# Republic (U.K.) Limited (04221841)

> Why UK company 04221841 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04221841

- **Status:** Administration ended
- **Administration began:** 2013-02-13
- **Administrators' firm:** EY
- **Formerly:** PL Company 5 Limited; Petroleum Argus (Russia) Limited; P L Company 5 Limited
- **Incorporated:** 2001-05-23
- **Location:** Leeds
- **Industry:** 99999 Dormant Company

## Why it went into administration

- Sustained trading losses
- Funding withdrawn / unable to refinance
- Over-expansion / investment not recovered

## From the administrators' statement

As the table above highlights, Republic experienced rapid growth, particularly in the FYO9 and FY10, with profit before interest and tax peaking at £29 4m in the year ending 31 January 2010

The Companies were acquired by TPG during 2010 and a number of operational and senior management changes were implemented with a view to supporting further growth This included an upgrade of the IT and E-commerce systems, an expansion of the store portfolio and increased head office support functions

However, as a result of the continued challenging economic environment and changing consumer trends, Republic experienced a sharp decline m profits during the year to 29 January 2012, as a result of

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04221841/filing-history/MzA3Nzg5MjgzOGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04221841

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.