Beale Limited (02755125): administration
- Status
- Administration ended
- Administration began
- 2020-01-20
- Administrators
- William James Wright, Christopher Robert Pole
- Administrators' firm
- Interpath Advisory
- Formerly
- Beale PLC; JEB PLC; Beale PLC
- Incorporated
- 1992-10-12
- Location
- London
- Industry
- 70100 Activities of head offices
Why it went into administration
- Property / lease costs
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
The Company was the holding Company for JEB, which was incorporated on 12 October 1992 and operated department stores in market-towns selling furniture, fashion, toys and cosmetics. Whilst JEB had a transactional online website, the majority of the sales were
through its network of 23 departments stores, selling a mix of own bought and concession products.
The Company was a listed plc until it was privatised in 2015. In October 2018, the Company completed a Management Buy Out (MBO) with the shares held by Portnard Limited and related companies being purchased by Brown Retail Holdings Limited, a company wholly owned by Anthony Brown, the CEO of the Group.
Administrators' statement of proposals (2020-03-23) · Companies House register