Saturday 24 December 2016

Ness Clothing Goes Into Administration

Ness Clothing

Edinburgh-based clothing firm specialising in tartan goods and knitwear has gone into administration.

Ness Clothing, which operates ten stores in Scotland and five in England, announced it had called in administrators BDO on Friday.

A buyer is being sought for the business and it is understood no jobs have been affected.

In a short note on its website, Ness confirmed it had called in James Stephen and William Humphries Tait of BDO to act as joint administrators.

Mr Stephen said: "Notwithstanding the improving sales trend, with like-for-like sales up 12% over the last 12 months the company experienced working capital difficulties.

"Nevertheless, Ness is a unique brand and remains a highly popular shopping destination for its loyal cpustomer base, in towns across Scotland and England and we are confident of securing a sale of the company as a going concern.

"We have already received expressions of interest and we encourage other interested parties to come forward. The company will continue to trade while a sale is explored and all stores will remain open.

"Shoppers are still able to visit their local store for last-minute Christmas shopping and to take advantage of planned post-Christmas sales beginning on Boxing Day."

Ness employs 105 people based in its head office and chain of outlets.

The administrators said they will continue to trade the company with a view to effecting a sale as a going concern, and encouraged interested parties to come forward.

The first Ness store opened in 1997 at 367 High Street in Edinburgh, according to the firm's website.

As well as its 15 main shops in the UK, the brand also has a number of concessions.



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