THE RETAIL BULLETIN - The home of retail news
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
People in Retail Awards 2023
Retail Marketplace Strategy 2023
Omnichannel Futures 2023
Retail HR Central
Digital Transformation Strategy 2023
Customer Engagement Strategy 2023
Retail HR 2023
THE Retail Conference 2023
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
In-Time rescued by Timpson with 110 jobs and 35 shops saved

Watch and jewellery repairer In-Time has been saved by Timpson after collapsing in the days running up to Christmas. The Southport-headquartered company had ceased trading and… View Article

SPORTS & LEISURE

In-Time rescued by Timpson with 110 jobs and 35 shops saved

Watch and jewellery repairer In-Time has been saved by Timpson after collapsing in the days running up to Christmas.

The Southport-headquartered company had ceased trading and announced its intention to appoint liquidators ahead of the deal being agreed

Timpson has acquired 35 shops and taken on 110 new employees.

In-Time has been trading since 1981 and had previously operated around 50 branches.

The value of the deal has not yet been confirmed but FRP have said no redundancies were made.

Geoff Rowley and Tony Wright of specialist business advisory firm FRP were appointed as joint administrators for the business on Thursday, January 5. On their appointment they secured a pre-pack sale of the company to Timpson.

FRP said that “declining sales linked to unforeseen kiosk closures as well as increased material and import costs had impacted the business’ cashflow and its ability to trade”.

Writing on Twitter, CEO James Timpson said: “A big welcome to our new colleagues from In Time who joined the Timpson family yesterday.

“35 shops across the UK focussed on watch and jewellery repairs, and 110 amazing people who I’m proud to now have as colleagues.”

In a statement posted on its website, In-Time said: “We are very excited to announce that In-Time Watch Services Limited is reopen for business from Thursday 4th January 2023.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News