Founded in 1835 as H Chapman, Moores Jewellers Limited is an established high street jeweller and watch retailer based in the Meadows Shopping Centre, Chelmsford, Essex.
The company was placed in administration to protect the business after a downturn in trading, largely as a result of weaker economic and business conditions.
FRP Advisory, the company appointed to oversee the sale, anticipates a great deal of interest from prospective buyers and will continue to trade the firm on a ‘business as usual basis’ while a buyer a sought.
Partner at FRP Advisory and joint administrator of Moores Jewellers, Glyn Mummery said: “Moores Jewellers is one of the oldest local businesses in Essex, has operated on the high street in Chelmsford for just shy of two centuries and enjoys tremendous amount of goodwill and support from the local community. Firms with such a long tradition and distinct market position are very rare and we anticipate strong interest from prospective buyers who want to acquire a very singular business with excellent potential to capitalise on the expected turnaround in the economy.”