Watt Brothers (Glasgow and Edinburgh) Limited (SC009379): administration
- Status
- Administration ended
- Administration began
- 2019-10-18
- Administrators
- Alistair Mcalinden, Blair Carnegie Nimmo
- Administrators' firm
- KPMG
- Incorporated
- 1915-04-30
- Location
- Glasgow
- Industry
- 47190 Other retail sale in non-specialised stores
Why it went into administration
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company, a fourth generation family owned business incorporated in 1915, operated a chain of department stores selling a wide range of retail products to the general public. Latterly, the Company operated as a discount retailer.
The Company traded from its freehold flagship store on Sauchiehall Street in Glasgow, and a further ten leasehold stores across West and Central Scotland. The Company also leased a warehouse facility located on the south side of Glasgow, which also housed the Company’s head office operations.
At the date of appointment, the Company employed a total of 306 staff across its head office, stores and warehouse.
Administrators' statement of proposals (2020-02-10) · Companies House register