Lazy Jacks Yachtwear Limited (04737823): administration
- Status
- In administration
- Administration began
- 2026-01-16
- Administrators
- Simon Edward Jex Girling, James Bernard Stephen
- Administrators' firm
- BDO
- Incorporated
- 2003-04-17
- Location
- Liverpool
- Industry
- 46420 Wholesale of clothing and footwear
Why it went into administration
- Weak consumer demand
- Supply chain disruption
- Sustained trading losses
From the administrators' statement
LJY 04737823 Limited - (formerly Lazy Jacks Yachtwear Limited) is a clothing brand with headquarters and warehouse based in South Devon and 6 short lease retail outlets in Teignmouth, Exmouth, Looe, Tiverton, Chepstow and Strete.
Gayle Robinson (‘the Director’) founded the business in 2003 and her husband, John Robinson, is 100% shareholder.
The Company had performed consistently up to Covid-19 and with the popularity of staycations turnover peaked at £3.3m in y/e 31 December 2022. It then faced a re-balancing of demand as turnover decreased to £2.7m in 2023 and £2.3m in FY24, resulting in excess stock holdings with ensuing higher debt service cost impacting on profitability and cash generation.
Administrators' statement of proposals (2026-01-27) · Companies House register