BREAKING: Snowdrop Independent Living falls into administration
Specialist mobility aids retailer Snowdrop Independent Living has gone into administration.
The retailer has advised its staff not to turn up to work and it has closed all seven of its stores. Menzies LLP has been appointed as its administrators.
Bethan Evans, business recovery partner at accountancy firm, Menzies LLP, commented to THIIS: “Having suffered financial difficulties and having sought advice from insolvency practitioners at Menzies LLP, regrettably Snowdrop Independent Living Ltd has ceased trading on 30th January.
“All 37 employees have been made redundant with immediate effect. Regrettably, due to the challenging trading conditions, the business was failing to hit its revenue forecasts. We will continue to work with the directors to maximise value for creditors.”
With over two decades in the mobility field, Snowdrop grew from a single shop in Haverfordwest, Pembrokeshire, where it was headquartered, to seven showrooms across the West Midlands and South Wales offering retail, installation and engineering services.
In August 2022, David Morgan, Managing Director of Snowdrop Independent Living, had previously revealed the firm’s future growth plans to invest in the management team, engineering division and reinforce supply chains following industry-wide disruption, with support from the Development Bank of Wales.
The news comes after mobility retailer Middletons, a specialist in recliner chairs, adjustable beds and mobility scooters, entered into administration in January 2023. Pointing to the reasons for it falling into administration the firm stated that it had experienced rises in costs, difficulty with its supply chain, and a fall in consumer confidence due to the current economic climate.
