WATT BROTHERS has gone into administration – leaving 22 people employed at the Clydebank store without a job.

Administrators KPMG say Watt Brothers will continue to trade from the Glasgow store, where a stock clearance event will begin on October 19.

And that they had no other option than to make 229 of Watt Brothers’ 306 employees redundant with immediate effect.

This includes 22 employees at the Clydebank store in the Clyde Shopping Centre.

Blair Nimmo, Joint Administrator and UK Head of Restructuring at KPMG, said: "Despite the director's tireless efforts to increase margins, cut costs and recapitalise the business, Watt Brothers continued to incur trading losses as a result of the well-publicised challenges being experienced across the retail sector.”

"Ultimately this has led to the unfortunate demise of a well-known and highly-regarded business.”

"We will be holding a stock clearance event and are grateful to the remaining staff for their efforts and assistance at this difficult time.

"We are working closely with Skills Development Scotland, via their PACE team, and JobCentre Plus to support the staff who have been made redundant."

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“We would encourage any party who has an interest in acquiring the business and its assets to contact us as soon as possible.”

The remaining employees have been retained to assist the administrators to realise the company’s assets, including stock and the freehold property.

Whether an early sale of some of the business and assets can be secured is rapidly being explored.