L.K. Bennett Limited (02699136): administration
- Status
- Administration ended
- Administration began
- 2019-03-07
- Administrators' firm
- EY
- Incorporated
- 1992-03-20
- Location
- Birmingham
- Industry
- 47190 Other retail sale in non-specialised stores
Why it went into administration
- Creditor pressure / legal action
- Sustained trading losses
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Cyber attack / IT failure
From the administrators' statement
The Company was incorporated in March 1992 with the purpose of carrying on the “affordable” luxury brand founded by Linda Bennett in 1990. The Company's principal activities evolved over time and extended to the design, retail and wholesale of high quality women's clothing, footwear, leather goods and accessories.
In 2008, Linda Bennett sold a 70% stake in the business to Phoenix Equity Partners and Sirius Equity. A further corporate restructuring in 2017 resulted in a change of ownership of the ultimate parent company, Eywood Limited, of which Linda Bennett became the sole shareholder.
bende h Bennett
Administrators' statement of proposals (2019-07-25) · Companies House register