I found this on the front page of 'Music Week' dated October 15th 1983:
"LONG-ESTABLISHED record wholesaler Lugton & Co suspended all dealings and is now in the hands of its bank's receiver and managers.
The 82-year-old limited company is waiting for the bank's team to complete its investigation into the status of stocks; further despatch of orders and acceptance of deliveries may then be authorised.
Lugton's MD Walter Ficker told 'Music Week' that he could not say when business would continue, but that the receiver would welcome contact from any individual or company which would be interested in an involvement with all or part of the Lugton's operation.
Ficker, who has himself been in the business for over 50 years and has co-directors with more than 30 years in record distribution, added: "We are not just throwing in the sponge, but it is impossible to say just at present how things will be resolved. My twin concerns at the moment are the excellent staff here, and securing continuity of supplies."
... and this letter on page 16 of the December 10th 1983 edition:
“I WOULD like to use your columns to express my appreciation for the truly genuine words of sympathy that have been expressed by so many of our customers since the news of the closure of Lugtons was announced.
My colleagues and I have been quite overwhelmed by the kindness of our many customers, the manufacturers and other friends in the industry, My sincere thanks to everyone for their past support, for the pleasure of knowing so many nice people, and not least their kindness and understanding during this trying period.”
WALTER COLLINS, director, Lugton & Co., Cross Lane, London N8.
"LONG-ESTABLISHED record wholesaler Lugton & Co suspended all dealings and is now in the hands of its bank's receiver and managers.
The 82-year-old limited company is waiting for the bank's team to complete its investigation into the status of stocks; further despatch of orders and acceptance of deliveries may then be authorised.
Lugton's MD Walter Ficker told 'Music Week' that he could not say when business would continue, but that the receiver would welcome contact from any individual or company which would be interested in an involvement with all or part of the Lugton's operation.
Ficker, who has himself been in the business for over 50 years and has co-directors with more than 30 years in record distribution, added: "We are not just throwing in the sponge, but it is impossible to say just at present how things will be resolved. My twin concerns at the moment are the excellent staff here, and securing continuity of supplies."
... and this letter on page 16 of the December 10th 1983 edition:
“I WOULD like to use your columns to express my appreciation for the truly genuine words of sympathy that have been expressed by so many of our customers since the news of the closure of Lugtons was announced.
My colleagues and I have been quite overwhelmed by the kindness of our many customers, the manufacturers and other friends in the industry, My sincere thanks to everyone for their past support, for the pleasure of knowing so many nice people, and not least their kindness and understanding during this trying period.”
WALTER COLLINS, director, Lugton & Co., Cross Lane, London N8.