Administration
This coverage explores retail administrations and insolvencies within the UK market, examining the circumstances, decisions, and consequences for businesses, employees, and creditors. Reporting highlights notable cases, restructuring efforts, store closures, and leadership actions aimed at recovery or winding down. Designed for executives and managers, it offers insights into risk, resilience, and lessons from commercial failures.
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Apr- 2018 -3 AprilHigh Street
Conviviality may face legal action from investors
Investors in Conviviality are considering the possibility of legal action against the board of the company amid claims they were misled over its financial health. According to The Times, the rapid demise of the drinks retailer has provoked suspicions about when the board first had concerns over its trading and…
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3 AprilEconomy
21,000 retail jobs lost or threatened so far this year
Over 21,000 jobs have been axed or put at risk in the first three months of the year as retailers struggle to break even. A Press Association analysis revealed that 21,413 staff members have already been made redundant or had their role threatened, with the majority being from large high-street…
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Mar- 2018 -29 MarchHigh Street
Conviviality administration announcement puts 2500 jobs in danger
Bargain Booze owner Conviviality has announced plans to file for administration within the next two weeks, after failing to secure a proposed £125m fundraising bid to avert bankruptcy. The unexpected £30m tax bill led to a suspension of the off-licence retailer’s shares on the junior market and the cancellation…
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28 MarchGovernment
Dominic Chappell banned from company directorship for 15 years
Former BHS owner Dominic Chappell has been disqualified from running or controlling any company for up to 15 years. A spokesperson for the Insolvency Service said: “We can confirm the Insolvency Service has written to Dominic Chappell and three other former directors of BHS and connected companies informing them that…
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23 MarchHigh Street
Toys R Us founder dies aged 94
The founder of Toys R Us, Charles Lazarus, has died aged 94, after a period of declining health. He founded the company and began selling toys 1957, after he returned from military service in the Second World War. The toy retail firm has issued the following statement: “There have been…
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14 MarchHigh Street
3,000 Toys R Us jobs to go as it confirms ‘controlled store closures’
All UK Toys R US stores are poised to shut down after administrators failed to find a buyer, resulting in a store closure programme and a possible 3,000 job losses. Toys R Us appointed Moorfields Advisory partners Simon Thomas and Arron Kendall to oversee an administration at the end of…
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9 MarchDIY
Countrywide farmers enters administration putting 735 jobs at risk
A buyer is being sought for retailer Countrywide Farmers, which has gone into administration putting 735 jobs at risk. The Worcestershire based supplier of agricultural goods, which employs more than 700 people and has 48 stores, has appointed administrators from KPMG to handle the sale of the business. According to…
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Feb- 2018 -28 FebruaryElectrical
Maplin and Toys R Us go into administration
Toys R Us and Maplin have both entered administration today, as last minute attempts to save the retailers collapsed. Toys R Us was facing a £15m VAT bill, however poor sales has meant it was unable to pay the debt. All of toy retailer’s 106 stores will continue to trade…
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28 FebruaryElectrical
Maplin and Toys R Us set to go bust today
Maplin and Toys R Us are reportedly facing collapse today (28 February) after failing to secure buyers. Maplin employs 2,500 staff across its 200 stores in the UK, while Toys R Us employs 3000 staff in its 106 stores. The American owner of Toys R Us filed for bankruptcy last…
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27 FebruaryElectrical
Maplin rescue talks falter as deadline approaches
Maplin is rushing to find new capital to save it from falling into administration, with talks with a potential buyer stalling. According to Sky News, the electronics retailer is locked in talks with its potential buyer Edinburgh Woollen Mill (EWM) – the high street empire that includes Jaeger and Dorothy…
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