Retail bead business fails after founder wins entrepreneur award.
Jewellery business Lebeado has gone into liquidation, leaving behind debts of £749,343 to unsecured creditors according to documents filed with Companies House.
The business, which was set up by Jill Watkin and her daughter Kate Watkin, specialised in beads and jewellery-making equipment and had shops in London, Durham and Newcastle. Lebeado closed all of its shops just before Christmas after going into liquidation.
Newcastle-based accountants Robson Laidler has been assigned to handle the winding up of the business.
The collapse of the business comes less than four months after Kate Watkin was named Entrepreneur of the Year at the Everywoman Retail Awards. Watkin is the daughter of Northeast serial entrepreneur Karl Watkin.
Lebeado opened its first shop in Durham in 2007 and later expanded into Newcastle a year later and then into London’s Westfield Shopping Centre in August. The Jesmond branch closed last year but a reopening of the shop was planned for the end of October.