Dawsons Goes Into Administration

Dawsons Music Enters Administration

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One of the best-known names in the UK musical instrument retail business has gone into administration.

Dawsons Music has six stores across the UK. Located in Manchester, Liverpool, Leeds, Reading, Belfast and Chester, all have been closed since lockdown. KPMG’s restructuring practice have been appointed joint administrators.

Dawsons Music was established in 1898 in Warrington and is one of the oldest retailers of musical instruments in the country. They currently employ 75 staff across its stores all of who’s futures now hang in the balance. They also have an education division which supplies musical instruments and technology to schools, colleges and universities across the UK.

The last 12 months have been difficult for the company. Declining sales and the impact of the Covid-19 pandemic have placed a heavy financial strain on the business. With the lockdown not due to end anytime soon the directors took the difficult decision to appoint joint administrators.

fretwire

The company is continuing to trade online whilst administrators look for a buyer.

https://www.dawsons.co.uk/

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