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Peckham and RYE Limited (SC082175): administration

Status
Administration ended
Administration began
2011-07-14
Administrators
Elizabeth Galbraith Mackay, Anne Clare O'Keefe, Fraser J Gray
Administrators' firm
AlixPartners
Formerly
Cional Limited
Incorporated
1983-03-10
Location
Glasgow
Industry
99999 Dormant Company

Why it went into administration

From the administrators' statement

2.1 Peckhams is a leading brand in Scotland. The Company traded as a delicatessen business, selling fine foods and drinks and having several in store cafes. It was established in 1982 and operated from 11 stores, latterly in Glasgow, Edinburgh and Aberdeen.

2.2 The Company had experienced a number of financial setbacks over the last 18 months, the most influential of all being changes to licensing laws which had a significant effect on turnover.

2.3 The Company took steps to address this by downsizing, and undertook a programme of closures of the least profitable stores in Lenzie, Newton Mearns, Prestwick airport and Union Street, Aberdeen.

Administrators' statement of proposals (2011-09-15) · Companies House register

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Peckham and RYE Limited (SC082175)

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