Business company liquidation

Scottish Jeweller The Ringmaker Liquidated

Analysis based on 7 articles · First reported Feb 07, 2026 · Last updated Feb 25, 2026

Sentiment

-20

Attention

Articles

Market Impact

Direct

Live prominence charts, article sentiment distribution, and event development timeline available on the NewsDesk Dashboard

Market Impact

The liquidation of The Ringmaker, a long-standing jewellery retailer, signifies ongoing challenges for the high street retail sector in the United Kingdom, particularly in United Kingdom===Scotland. This event highlights the impact of competitive markets and reduced consumer spending on businesses, potentially leading to further closures in the industry.

Jewellery Retail

Event Summary

The Ringmaker, a Scottish-based bespoke jewellery company with stores in United Kingdom===Glasgow and United Kingdom===Edinburgh, has collapsed into liquidation after 40 years of trading. Its parent companies, Holkar Limited and Ninety Four Limited, presented a petition at United Kingdom===Glasgow Sheriff Court to appoint liquidators. The firm, known for engagement and wedding rings, ceased trading on January 13, 2024, due to a difficult trading period and a downturn in sales leading up to and after Christmas. All nine employees have been made redundant. Blair Milne of Azets has been appointed as the joint provisional liquidator to safeguard assets and assist employees with claims to the United Kingdom===Redundancy Payments Service. The company had reportedly been struggling for months, with suppliers and customers unable to get responses regarding bills and invoices.

Key Actions

100 The Ringmaker collapsed into liquidation

90 Holkar Limited petitioned for liquidators

90 Ninety Four Limited petitioned for liquidators

80 The Ringmaker made nine employees redundant

70 Azets appointed as provisional liquidators Holkar Limited

70 Azets appointed as provisional liquidators Ninety Four Limited

60 Blair Milne appointed as joint provisional liquidator Holkar Limited

60 Blair Milne appointed as joint provisional liquidator Ninety Four Limited

Entities Involved

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The Ringmaker

The Ringmaker, a bespoke jewellery firm, has collapsed into liquidation after 40 years of trading, leading to the redundancy of all nine employees and an inability to pay its debts. The company ceased trading on January 13, 2024, due to a difficult trading period and a downturn in sales.

Importance 100 Sentiment -100

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Holkar Limited

Holkar Limited, a parent company of The Ringmaker, has entered liquidation, indicating its financial distress and inability to continue operations. This action was taken after a petition was presented at United Kingdom===Glasgow Sheriff Court to appoint liquidators.

Importance 80 Sentiment -100

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Ninety Four Limited

Ninety Four Limited, another parent company of The Ringmaker, has also entered liquidation, reflecting the overall financial collapse of the jewellery business. This move was part of the process to wind up the business.

Importance 80 Sentiment -100

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Azets

Azets, a restructuring and insolvency firm, has been appointed as the joint provisional liquidator for Holkar Limited and Ninety Four Limited. Blair Milne from Azets is overseeing the liquidation process, assisting employees with claims and safeguarding assets for creditors.

Importance 60 Sentiment 0

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Blair Milne

Blair Milne, a Restructuring and Insolvency Partner at Azets, is the Joint Provisional Liquidator for The Ringmaker's parent companies. He is responsible for managing the liquidation process, including assisting redundant employees and securing assets for creditors.

Importance 50 Sentiment 0

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United Kingdom===Redundancy Payments Service

The United Kingdom===Redundancy Payments Service will assist the nine employees of The Ringmaker with their entitlement claims following their redundancy. Azets will help facilitate these claims.

Importance 30 Sentiment 0

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United Kingdom===Scotland

The Ringmaker, a Scottish-based jewellery company, has fallen into liquidation, impacting the local retail landscape in United Kingdom===Scotland, particularly in United Kingdom===Glasgow and United Kingdom===Edinburgh.

Importance 20 Sentiment 0

+ 3 more entities View on Dashboard

Relationships

Holkar Limited related ↔ The Ringmaker

Ninety Four Limited related ↔ The Ringmaker

Blair Milne related ↔ Azets

Azets related ↔ Holkar Limited

Azets related ↔ Ninety Four Limited

Holkar Limited related ↔ Ninety Four Limited

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