We thank you for your patience at this time. "We are working tirelessly to reopen our stores and we will be contacting all of our customers as soon as we are able, to update them on the current status of their repair and the next steps. "Please be assured that all repairs that have been left with us have been stored securely during this period. "We would like to apologise to all of our customers who have been affected by the recent short notice closure of all In-Time stores and the ceased trading across our business. "We look forward to seeing you and can't wait to welcome back our existing and new customers. In a statement posted on its website, In-Time said: "We are very excited to announce that In-Time Watch Services Limited is reopen for business from Thursday 4th January 2023. "It’s a pleasure to be able to secure the future of the business and its employees who will ensure continuity of service for its customers as part of Timpson." "The quality of the brand and its customer base ensured that there was strong interest in the business from potential suitors, including a British institution in Timpson. Band replacement can be as low as 20 for a simple leather band, but a platinum band could run you 500. A few examples: For low to medium end watches battery replacement is only about 8 to 10 higher end watches could go as much as 50. Mr Rowley said: "This deal represents a positive outcome for a long-established retail business that has faced into a range of challenges linked to the pandemic and post-Brexit trading conditions. Often the more expensive the watch the more expensive the repair. "35 shops across the UK focussed on watch and jewellery repairs, and 110 amazing people who I’m proud to now have as colleagues." Writing on Twitter, CEO James Timpson said: "A big welcome to our new colleagues from In Time who joined the Timpson family yesterday. On their appointment they secured a pre-pack sale of the company to Timpson.įRP said that "declining sales linked to unforeseen kiosk closures as well as increased material and import costs had impacted the business’ cashflow and its ability to trade". Geoff Rowley and Tony Wright of specialist business advisory firm FRP were appointed as joint administrators for the business on Thursday, January 5. The value of the deal has not yet been confirmed but FRP have said no redundancies were made. READ MORE: Click here to sign up to the BusinessLive North West newsletter Proud of our Swiss heritage and modern British design, we are forever inspired by our commitment to excellence since 1895. In Time, which has its head office in Southport, has been trading since 1981 and had previously operated around 50 branches. The Manchester-headquartered company has acquired 35 shops and taken on 110 new employees. Timpson has rescued watch and jewellery repairer In-Time which collapsed in the days running up to Christmas.
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