Be-Wise Limited (01283466): administration
- Status
- Administration ended
- Administration began
- 2016-06-28
- Administrators
- Ryan Kevin Grant, Catherine Williamson, Peter Mark Saville
- Administrators' firm
- AlixPartners
- Formerly
- T.H. Knitwear (Birmingham) Limited
- Incorporated
- 1976-10-27
- Location
- Manchester
- Industry
- 47510 Retail sale of textiles in specialised stores
Why it went into administration
- Creditor pressure / legal action
- Property / lease costs
- Competition / price pressure
From the administrators' statement
Grabal’s primary trading activity 1s the retail of clothing and homeware in the UK, operating under the name Store Twenty One, together with Be-Wise and QS (known as the Grabal Group) The Store Twenty One brand has evolved from the company’s inception in 1932, in which time there was a rapid success and continued growth over the years
The Grabal Group arose as a result of a number of historic acquisitions, specifically Be-Wise and QS During this time the Companies held property leases on behalf of Grabal, allowing them to continue trading from the respective sites Since the historic acquisitrons, the Companies have transferred various leases to Grabal, however 42 stores remained in the Companies’ property portfolio Grabal have continued to undertake general trade from these remaining stores, whilst funding all property related costs
For further information regarding the history of the Companies, including Grabal, please see the Grabal Directors’ CVA proposal which was recently approved at a meeting of creditors on
Administrators' statement of proposals (2016-09-05) · Companies House register