Joules Limited (02934327): administration
- Status
- Administration ended
- Administration began
- 2022-11-16
- Administrators' firm
- Interpath Advisory
- Formerly
- Originals Limited
- Incorporated
- 1994-05-31
- Location
- London
- Industry
- 46420 Wholesale of clothing and footwear
Why it went into administration
- Supply chain disruption
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The Joules brand was originally founded by lan Joule in 1977 as Joule & Sons. In 1989 Tom Joule acquired 80% of the business from his father, and the Company was subsequently
incorporated on 31 May 1994 as Originals Limited before changing to its current name, Joules Limited in October 2005.
The Company designs and retails clothing for men, women & children as well as footwear, accessories and homewares. The brand has a strong focus on UK rural heritage with its clothing known for being of high quality, durable and fashionable.
Administrators' statement of proposals (2023-01-09) · Companies House register