Corporate Insolvency; Thresher Goes Into Administration

First Quench Ltd which owns brands, Threshers, The Local, Wine Rack and Haddows, had to go into administration on Thursday after struggling in the recession.

Richard Fleming, Mick McLoughlin and Ian Corfield of KPMG have been appointed joint administrators to First Quench. KPMG said 81 redundancies had been made at the firm’s head office in Welwyn Garden City, and warned that more jobs were likely to go.

First Quench has 1,202 stores under its various brand names, and employs 6,283 workers.