STRUGGLING coffee chain Beanscene have filed for liquidation with proceedings due to begin as early as next week.
The chain had, according to their last set of accounts, accumulated losses of £171,000 as of December 31st 2012.
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Branches of Beanscene are now likely to cease trading next week.
The company was successful for several years after its creation, establishing 16 coffee shops around Scotland and posting a turnover of £4.2million but has struggled in recent years and went bust for the first time in 2008 with debts of £3.7million.
Controversy then followed when founder Gordon Richardson was investigated by the government’s Insolvency Service.
The two-year probe found that before the firm went bust the businessman secretly transferred £189,000 from Beanscene accounts to pay off loans to another company - money which should have gone to creditors. As a result Richardson was banned from running a company for six years.
However current owner, Newton Mearns based Stuart McKenzie, has struggled to turn the ailing company’s fortunes around.
Solicitors for the company have lodged a petition with Paisley Sheriff Court asking that the firm be wound up.
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