Dawsons Music, the historic UK music retailer enters administration.
Administrators, Rick Harrison and Neil Gostelow, from KPMG have been appointed as a buyer is sought.
The Warrington-based music retailer has faced declining sales in the last year, amid the backdrop of a ‘’highly challenging retail environment’’, not helped by the additional strain brought by the COVID-19 pandemic.
According to the Warrington Guardian, the majority of the companies workforce, being around 75 employees, were placed on a leave of absence prior to the administrators’ appointment. Many were placed on furlough and will be contacted over the next few days and weeks around the companies current affairs.
Its six physical stores, in Manchester, Liverpool, Chester, Leeds, Reading and Belfast remain closed, with its online platform continuing operations as options for the company are assessed.
Dawsons Music, around since 1898, is one of the UK’s oldest music retailers. It lives by its philosophy of ‘Run by musicians, for musicians’. As well as specialising in music equipment retail, the company has an educational division suppling music equipment to schools and higher education institutions across the UK and internationally. Equipment includes acoustic, bass, electric guitars, pianos, keyboards, drums, percussion, sheet music books, orchestra instruments and the latest in music technology.
The administrators invite any parties with an interest to acquire the business and/or its assets to get in touch as soon as possible.