Palmer Snell, part of the Countrywide Group, has closed two of its branches in the South West of England.
The company’s high street office in Bridport, Dorset, has been closed, with members of staff relocating to offices in Weymouth and Yeovil.
Meanwhile, Palmer Snell’s branch in Winton, Bournemouth, has also closed.
Countrywide, which agreed a new debt deal this week, has been under pressure to consolidate brands and branches to help balance the books.
Catalist Partners, which owns 10.5% of Countrywide, has been among those encouraging the group to look at reducing costs by closing branches.
In August, Robin Paterson, who helps to run Catalist, warned Countrywide that “time is of the essence” when it comes to tacking mounting debts.
Comments (2)
Plenty more CWD Branches across the U.K. have either failed to re-open or been shut completely during 2020 some of which have already been named by other trade websites so this story whilst factually correct is only the tip of the iceberg. By no means the only corporate to close Branches but just two in isolation not where this story should stop.
The Alchemy / CWD PR machine in overdrive spreading doom and gloom to smooth the toxic deal through
The reality is somewhat different . Palmer Snell like other brands under the CWD umbrella have been doing rather well since July.
It certainly seems that CWD would like to give the impression otherwise
A real kick in the teeth for staff where sales in July around 220 have increased to over 360 last week