Schoolwear supplier in administration
A Norfolk school uniform supplier has gone into administration.National Schoolwear Centres has its headquarters just outside Norwich in Ketteringham Hall and has 60 UK stores.
A Norfolk school uniform supplier has gone into administration.
National Schoolwear Centres has its headquarters just outside Norwich in Ketteringham Hall and has 60 UK stores.
The company, which once boasted a turnover of more than £20m a year, has recently been unable to meet financial obligations and is being managed by administrators.
Five members of staff from a team of about 20 have already been made redundant. One of the 60 franchised stores across the country, is in Ber Street. Norwich.
It is hoped a buyer will be found for the business but if not it will be closed in the coming months.
David Hudson of Begbies Traynor, based in London, confirmed the company was in “administrative receivership” but said it was unlikely the separate franchised stores would be affected.
Most Read
- 1 Daughter's 100-mile charity pledge for father who died of cancer
- 2 A11 closure to continue as roadworks finally begin
- 3 Country park to host jubilee picnic with street food, Pimm's and cream teas
- 4 Pro dancer transforms Norfolk barber's shop into a new pilates studio
- 5 Heritage railway plans running days to celebrate Queen's Jubilee
- 6 Drivers face delays on A11 - and the bulk of the work has yet to begin
- 7 Two lorries and two cars involved in crash on A11
- 8 Can you answer these 10 GCSE questions designed for 16-year-olds?
- 9 Campaigners write to government over pylons plan
- 10 Recessions, a fire and a pandemic: Landlords look back on 20 years at pub
He said: “The company is insolvent and the bank has approved it going into receivership. It was not making sufficient funds to continue and unable to meet requirements from banks and creditors. We have no exact financial details at this stage because we have only just taken over and are looking into what happened.
“The other centres across the UK should not be affected because they are separate profit-making centres.
“We will be asking for companies to come forward to buy as a going concern and we hope the assets can be bought.
“But as far as we are concerned it is just the HQ that is affected.”