Toys "R" US Holdings Limited (01826057): administration
- Status
- Administration ended
- Administration began
- 2018-02-28
- Administrators' firm
- Moorfields
- Formerly
- Toys "R" US Holdings PLC
- Incorporated
- 1984-06-19
- Location
- London
- Industry
- 70100 Activities of head offices
Why it went into administration
- Property / lease costs
- HMRC / tax arrears
- Sustained trading losses
- Weak consumer demand
- Cash flow / liquidity pressure
- Competition / price pressure
- Weather / natural events
From the administrators' statement
A summary of the Opco’s recent trading performance is shown below:
Mgmt Accts Statutory Accts Statutory Accts Statutory Accts 29/01/2017 to 31/01/2016 to 01/02/2015 to + 02/02/2014 to
28/02/2018 28/01/2017 30/01/2016 31/01/2015 13 Months 12 Months 12 Months 12 Months £'000 £'000 £000 £7000 Tumover 401,489 418,251 435,948 437,966 Cost of Sales ‘266,244 254,045. 271,350 277,361 Gross Profit 135,245 164,206 164,598 160,605 Gross Profit % 34% 39% 38% 37% Total Operating Expenses 175,010 164,712 177,970 178,429 Operating Profit (39,765) (506) (13,372) (17,824) Interest 9,477 24,016 18,732 18,752 Profit before tax (30,288) 23,510 5,360 928
Administrators' statement of proposals (2018-04-26) · Companies House register