News
Shooting retailer D. J. Litt’s goes into administration
The gun trade was thrown into turmoil last week as one of the UK's largest retailers of outdoor clothing and sporting accessories, D. J. Litt's, went into administration.
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Richard Hawes and Robin Allen of Deloitte were appointed as joint administrators of D. J. Litt’s (Firearms) Ltd, based in Newport, on 8 May.
Established in 1976, the company had a turnover of £12million and employed 20 people. It also owns a shooting ground in Newport, Gwent.
According to Deloitte, the failure of the company has been “attributed to recent cash flow problems”.
Joint administrator, Richard Hawes, said: “We are assessing the company’s position to secure a sale of the business and assets. We are seeking a buyer for the business as a going concern and interested parties should contact the administrators without delay. For those consumers who might have guns with Litt’s for repair or who have put deposits down on guns, we would urge you to get in contact with us with full details. Please be patient as we are receiving hundreds of calls every day.”
To contact Litt’s administrators, tel 02920 481111 and leave a message with full details of your enquiry.
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