Gloving in yeovil
Leslie C Watts
Glove Manufacturer of Preston Road
A real mystery - despite extensive searching the only clue I have that this company ever existed is the advertisement, illustrated below, for Leslie C Watts, glove manufacturer of Preston Road, from a book dated 1931 entitled "In and Around Yeovil and Sherborne".
However it would appear that Leslie Charles Watts, glove merchant of 'St Chads', Preston Road, was declared bankrupt in 1932.
Glove Merchant's Failure
Deficiency of £5,358
The public examination took place at the Yeovil Bankruptcy Court yesterday (Thursday) before the Registrar (Mr CJPC Jowett), of Leslie Charles Watts, glove merchant, of 'St Chads', Preston Road, Yeovil.
Debtor's statement of affairs showed gross liabilities of £8,689 5s 3d, of which £5,358 12s 7d was expected to rank. There were 114 unsecured creditors, one fully secured creditor for £1,100, four partly secured creditors (£3,025 18s 6d). Assets were estimated to produce £87 9s 8d from which was deducted £18 0s 4d, creditors for preferential rates, taxes, etc. leaving a deficiency of £5,358 3s 3d.
The causes of failure alleged by debtor were excessive cost of advertising which did not result in the expected increase in turnover, and the failure, during the last two years, to buy in the best markets.
After debtor had been examined at length by the Official Receiver, the examination was closed. An extended report of the case appears in our Yeovil edition.
At the present time nothing further is known so if anyone can offer any more information I'd be really grateful.
This advertisement appeared in a book from 1931 entitled "In and Around Yeovil and Sherborne". The following year Leslie Watts was made bankrupt blaming, in part, the excessive cost of advertising which did not result in the expected increase in turnover.