After last week’s announcement that it was operating in administration, UK retailer Red Dog Music has now gone under.
Following the appointment of Stuart Robb and Julien Irving of Leonard Curtis Business Rescue & Recovery Limited as joint administrators the company has ceased trading with immediate effect.
Stuart Robb said: “The Joint Administrators, having assessed the company’s financial position, have taken the decision to cease trading with immediate effect.
“Our efforts will now be focussed on providing the affected employees with the appropriate support whilst seeking to maximise realisations for the benefit of the company’s creditors. There remains an opportunity to acquire the company’s remaining assets, which include a strong brand and online presence.”
The dealer was formed ten years ago by former Sound Control and Turnkey staff and was quick to embrace the potential of online retailing, setting an online store in October 2008. In 2013 it opened a showroom in London shifting the focus to high end studio equipment. A link-up with Leeds-based Production Room in 2016 saw it further cement its positioning in the thriving pro-audio market.
For more information contact Leonard Curtis on 0141 212 2060
