From the administrators' statement

The Company was mcorporated on 15 March 1977 under Company number 01302695. The Company operated a number of shoe stores from leased retail outlets in Kendal, Morecambe and Cleveleys, together with seven concessionary units in stores around the Lancashire area

The Company also owns a building, Yard 34, Market Place, Kendal, LA9 4TN, which is currently leased and being marketed for sale by Michael Hodgson, chartered surveyors and estate agents based in Kendal.

Following a poor period of trading and increasing creditor pressure the director approached an insolvency practitioner to seek advice in relation to a possible Creditors’ Voluntary Arrangement or an admunistration appointment with a pre-packaged sale of the business and assets.

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IAN and Mary Powney Limited (01302695)

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