Administrators appointed to Sandcity division of Blacks
Richard Fleming and David Costley-Wood were today appointed administrators to Sandcity Ltd , the boardwear subsidiary of Blacks Leisure Group plc.
Sandcity is a retailer of predominantly boardwear clothing and accessories, operating out of 11 stores branded ‘O’Neill’ across the UK and employs 90 people. All 11 stores are being traded by the administrators and no immediate redundancies have been made. KPMG is seeking a buyer of the business as a going concern.
Richard Fleming, UK Head of Restructuring at KPMG, commented: The outdoor leisure market has become increasingly competitive in recent years and, indeed, the leisure market has been affected profoundly by the recession as consumers rein in discretionary spend to focus on more essential items. The Sandcity boardwear business, operating under the well-known O’Neill brand, continues to trade, however, and we are hopeful of finding a buyer for some or all of the stores.”
Interested parties should contact the administrators as soon as possible on 0161 246 4475. For the purposes of clarity, while Sandcity stores operate under the O’Neill brand, O’Neill is a separate company and is therefore not affected by the administration.
