HBS Realisations Limited (03505063): administration
- Status
- Administration ended
- Administration began
- 2011-12-30
- Formerly
- Hawkin's Bazaar (Shops) Limited
- Incorporated
- 1998-02-05
- Location
- Manchester
- Industry
- 5248
Why it went into administration
- Sustained trading losses
- Funding withdrawn / unable to refinance
- Property / lease costs
From the administrators' statement
2.1 The principal trading activity of the Compames was wholesale and retail of novelty toys and gifts under the brand names Hawkin’s Bazaar, Tobar, Letterbox, Stocking Fillers and Something Personalised
2.2 Tobar operated a wholesale business from the Companies’ head office and employed approximately 107 staff LBT also operated a transactional website, together with a retail unit 1n Wandsworth, London.
23 Hawhkin traded from 122 permanent and temporary stores nationwide and employed over 1,400 permanent and temporary staff. A total of 52 stores were operated on temporary short term contracts, opening in October/November and closing December/January 1n order to maximise sales during the peak Christmas season. The temporary stores were generally managed by staff on fixed term contracts. Hawkin also operated concessions in five House of Fraser stores and a transactional website
Administrators' statement of proposals (2012-02-27) · Companies House register