Clinton Cards PLC (00985739): administration
- Status
- Administration ended
- Administration began
- 2012-05-09
- Incorporated
- 1970-07-30
- Location
- Manchester
- Industry
- 5248
Why it went into administration
- Sustained trading losses
- Property / lease costs
- Parent or group failure
- Competition / price pressure
From the administrators' statement
21 With the exception of Plc, the Companies are non-trading entities They form part of a group which also includes Birthdays Retail Limited (Birthdays) and Clinton Cards (Essex) Limited (Clintons), (together the Group)
22 The Group was the largest specialist retailer of cards, gifts and party products in the UK The business was highly seasonal, and overall results were dependent upon the success of the key trading periods including Christmas, Mother’s Day, Father’s Day, Valentine’s Day, Halloween and the Summer wedding season
23 Birthdays and Clintons were the principal trading entities within the Group and operated as greetings card retailers with over 750 stores across the UK Plc engaged in certain trading relationships (mainly at the insistence of suppliers) and also guaranteed in excess of 200 Clintons leases and six other Group leases
Administrators' statement of proposals (2012-07-03) · Companies House register