JB Chemists Limited (04160691): administration
- Status
- Administration ended
- Administration began
- 2018-05-31
- Administrators
- Andrew Howard Beckingham, Siann Huntley
- Administrators' firm
- Leonard Curtis
- Formerly
- Minipark Services Limited
- Incorporated
- 2001-02-15
- Location
- Bristol
- Industry
- 47750 Retail sale of cosmetic and toilet articles in specialised stores
Why it went into administration
- Cash flow / liquidity pressure
- Property / lease costs
- Weak consumer demand
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Competition / price pressure
From the administrators' statement
The Company was formed on 15 February 2001 as an amalgamation of the unincorporated businesses of JB Chemists and JB Cash and Carry which had been operating from leasehold premises in Bristol at Penn Street and Feeder Road respectively for some 25 years.
The Company specialised in the retail of beauty and cosmetic products including fancy dress costumes, hair extensions, fashion accessories, handbags and purses, jewellery and perfume.
In 2007, after several years of steady trading, the Company looked to relocate and expand its operations and opened a store in Westgate Street, Bath and shortly thereafter, another store in Kingswood, Bristol, employing about 7 or so staff across both locations. The directors introduced some £300,000 of personal monies into Company by way of an interest free loan in order to provide capital for the expansion.
Administrators' statement of proposals (2018-07-23) · Companies House register