Discover Leisure, the Yorkshire-based caravan and motorhome retailer, has gone into administration with the 250 staff uncertain to their future. It is anticipated that a number of jobs will be lost.
Last week we blogged that the firm was unable to secure new funds going forward and its shares were suspended. So it is perhaps inevitable that the company ultimately failed.
In a statement, the administrators at KPMG said: “The directors recently sought investment in an attempt to keep the business trading, however, their efforts proved unsuccessful.”
The company has been hit by consumers’ reigning in their spending on large purchases.
If your firm is facing administration and you are uncertain to your rights and whether you might be paid look at our help for employees in insolvency page.
If you supply a business that has entered administration please read our help page for suppliers