TML Realisations Limited (00340508): administration
- Status
- Administration ended
- Administration began
- 2020-06-30
- Administrators
- Cameron Gunn, Lee Antony Manning
- Administrators' firm
- ReSolve
- Formerly
- T.M.Lewin & Sons Limited
- Incorporated
- 1938-05-20
- Location
- London
- Industry
- 47710 Retail sale of clothing in specialised stores
Why it went into administration
- COVID-19
From the administrators' statement
T.M. Lewin & Sons is a well-known British Menswear brarid with over 120 years’ history. The business first opened in Mayfair in 1898. The London-based menswear retailer had grown into one of the most prominent tailors in the UK and had an annual turnover of over £120m which operated online and from 66 stores.
The Companies brand values are craftsmanship, value for money and attention to detail. The online business had grown quickly accounting for more than 30% of the group’s revenues and with brand well positioned in the 25-34-year-old demographic, capitalising on the growth in smart casual workwear.
In April -2020 the Companies’ owner, Bain Capital Credit LP instriicted Alantra Corporate Finance LLP to secure a buyer for the Companies. As a result of this mandate the Companies were sold to Torque Brands . Group Limited (“Torque Brands’), a special purpose acquisition vehicle owned by Stonebridge Private Equity on 12 May 2020.
Administrators' statement of proposals (2020-09-11) · Companies House register