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'Unrivalled' UK clothing company collapses into liquidation after 41 years
Umang Patel of Neum Insolvency was appointed liquidator as the knitwear company closes after 41 years in business.
- Original Blues entered voluntary liquidation on June 4 after 41 years in business, according to The Gazette. Umang Patel of Neum Insolvency was appointed liquidator to oversee the closure.
- Founded in 1985, Original Blues sold "expertly crafted" cotton knitwear, with the company's website describing its products as an "unrivalled range of unique, top quality knitwear."
- Liquidation is "the formal process of closing a business," BTG Begbies Traynor explains. Once complete, the company ceases to exist and is removed from the register held at Companies House.
- Major brands LK Bennett and Claire's closed all stores in April, reflecting a difficult year for the high street as other retailers face widespread financial struggles.
- Beyond retail, four airlines have fallen into administration recently, while businesses like Yodel and Las Iguanas navigate restructuring after having "fallen into financial difficulties.
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16 Articles
The Herald Scotland+14 Reposted by 14 other sources
'Unrivalled' UK clothing company collapses into liquidation after 41 years
UK clothing company Original Blues is set to close after voluntarily entering liquidation.
·Scotland, United Kingdom
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Total News Sources16
Leaning Left1Leaning Right1Center12Last UpdatedBias Distribution86% Center
Bias Distribution
- 86% of the sources are Center
86% Center
C 86%
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