# Toys "R" US Holdings Limited (01826057)

> Why UK company 01826057 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01826057

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01826057/filing-history/MzIwMzU2OTIzN2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01826057

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