G Realisations 2022 Limited (01026430): administration
- Status
- In administration
- Administration began
- 2022-11-24
- Administrators
- Samuel Ballinger, Andrew Johnson, Christopher Jon Bennett
- Administrators' firm
- FTI Consulting
- Formerly
- Gieves Limited; Gieves & Hawkes Limited
- Incorporated
- 1971-10-06
- Location
- London
- Industry
- 47710 Retail sale of clothing in specialised stores
Why it went into administration
- COVID-19
- Sustained trading losses
- Cash flow / liquidity pressure
From the administrators' statement
The Group is a British tailor, founded in 1771 whose flagship store is located on Saville Row. The business was acquired by Shandong Ruyi in 2017.
The Group is a British tailor with its flagship store on Saville Row, London. Management Accounts Statutory Accounts GL
Hawkes was a military and court outfitter founded in 1771 in London, and Gieves was a £ 9 months ending Year ended naval tailor founded in 1785 in Portsmouth. The two businesses combined in 1974 when 30 September 2022 31 December 2020 Gieves bought Hawkes. Turnover 4,431,463 3,933,574 The Group (comprising GL, GHL, GHIL, and GHIL BVI) was acquired in 2012 from Wing Tai Cost of Sales (1,419,371) (2,236,345) Properties Limited by Trinity Limited, with plans to drive future growth of the business in Gross Profit 3,012,091 1,697,229 Asia. A simplified group structure is set out on the next page. Gross Profit % 68% 43% Trinity Limited is a Hong Kong based entity and operates within the premium fashion and Operating Expenses/ Income (3,145,244) (3,247,939) apparel industry. After listing on the Hong Kong stock exchange in 2009, it was acquired Operating profit/(loss) (133,153) (1,550,710) by Shandong Ruyi, a Chinese textiles and clothi in 2017. , ~
Administrators' statement of proposals (2022-12-13) · Companies House register