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FRP Advisory appointed Joint Liquidators to Pronuptia Bridal and Mens’ Formal Wear in Chelmsford

14 April 2011

Ascott Trading Limited (Pronuptia Chelmsford), which ceased trading on 29 March 2011, has been placed into liquidation with the appointment on 13 April 2011 of Joint Liquidators Martin Weller and Glyn Mummery of FRP Advisory LLP, the specialist restructuring, recovery and insolvency firm.

The boutique store, situated in Chelmsford, Essex, supplied Pronuptia bridal, bridesmaid and formal mens' wear ranges, as well as creations from leading bridal collection designers such as Sophia Tolli, Alfred Angelo, D'Zage and Trudy Lee.

Commenting on the situation, Martin said: "Further to our instruction on 24 March 2011 and a review of the Company's finances, due to the extent of its liabilities, brought about by the economic downturn, high rent and rates, as well as local competition, it was not feasible to attempt a rescue of the Company and liquidation was unfortunately the only option."

"Following our appointment as liquidators, we will now take steps to realise the assets of the Company for the benefit of creditors."

All four staff have been notified and the Joint Liquidators are providing assistance, where practicable, in the processing of their redundancy claims.

The Liquidators have been liaising with customers to arrange alternative supply of dresses/menswear and obtain refunds of deposits/monies paid where applicable.

The company was able to secure dresses for 10 brides with imminent weddings.

Clients with existing orders should contact Liz Heggs, Senior Administrator, FRP Advisory, on Tel: +44 (0)1708 458 211 or email using the online form below.