN CONSENT MEETINGS
ACADEMY BIKEWORKS LTD 11289216
ANAMORE FOOTWEAR LTD 12749589
EDA LINGERIE LIMITED 02932011
FASHIONS FOR ALL LTD 11149649
FINOLA'S MEDISPA & BEAUTY CLINIC LTD 10625363
GODFREY SPORTS LIMITED 03633468
LOGWOOD STABLES LIMITED 07355648
M & L TRAVEL ACCESSORIES LTD 08270884
M.A.C. BUILDING PRODUCTS LIMITED 02608680
OFB SUPERMARKET LIMITED 10726843
PURE PRODUCTS LIMITED 05025156
SIMPLY TILES AND BATHROOMS LIMITED 05734486
ZENITH CAR CARE LTD 10538087
LIQUIDATORS APPOINTED
AA MARKET LTD 12169028
A GREAT READ LIMITED 06197795
A-Z WEDDING SERVICES LIMITED 06424884
BUY ANYTHING LTD 13268954
CENTRAL MARKET LTD 11799098
CHAOS FASHION LIMITED 09648553
COMPLETE CARPETS LIMITED 07769270
CONNOISSEUR CLASSICS LIMITED 11857126
C W VEHICLE SALES LIMITED 11254813
DJS RETAIL LIMITED 04415903
DOWSETT MOTORS LIMITED 04780920
FEATHER DRESSAGE LTD 10901516
FURNITURE LOFT LIMITED 09979299
HODGSON SPORTS LTD 11876682
HUDDERSFIELD NURSING HOMES LIMITED 01963535
JTK WHOLESALE LTD 11580058
K & C FASHION TRADING LIMITED 10400769
LONDON PREMIER SOUVENIRS LIMITED 07261717
MALL JEWELLERS (WALSALL) LTD 11961340
M & L TRAVEL ACCESSORIES LTD 08270884
MICKY HAMMOND RACING LIMITED 11847367
NEWLAND RETAIL LIMITED 11841704
OPTIMAL FURNITURE LIMITED 11236189
OXFORD CASUALWEAR LIMITED 12964245
SPARTAN WHOLESALE LIMITED 11861215
STORE RETAIL GROUP LTD 10420718
SWEET PACKS LIMITED 11919787
THE FINE GIFT COMPANY LIMITED 06515925
VP RETAIL LIMITED 11824694
ZENITH MARKETS LTD 11978195
MEMBERS VOLUNTARY LIQUIDATIONS
BORDESLEY GREEN GARAGE (WEDNESBURY) LTD. 03648233
BOURNE CARPETS LIMITED 08705157
HOME AND LEISURE INTERNATIONAL LIMITED 02271158
MERCERS FURNITURE TRADE LIMITED 08585224
PLANET LUGGAGE LIMITED 05544097
PROMENADE CAR PARKS LIMITED 03148489
PETITION DISMISSED
MAHO AGA LTD 12105460
PETITIONS TO WIND UP
A&K MACHINERY LIMITED 12501826
ANYAUTO PART LTD 11117461
FLAWLESS MOMENTS BEAUTY LIMITED 11390153
GIANY JEWELLERS LIMITED 10914911
UK TEXTILE GROUP LTD 08145293
WAYNE FLORIST WHOLESALERS LIMITED 13250084
WINDING UP ORDERS
DURHAM BED AND FURNITURE GROUP LIMITED 13015807
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For details for the work of the journalist Harry Mottram visit www.harrymottram.co.uk