Linens Direct Limited (02717720): administration
- Status
- Administration ended
- Administration began
- 2017-06-19
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1992-05-26
- Location
- Leigh on Sea
- Industry
- 47510 Retail sale of textiles in specialised stores
Why it went into administration
- Weak consumer demand
- Property / lease costs
- Brexit
- Competition / price pressure
From the administrators' statement
Government/Media scaremongering with regard to Brexit and impact on consumer spending; Increase in competition, both online and retail shops;
Pressure on margins from the reduced value of Sterling;
A significant downturn in high street trade; and
Administrators' statement of proposals (2017-08-24) · Companies House register