Ingle and Rhode to enter liquidation
The team from MHA are preparing the company for liquidation, which is expected to occur on 7 February 2024
Ethical jewellery business Ingle and Rhode has announced that the business is preparing for liquidation as a result of recent rising costs and lower turnover.
The company was incorporated in 2007 and traded from premises at 14 Gees Court (just off Oxford Street) London W1 and via their website.
The team from MHA are preparing the company for liquidation, which is expected to occur on 7 February 2024.
Nick O’Reilly and Kyra Harford from MHA have been appointed to the case.
A statement from the directors of Ingle and Rhode said: “It is with the heaviest of hearts that we took the decision that Ingle and Rhode should cease to trade. This decision was not made lightly, and we explored every avenue to try to keep the business going.
“However, in the end, the combined effects of the pandemic, inflation and the economic slowdown have proved too much despite our best efforts. First and foremost, we are deeply saddened for our staff, customers, suppliers and investors, all of whom have given us such fantastic support over many years.”
They added: “Nonetheless, we can all be proud of what we achieved together, including being one the first jewellers in the world to offer certified Fairtrade gold, and one of the first jewellers to become a BCorp. Together we created a pioneering ethical fine jewellery brand that accelerated the adoption of ethical sourcing across the industry.”
