# Beale Limited (02755125)

> Why UK company 02755125 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02755125

- **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- Funding withdrawn / unable to refinance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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02755125/filing-history/MzI2MDQ4MzU3MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02755125

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