# J E Beale Public Limited Company (00120002)

> Why UK company 00120002 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/00120002

- **Status:** Administration ended
- **Administration began:** 2020-01-20
- **Administrators:** William James Wright, Christopher Robert Pole
- **Administrators' firm:** Interpath Advisory
- **Incorporated:** 1912-02-01
- **Location:** London
- **Industry:** 47190 Other retail sale in non-specialised stores

## Why it went into administration

- Property / lease costs
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure

## From the administrators' statement

The Company was incorporated on 1 February 1912 and operated department stores in market-towns selling furniture, fashion, toys and cosmetics. Whilst the Company had a transactional online website, the majority of the Company’s sales were through its network of 23 departments stores, selling a mix of own bought and concession products.

In October 2018 Beale Limited completed a Management Buy Out (MBO) with the shares held by Portnard Limited and related companies being purchased by Brown Retail Holdings Limited, a company wholly owned by Anthony Brown, the CEO of the Group.

JEB had a total of 1030 employees. Of these, 99 were based at the Company’s head office in Bournemouth and the remaining 931 across the various stores.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/00120002/filing-history/MzI2MDQ4MzMyMGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/00120002

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.