# Laura Ashley Holdings PLC (01012631)

> Why UK company 01012631 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01012631

- **Status:** Administration ended
- **Administration began:** 2020-03-23
- **Administrators' firm:** PwC
- **Incorporated:** 1971-05-28
- **Location:** Leeds
- **Industry:** 70100 Activities of head offices

## Why it went into administration

- Sustained trading losses
- COVID-19
- Weak consumer demand
- Shift to online / high-street decline
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Loss of key people
- Competition / price pressure

## From the administrators' statement

Laura Ashley was founded in 1953 by Laura and Bernard Ashley. The Group was an International lifestyle brand specialising in furniture, home accessories, decorating and fashion products.

The Group has retail stores mainly based in the UK, Republic of freland and France, and franchise and licensee

operations located in 25 territories across the world.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01012631/filing-history/MzMwMzkzMTIyNWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01012631

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.