A department store which was once Perth’s premier retail destination was formally dissolved on Christmas Eve.
McEwens of Perth collapsed into administration in March 2016, with the immediate loss of more than 100 retail posts.
The firm’s sudden demise left a huge hole on the high street in Perth and sent shock waves through the wider community. Administrators Tony Friar and Blair Nimmo of KPMG intimated in the autumn that they intended to move to end the formal administration process of McEwens after more than two-and-a-half years.
Documents lodged at Companies House on Monday confirm the business has now been dissolved.
The bulk of McEwens’ landmark building on St John Street is now occupied by Beales, an independent department store chain in its own right.
In September’s final progress report for the period March 24 to September 19, McEwens’ administrators detailed how distributions of approximately £1.08 million had been made to lender RBS under the terms of fixed and floating charges held by the bank.
Preferential creditors received a total of £115,784 but there was no return for unsecured creditors of the firm.