Teneo Financial Advisory appointed administrators of Middletons Mobility
Teneo Financial Advisory Limited (Teneo) has been appointed administrators of mobility retailer Middletons Mobility, a specialist in recliner chairs, adjustable beds and mobility scooters which has now ceased trading.
Matt Roe and Richard Hawes were appointed Joint Administrators to manage the affairs, business and property of Middleton Mobility on 16 January 2023.
The Joint Administrators act as agents of the company and contract without personal liability, according to Teneo, and they have been authorised by the Institute of Chartered Accountants in England and Wales.
Following the appointment of the Joint Administrators, all 17 Middletons Mobility stores are now closed “indefinitely”, resulting in 71 redundancies.
Matt Roe, Joint Administrator at Teneo, said: “The company has been experiencing trading difficulties since expanding its store network prior to the impact of COVID-19. Trading has also been affected by the cost of living crisis, as well as supply chain disruption and despite management’s best efforts it has not been possible to save the business.”
Tom Powell, founder of Middletons, said: “I would like to sincerely apologise to all our staff, customers and suppliers impacted as a result of the company going into administration. Like many retailers we have experienced rises to input costs, difficult supply chains and at the same time falling consumer confidence.
“Middletons was unable to adapt quickly enough to these challenging trading conditions or to meet the additional financial demands placed upon it, and so it is also a very sad day personally that nearly 10 years after opening our first store we close the doors for the last time.”
Teneo have stated that all customers with outstanding unfulfilled orders will be contacted in the next 7-10 days. Customer queries should be directed to customers@middletons.co.uk quoting an order number or postcode.
Creditor queries should be directed to Middletonmobility-creditors@teneo.com.
