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CW Sellors Files Notice to Appoint Administrators, Seeks Rescue Within 10 Days

The family jeweller cites unanticipated Waters View construction overruns as the key strain.

Overview

  • The notice, lodged on January 12, begins a statutory window to secure an investor or buyer before administrators are appointed.
  • The company says it remains fully operational, serving customers in stores and online and continuing personalised appointments and private viewings.
  • CW Sellors operates five boutiques on the high street in Ashbourne, Bakewell, Matlock, Shrewsbury and Whitby.
  • Waters View near Carsington was marketed last year for about £3.95 million, with Savills engaged to manage a transition to new ownership.
  • Management also points to rising enforced operational costs compounding pressures on the 47-year-old, family-run retailer.