The chain had been in enterprise since 1985.
The retailer has closed its shops within the UK (Picture: Getty)
A bespoke jewelry chain has closed its excessive road shops and needed to make all employees redundant after falling into liquidation. The Ringmaker, which has two websites in Glasgow and Edinburgh, has appointed liquidators to wind up Holkar Ltd and Ninety 4 Ltd, which is the mum or dad firm.
Rumours had been effervescent for weeks that the chain was in bother, after suppliers and prospects reportedly struggled to achieve anybody on the agency. A supply informed The Glasgow Occasions: “Rumours had circulated for some time that the enterprise was in bother. I’d heard suppliers say that once they tried to get in contact, no calls have been being returned and no emails have been being answered. It was simply mounting payments by the appears of it.”
They added: “The jewelry enterprise in Glasgow is so aggressive, prospects simply don’t have the cash to spend like they did in earlier years. It’s actually unhappy to see such a revered agency go bust like this.”
The agency had been making bespoke jewelry since 1985 and dubbed itself “main engagement and marriage ceremony ring designers”.
Blair Milne, joint provisional liquidator at Azets, confirmed that every one 9 employees had been let go.
He mentioned: “The 2 corporations employed a complete of 9 folks, all of whom have regrettably needed to be made redundant, and this course of was instigated previous to our appointment,” studies Birmingham Dwell.
“We’ll assist workers with their entitlement claims to the Redundancy Funds Service and shall safeguard the property of the businesses whereas we prepare their sale in an effort to supply a return to the corporate’s collectors.
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“We have now returned the vast majority of jewelry belonging to prospects of each companies and encourage anybody who has any queries regarding this case to contact the provisional liquidators through the Azets web site.”
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