S & T Audio Ltd trading as PMT (Play Music Today) -

S & T Audio Ltd trading as PMT (Play Music Today), a Liverpool-headquartered musical instrument retailer, entered administration on 11 June.

Rick Harrison and Howard Smith of Interpath were appointed joint administrators and said that the company had suffered for years from the same headwinds facing other specialist music equipment retailers — namely rising costs, decreasing margins and the impact of the cost of living crisis on consumer behaviour.

Immediately following their appointment, the joint administrators concluded a sale of the company’s stock to Gear4music Ltd. Unfortunately, all 11 PMT stores have closed, with nearly 100 employees already made redundant. 

Barclays Bank PLC has a registered charge against the company.