Rett Retail Limited (02957121): administration
- Status
- Administration ended
- Administration began
- 2013-06-28
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1994-08-10
- Location
- Preston
- Industry
- 47710 Retail sale of clothing in specialised stores
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Over-expansion / investment not recovered
From the administrators' statement
Creditors of the Company have already been provided with information concerning the pre-packaged sale by correspondence dated 5 July 2013, a copy of which is attached at Appendix 2 for ease of reference and a further summary ts provided below The following information has been extracted from this letter summarising the Administrators involvement pre appointment
The Company ts a high street retailer (with an online presence) of branded and non-branded clothing It began trading in 1992, when tt opened its first store in The Corn Exchange, Leeds, originally to sell music tickets and fill a gap in the market targeting young shoppers
Rapid growth led to the opening of a second store in York tn 1994, followed by Sheffield, Nottingham, Derby and Manchester In December 2012 the Company decided to open tts latest ARK store in Liverpool
Administrators' statement of proposals (2013-08-19) · Companies House register