Aldo UK Limited (04256560): administration and why it failed

Aldo UK Limited (04256560): administration

Status: Administration ended
Administration began: 2020-05-13
Administrators: Phillip Rodney Sykes, Damian Webb
Administrators' firm: RSM
Incorporated: 2001-07-20
Location: London
Industry: 47721 Retail sale of footwear in specialised stores

Why it went into administration

COVID-19
Weak consumer demand
Property / lease costs
Sustained trading losses
Rising costs / inflation
Over-expansion / investment not recovered
Parent or group failure
Brexit

From the administrators' statement

Relevant extracts from the Company's audited financial statements and management accounts are summarised below.

Profit or toss

summary £'000

Administrators' statement of proposals (2020-07-20) · Companies House register

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Aldo UK Limited (04256560): administration

Why it went into administration

From the administrators' statement

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Aldo UK Limited (04256560)