Braintree: Motorcycle shop enters administration (From Braintree and Witham Times)
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Braintree: Motorcycle shop enters administration
8:27am Tuesday 7th August 2012 in News
Braintree: Motorcycle shop enters administration
A motorcycle clothing and parts shop's future is in doubt after the company owning the chain entered administration.
Hein Gericke, which is situated on the Galleys Island retail park, between Millennium Way and the A120 in Braintree, is one of 49 branches of the chain in the UK.
The UK arm of the German-owned business was placed into administration last week.
A spokesman said: “Due to difficult trading conditions Hein Gericke UK is now trading in administration whilst the future of the UK operation is determined and hopefully secured.
“The UK administrators, Moorfields Corporate Recovery, are looking to here from interested parties and are currently marketing the business.”
The store is currently advertising a closing down sale, where all stock must go.
Administrator Simon Thomas said: “I am confident the business model has a lot of potential with a dedicated customer base and staff who are obviously passionate about working for the company.”
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