WMC Retail Partners PLC (00636475): administration
- Status
- Administration ended
- Administration began
- 2019-08-02
- Administrators
- Conrad Alan Beighton, David Craig Griffiths
- Administrators' firm
- Leonard Curtis
- Formerly
- Wellington Market Company PLC; Wellington Market & Property Co PLC; Wellington (Salop) Markets Company Limited
- Incorporated
- 1959-09-04
- Location
- Birmingham
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- Property / lease costs
- Cash flow / liquidity pressure
- Parent or group failure
From the administrators' statement
WMC was incorporated at Companies House on 4 September 1959. Luton was incorporated at Companies House on 10 September 2002 and T&C was incorporated at Companies House on 20 May 1969. Wellington Market can trace its formation as a trading entity back to 1244, when it was established by Royal Charter.
Since its formation, the Group specialised in the operation and provision of traditional markets and retail operations, trading from a number of indoor and outdcor retail sites across England and Wales, as well as the development of a retail and placemaking consultancy, which delivered a wide range of contracts for local authority and private landlords. The Group's markets ranged from traditional stalls, to artisan and themed markets.
The Group's trading sttes were mostly operated under licence/lease or management agreements from land owners, which consisted of developers and local authorities. The Group gradually expanded its operations to become one of the leading private sector retail market operators in the United Kingdom.
Administrators' statement of proposals (2019-09-04) · Companies House register