I’m not sure how many forum members will have heard of Hattons, a classic toy and model train specialist shop that used to advertise in ME many years ago. After nearly 80 years, they are closing.
https://www.hattons.co.uk/newsdetail?id=1498
Neil
- The company is NOT insolvent. The company is being wound down in an orderly fashion, leaving no outstanding debts.
- Changing market conditions have had a large impact on the business, we have seen this in declining customer numbers, changing customer demographics and supply chain disruption.
- Increased cost of compliance has become a large factor. Brexit, GST and other operational costs of running an international business have all increased dramatically over the past few years.
- We do not have an exact date for closing down as of yet. We will be communicating this in the coming weeks.