# C Bruce Miller & Co Limited (SC033085)

> Why UK company SC033085 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/SC033085

- **Status:** Administration ended
- **Administration began:** 2011-06-02
- **Administrators' firm:** BDO
- **Incorporated:** 1958-05-09
- **Location:** Glasgow
- **Industry:** 5245

## Why it went into administration

- Sustained trading losses
- Competition / price pressure

## From the administrators' statement

The company was incorporated on 9 May 1958 and operated as a music store, music school, book/CD seller, radio/television dealer, coffee shop, newsagent and a pub from its premises in Union Street, Aberdeen. Whilst the company traded well for a large number of years, latterly price competition from online retailers eroded margins to the extent that the business became loss making.

The company suffered a number of years of trading losses which resulted in the company’s bankers requesting the company to commission an independent business review (“IBR") of the business in January 2011. BDO LLP was appointed on 31 January 2011 to undertake the business review which was completed on 18 February 2011. As part of the IBR process, a specialist retail consultant conducted a breif appraisal of the business and provided observations and recommendations to the board from a strategic retail prospective.

The board sought to implement a number of the recommendations from the retail consultant and the BR and closely monitored trading results against their own forecasts. When the business was unable to meet forecasts and losses continued to accrue, the directors took the view that the forecast turnaround plan was not achievable. The directors looked to prevent any further losses and maximise the return to creditors by seeking the appointment of Administrators.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/SC033085/filing-history/MzA0MTk1OTk1NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/SC033085

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.