Woolworths legacy dwindles as Alworths goes into administration
Alworths, the firm set up in the wake of the collapse of Woolworths, has gone into administration.
Neil Bennett and Michael Healy at Leonard Curtis have been appointed as administrators.
Alworths, based in Redhill Surrey, has 17 stores across England, Scotland and Wales which will continue to trade under the control of the administrators.
The retailer was set up in 2009 by former Woolworths head of store and concession development Andy Latham after Woolies collapsed.
The business had recently been acquired by investors from its previous owners. It is thought Retail Acquisitions has taken over the firm.
For the year to December 2010 the business achieved a turnover of £7.5m.
The retail administration is the third this week and comes after menswear chain Officers Club and furniture retailer Easy Living also collapsed this week. Wine retailer Oddbins is also expected to file for administration on Monday after it failed to secure a CVA yesterday.
Neil Bennett, said: “This is a business that operates in a very competitive market that has been badly affected by the recent downturn in consumer confidence experienced on the UK High Street. We are currently continuing to trade whilst we look for a suitable buyer in an effort to secure the business and safeguard job security for its current employees.”