Copy … Next lifted its profit forecast after better than expected sales over Christmas trading period. "It is anticipated that these stores will continue to trade, running closing down sales for around eight weeks. The Beales department store in Tonbridge is the only one in Kent. Working for Beales was a good experience. The 139-year-old retailer went into administration last month and soon after announced plans to close 12 of its 23 shops. As reported, the future of the department store hands in the balance after administrators were called in on Monday. … By Grace Whelan 7 February 2020 The stores to close are: the Bournemouth flagship (pictured above), Hexham, Worthing, Tonbridge, Peterborough, Mansfield, Keighley, Perth, Spalding, Wisbech, Bedford and Yeovil. In the year to March 2019, Beale Ltd reported a loss of £3.1m, up from £1.3m for the year earlier as costs swelled and sales dipped. There will be no immediate closures and Beales stores will continue to trade, although the website is offline. This website and its associated newspaper are members of the Independent Press Standards Organisation (IPSO). Department chain Beales is to close 12 of its stores after efforts to sell all 23 failed, according to administrators KPMG. The management were helpful if assistance was needed, but they did not over interfere. KPMG's Will Wright, who is the joint administrator to Beales, said: "With the impact of high rents and rates exacerbated by disappointing trading over the Christmas period, and extensive discussions around additional investment proving unsuccessful, there were no other available options but to place the company into administration. The department store has 22 locations across the country, with its flagship store in Bournemouth. I enjoy shopping at Beales in Tonbridge 5. Coronavirus is devastating families across the country. 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Trying to find the right nursery, school, college, university or training provider in Kent or Medway? The 139-year-old business collapsed into administration in … Find Beales in Tonbridge, TN9. We offer fast delivery accross all departments and you'll always get great service whether you buy instore or online. Virgin lists 25 stores it is closing down across UK putting 110 jobs at risk; Read More Related Articles. (Scroll down to view.) 30% OFF. Another major department store faces slumping into administration. The second, in November, a further four weeks. A statement from the joint administrators, KPMG, said, “It is anticipated that these stores will continue to trade, running closing down sales for around eight weeks. Beales in Keighley KEIGHLEY'S Beales store department store is one of a dozen across the UK due to be closed. Beales, which has a string of stores nationwide, including one at Tonbridge's Angel … I used to start work at 10am but when the manager was away I could start at 8am. The Tonbridge reporter at the Courier has been on to me about my TonbridgeBlog post regarding Beales. Investment is sought to deliver a sustainable business model for the future.". Beales, which has a string of stores nationwide, including one at Tonbridge's Angel Centre, has warned it could face collapse unless a buyer is found within days. FranW-31. Based in Sunny Poole on the south coast of England, Beales Department Store has some of the lowest prices in the UK. Beales has gone into administration (Image: PA). Tweet. However, ‘closing down sale’ signs will appear in stores later this week and Beales’ website has been offline since Monday (20 Jan). Beales, founded in 1881, was a public company for two decades until its shares were delisted in 2015. Department chain Beales is to close 12 of its stores after efforts to sell all 23 failed, according to administrators KPMG. Now Beales has filed notice of its intention to appoint administrators. The news means Beales is set to disappear from the site where it was founded in 1881. Video, Bodycam footage shows before and after Nashville bomb, When online meetings didn’t go as planned. Verified and Tested. Failure to find a late rescue deal could see its stores close and the loss of 1,000 jobs nationwide. Find here the offers, phone number and opening times for Beales store on Angel Lane, Tonbridge. The company, headquartered in Bournemouth and which started trading in 1881, revealed before Christmas it was examining its options, one of which was the sale of the company. Beales have confirmed that they have "no intention" to close their St Neots store, as they announce the closure of 12 of their 23 stores. The final 11 Beales department stores are set to shut, putting hundreds of jobs at risk. Beales department store in Perth will be closed down, it has been confirmed. It has been confirmed today that the Bedford branch of Beales will close within eight weeks, despite the joint administrators saying that they are still in discussions with interested parties regarding the sale of the remaining stores. Shop The 48 Hours Sale : Get 30% Off Beales Closing Down Sale. Beales department store in Perth will be closed down, it has been confirmed. If I had an early start I helped the cook get the breakfast up an running and also get the till ready for the day, this entailed entering the morning float on the relevant sheet and logging it into the … Take 5% Discount With Beales Worthing Closing Down Sale For First Order. Beales had tried to secure rent reductions with landlords and was in negotiations with potential investors and buyers. The barely known NCP car park rule that will surprise many drivers; Beales is a British department store institution that has traded since 1881. Here we pay tribute to those who have died from the virus in Kent. The final 11 Beales department stores are set to close marking the end of a business with a history stretching back 140 years. Close to 1,000 jobs could be lost after Beales, which has 22 UK branches, enters administration making it the latest victim of the high street's struggles across the UK Closing down signs at Ashford's Peacocks The first lockdown, ushered in at the end of March, would last for the best part of three months. Beales has announced 12 store closures following the department store’s collapse into administration earlier this month. Beales said it has no intentions to close its remaining 11 … A spokesman for KPMG, the administrators, said: "The joint administrators of the Beales … .css-1xgx53b-Link{font-family:ReithSans,Helvetica,Arial,freesans,sans-serif;font-weight:700;-webkit-text-decoration:none;text-decoration:none;color:#FFFFFF;}.css-1xgx53b-Link:hover,.css-1xgx53b-Link:focus{-webkit-text-decoration:underline;text-decoration:underline;}Read about our approach to external linking. Verified and Tested. Administrators at KPMG said they are continuing discussions with "a … Department chain Beales is to close 12 of its stores - including its one in Westgate, Peterborough - after efforts to sell all 23 failed, according to administrators KPMG. This made for some interesting converstaions and laughs. Was this review helpful? SHOW DEAL. Beales administrators have confirmed that they are preparing to close a number of stores across the UK. The barely known NCP car park rule that will surprise many drivers; Beales is a British department store institution that has traded since 1881. 1000 characters limit. Beales in Worthing is to close "As a result, the joint administrators are now in the process of developing plans with store directors and management teams to implement the closure of 12 stores. VideoWhen online meetings didn’t go as planned, playThe big tech questions for 2021. Earlier this month, it was announced that 12 stores were to be closed including shops in Bournemouth, Hexham, Worthing, Tonbridge, Peterborough, Mansfield, Keighley, Perth, Spalding, Wisbech, Bedford and Yeovil. Such challenges have caused the likes of Marks & Spencer and Debenhams to close stores in order to survive, while House of Fraser recently admitted more of its stores faced closure to ensure its long-term survival. It struggled last year (2019) after its UK retail sales fell for the first time in a quarter of a century. Beales began trading in Bournemouth in 1881 but is now at risk of going bust Yes No. Report. Read more: For the latest business news for Kent, Read more: For the latest news for Tonbridge. wage. Department chain Beales is to close 12 of its stores after efforts to sell all 23 failed, according to administrators KPMG. The hardest part of the job was down to the intense heat in the summer as there was no air conditioning and we were based upstairs with no windows. Sports fashion retailer JD Sports says it expects to report full-year profits at the top end of forecasts. View the latest coronavirus stats including new cases, rolling rate and case rate compared to average. VideoWhen Greta Thunberg met Margaret Atwood... on Zoom. Five dead as earthquake rocks central Croatia, .css-q4by3k-IconContainer{display:none;height:1em;width:1em;vertical-align:-0.125em;margin-right:0.25em;}playBodycam footage shows before and after Nashville bomb. Pros. H&M to close 175 stores across Europe 'including in UK' this year Beales department store goes into administration closing 22 branches and putting more than 1,000 jobs at risk. … But KPMG said: "Despite interest from a number of parties, this process did not secure any solvent solutions for the company, and as a result, the directors took the difficult decision to place the companies into administration.". The stores to close are: the Bournemouth flagship (pictured above), Hexham, Worthing, Tonbridge, Peterborough, Mansfield, Keighley, Perth, Spalding, Wisbech, Bedford and … It added that the remaining stores are expected to trade for around eight weeks while closing down sales take place. Department chain Beales is to close 12 of its stores after efforts to sell all 23 failed, according to administrators KPMG. In the year to March 2019, the company reported a loss of £3.1m, up from £1.3m for … SHOW DEAL. VideoThe big tech questions for 2021, playWhen Greta Thunberg met Margaret Atwood... on Zoom. Beales previously had a store in Maidstone which it closed in 2013. Another major department store faces slumping into administration. Earlier this month, it was announced that 12 stores were to be closed including shops in Bournemouth, Hexham, Worthing, Tonbridge, Peterborough, Mansfield, Keighley, Perth, Spalding, Wisbech, Bedford and Yeovil. The stores to be closed are located in Bournemouth, Hexham, Worthing, Tonbridge, Peterborough, Mansfield, Keighley, Perth, Spalding, Wisbech, Bedford and Yeovil. What's for dinner? Department store chain Beales has collapsed into administration after failing to find a last-minute buyer to … Search for Department Stores near you on Yell. As no offers have been received in respect of selling all 23 stores as a going concern, the joint administrators are now in the process of developing plans with store directors and … Recent data from the British Retail Consortium revealed that retail sales fell for the first time in a quarter of a century last year. Monday, 10th February 2020, 9:10 am. Beales closures: Full list of shops at risk as department store enters administration Beales department stores have gone into administration, putting the future of the 140 year old chain under threat. Read More Related Articles. You may recall that someone claiming to be the Chief Executive Officer of the department store chain posted a comment below the article on Tonbridge shop closures recently. Read More Related Articles. Beales has a store at the Angel Centre in Tonbridge Picture: Google. The Tonbridge reporter at the Courier has been on to me about my TonbridgeBlog post regarding Beales. SHOW DEAL. With a closing down sale now under way, Tony Brown, chief executive for Bournemouth-based Beales, said no jobs would be lost. Plan meals, try new foods and explore cuisines with tested recipes from the country's top chefs. The department store in South Street is among 12 stores across the country to close its doors after efforts to sell all 23 stores together have failed. Cannot recommend as the business closed down in its current form. By Jennifer Logan. It is understood that the safety of 22 stores and a … Always something in there that catches my eye and the items are always good quality. The 139-year-old retailer went into administration last month and soon after announced plans to close 12 of its 23 shops. Verified and Tested. Beales has stores in the following towns and cities: The company's decision to appoint administrators comes at a difficult time for UK retailers. Close to 1,000 jobs could be lost after Beales, which has 22 UK branches, enters administration making it the latest victim of the high street's struggles across the UK Home   Kent Business   County news   Article. BEALES’ flagship Bournemouth branch is to close along with 11 other branches. Independent retail analyst Richard Hyman said it was "no surprise" that Beales had collapsed. .css-1hlxxic-PromoLink:link{color:inherit;}.css-1hlxxic-PromoLink:visited{color:#696969;}.css-1hlxxic-PromoLink:link,.css-1hlxxic-PromoLink:visited{-webkit-text-decoration:none;text-decoration:none;}.css-1hlxxic-PromoLink:link:hover,.css-1hlxxic-PromoLink:visited:hover,.css-1hlxxic-PromoLink:link:focus,.css-1hlxxic-PromoLink:visited:focus{color:#B80000;-webkit-text-decoration:underline;text-decoration:underline;}.css-1hlxxic-PromoLink:link::after,.css-1hlxxic-PromoLink:visited::after{content:'';position:absolute;top:0;right:0;bottom:0;left:0;z-index:2;}Department store Beales warns of collapse risk, Beales boss: 'Councils really don't care', 'Extreme concern' as UK virus cases surge. Share. It added that the remaining stores are expected to trade for around eight weeks while closing down sales take place. Cons. 227 were here. Mr Hyman said department stores were "very expensive to run" and faced "overwhelming" competition from other stores, particularly online rivals, predicting there would be "far fewer of them" in future. It had since been owned by several different private investors. "Over the coming weeks, we will endeavour to continue to operate all stores as a going concern while we assess options for the business, including dealing with prospective interested parties." SHOW DEAL. The final 11 Beales department stores are set to shut, putting hundreds of jobs at risk. A closing-down sale at the crisis-hit Beales flagship store in Bournemouth. (Scroll down to view.) You may recall that someone claiming to be the Chief Executive Officer of the department store chain posted a comment below the article on Tonbridge shop closures recently. Beales announced a closing down sale on its website within days of going into administration, but it was forced to remove any reference to it … Department store Beales to close 12 outlets after rescue talks fail The 139-year-old department chain will close its flagship store – which had remained open after being bombed in the Blitz . 5% OFF. Other stores confirmed for closure include the brand’s flagship property in Bournemouth. Cancel Update. © 2020 BBC. Beales is one of the UK's leading department store chains. Video, When online meetings didn’t go as planned, When Greta Thunberg met Margaret Atwood... on Zoom. Who's buying Dua Lipa, Lady Gaga and 5SOS on tape? As reported, the future of the department store hands in the balance after administrators were called in on Monday. Beales has appointed KPMG as administrators after failing to find a buyer or new investment for the business. The staff are really helpful and friendly submit comment. 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