Cuthberts Toys closes St Albans shop after falling £14,000 in arrears

A wide angle shot of the front of Cuthberts Toys store in Christopher Place, St Slbans. Photo: FRASE

A wide angle shot of the front of Cuthberts Toys store in Christopher Place, St Slbans. Photo: FRASER WHIELDON - Credit: Archant

Cuthberts Toys has closed its St Albans branch after becoming insolvent.

A notice posted in the window of Cuthberts Toys. Photo: FRASER WHIELDON

A notice posted in the window of Cuthberts Toys. Photo: FRASER WHIELDON - Credit: Archant

Records from Companies House showed the company had fallen £14,000 into arrears.

Christopher Place manager Catherine Morris said: ”We are deeply saddened by the news that Cuthberts Toys has gone into liquidation, partly the victim of a lack of local support.

“We need to support our independent shops or more will close.”

The shop’s premises at Christopher Place has already been put up for let, and its other branches in Hatfield and Stevenage have already shut.

The frontage of Cuthberts Toys store. Photo: FRASER WHIELDON

The frontage of Cuthberts Toys store. Photo: FRASER WHIELDON - Credit: Archant


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The owners attempted to continue trading by coming to an agreement with its creditors.

However a letter from the company’s insolvency practitioner Peter Wastell read: “The company could only afford to pay £1,000, due to adverse trading conditions, unexpectedly low turnover, and the inability to negotiate more favourable terms with the landlord.”

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