Alexon Group PLC (00431265): administration
- Status
- Administration ended
- Administration began
- 2011-09-29
- Administrators
- William James Wright, Howard Smith, Colin Michael Trevethyn Haig
- Administrators' firm
- KPMG
- Formerly
- Steinberg Group P L C
- Incorporated
- 1947-03-17
- Location
- Birmingham
- Industry
- 7415
Why it went into administration
- Property / lease costs
From the administrators' statement
Alexon Group Ple was incorporated on 17 March 1947 and was the ultimate holding Company of Alexon Holdings Limited Alexon International Limited and a number of dormant subsidiaries No physical assets wete held in Alexon Group Ple and all assets sold as part of this pre-packaged sale were held in Alexon International Limited Alexon Group Plc 1s the ultimate group parent company
As at 30 July 2011 the Group had 77 leasehold standalone retail outlets in the UK and 901 UK concessions with a further 170 outlets / concessions across Ireland, Belgium and Germany The Group had 2,865 employees including part-time retail staff In addition to this they also operated out of approximately 20 Garden Centres across the UK
The business was funded by Barclays Bank through three facilities totaling £15 44m The facilities were across the Group and were subject to cross guarantee security
Administrators' statement of proposals (2011-11-25) · Companies House register