The future of M & Co’s stores (nearest Launceston) is uncertain after the company went into administration.
On December 9, the directors of M&Co Trading Limited resolved to place the company into administration, and appointed Teneo Financial Advisory Limited as Joint Administrators.
Administrators are investigating the possible sale of the business.
Moneysaving Expert advises:
You can continue to buy goods and place orders online; currently all new and existing orders will be delivered as normal.
But be warned: if you place an order or want to return an item and M&Co stops trading in the meantime, you may be left out of pocket.
M&Co’s new rules on refunds apply regardless of whether you purchased items before it went into administration on 9 December:
- If you bought your item online, you will receive a full cash refund if it’s in original condition. You have 14 calendar days to notify M&Co you want to do so, and another 14 days in which to return goods.
- If you bought your item in-store, you will only be able to exchange it for another item of the same value. You have only 14 calendar days to return it.
There is more information on the Moneysaving Expert site.