# Lazy Jacks Yachtwear Limited (04737823)

> Why UK company 04737823 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04737823

- **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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04737823/filing-history/MzUwMDkxMzMzNGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04737823

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