Paperchase Products Limited (03185938): administration
- Status
- Administration ended
- Administration began
- 2021-01-28
- Administrators
- Zelf Hussain, Robert Nicholas Lewis, Rachael Wilkinson
- Administrators' firm
- PwC
- Formerly
- Ladform Limited
- Incorporated
- 1996-04-15
- Location
- Leeds
- Industry
- 47620 Retail sale of newspapers and stationery in specialised stores
Why it went into administration
- Funding withdrawn / unable to refinance
- COVID-19
- Property / lease costs
- Weak consumer demand
- Shift to online / high-street decline
From the administrators' statement
Business operations
The Company operated as a retailer of greeting cards, gift wrap, gifts and stationery (i) from 125 leasehold sites across the UK selling a combination of own brand and branded products; (ii) via concessions operated in a number of department stores including House of Fraser, Selfridges and Fenwicks, and through various Next stores; and (iii) via an ecommerce channel through its own website and Amazon, and wholesale partnerships with Al Maya in the Middle East and Norli in Norway.
The Company also operated a warehouse and distribution centre from a leasehold property in Haldens Parkway (Unit 1A), Thrapston, Northamptonshire NN14 4FR, United Kingdom, with an outsourced distribution service provided by iForce Group to support ecommerce sales. Its head office was formerly located above a trading store on Tottenham Court Road, London.
Administrators' statement of proposals (2021-02-10) · Companies House register