Hattons closing!, financial or retirement??
Taken from thier website:
“The company is NOT insolvent. The company is being wound down in an orderly fashion, leaving no outstanding debts.
Changing market conditions have had a large impact on the business, we have seen this in declining customer numbers, changing customer demographics and supply chain disruption.
Increased cost of compliance has become a large factor. Brexit, GST and other operational costs of running an international business have all increased dramatically over the past few years.”
An interesting aside, Hattons have a massive advert in all the model railway magazines every month, at least four full pages, frequently more, so this is also a big blow to the major Model Railway magazines.
Well worth checking out if anyone is in the market for glues, materials, paints etc. and Model Railway items, although there is already little stock available of many things.