JTB Realisations Limited (00288766): administration
- Status
- Administration ended
- Administration began
- 2017-03-24
- Administrators
- Blair Carnegie Nimmo, William James Wright, Stephen John Absolom
- Administrators' firm
- KPMG
- Formerly
- A. Jones & Sons Limited
- Incorporated
- 1934-06-04
- Location
- London
- Industry
- 47721 Retail sale of footwear in specialised stores
Why it went into administration
- Sustained trading losses
- Property / lease costs
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 4 June 1934 and traded from 97 stores and 6 concessions in the UK as well as through the internet. The stores primarily sold own brand and externally branded mens, ladies and childrens footwear as well as accessories.
The Company operated from one head office location in Hinckley, Leicestershire with logistics and warehousing provided through a DHL facility in Hams Hall in North Warwickshire. It had circa 1,050 employees.
The current owners acquired the Company in October 2015 from Macintosh Retail Group. During the year to December 2015, the Group achieved turnover of £84.3 million and an EBITDA pre-exceptional loss of £0.9 million.
Administrators' statement of proposals (2017-04-19) · Companies House register