Ingle & Rhode Preparing for Liquidation

29 Jan 2024

Nick O’Reilly and Kyra Harford at MHA have been instructed by the Directors of the well-known ethical jewellery business Ingle & Rhode in the closure of their business. 

The company was incorporated in 2007 and traded from premises at 14 Gees Court (just off Oxford Street) London W1 and via their website. Despite being a successful business for many years, recent rising costs and lower turnover meant that the Directors concluded that, unfortunately, trading should cease on 17 January. The team from MHA are preparing the company for liquidation, which is expected to occur on 7th February 2024. 

The Directors of Ingle & Rhode issued the following statement:

"It is with the heaviest of hearts that we took the decision that Ingle & Rhode should cease to trade. This decision was not made lightly, and we explored every avenue to try to keep the business going. However, in the end, the combined effects of the pandemic, inflation and the economic slowdown have proved too much despite our best efforts.

"First and foremost, we are deeply saddened for our staff, customers, suppliers and investors, all of whom have given us such fantastic support over many years. Nonetheless, we can all be proud of what we achieved together, including being one the first jewellers in the world to offer certified Fairtrade gold, and one of the first jewellers to become a BCorp. Together, we created a pioneering ethical fine jewellery brand that accelerated the adoption of ethical sourcing across the industry."

Source: Ingle & Rhode