Department store chain Beales formally announced today it had indeed gone into administration. The final collapse of the group came as efforts to either sell itself or raise further finances ended without success.
The company which has a large store on Yeovil High Street has appointed KPMG as administrator. The Leveller® understands that there will be no immediate closures and all stores will continue to trade.
The company website was offline this lunchtime (20th January).
There was no comment from South Somerset District Council which has invested heavily in property and business outside Somerset.