Almost 50 jobs have been lost after a music retailer, which was founded more than 120 years ago, entered administration despite part of the business being sold off.
Dawsons Music & Sound was established in Warrington and expanded to operate six stores in Manchester, Liverpool, Chester, Leeds, Reading and Belfast.
Neil Morley and Howard Smith from Interpath Advisory were appointed joint administrators at the start of September.
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Immediately following their appointment, they sold part of the company’s business and assets to Arranged Musical Options.
The business will continue to trade from one store in Chester, as well as retaining its warehouse facility in Haydock.
A total of 18 members of staff have transferred to Arranged Musical Options as part of the sale.
However, due to the closure of its remaining operations, 48 members of staff have been made redundant.
Mr Morley said: "It’s been a really challenging period for Dawsons. The company had continued to experience tough trading conditions, exacerbated by the impact of Covid-19 on high street footfall, even following the easing of lockdown restrictions.
"Additionally, the company was also experiencing supply issues due to the global shortage of silicone chips and the challenges facing international freight and distribution channels.
"Against this backdrop, we’re pleased to have been able to secure the sale of part of the business to Arranged Musical Options Ltd, which will ensure the Dawsons brand continues to trade a retail store and retains an online presence."
