- Insolvency Insider UK
- Posts
- Mercer Agencies - Administration
Mercer Agencies - Administration
Mercer Agencies, a Northern Ireland-based wholesale distributor of Christmas and garden ranges across the UK and Ireland, entered administration on 29 November 2024.
The company was hit by cost inflation within global logistics, poor summer weather driving lower than expected sales and wider sector challenges.
Scott Murray and Ian Davison of Keenan Corporate Finance were appointed as joint administrators.
The company has around 200,000 items of stock across approximately 3,000 stock lines. The joint administrators are arranging an orderly wind down of the company to realise this stock.
The Bank of Ireland and NI Growth Loan Fund II General Partner, in Its capacity as general partner of NI Growth Loan Fund II, have registered charges against the company.