T J Hughes (Properties) Company Limited (04984416): administration
- Status
- Administration ended
- Administration began
- 2011-06-30
- Administrators' firm
- EY
- Formerly
- Beringer SLB Limited
- Incorporated
- 2003-12-03
- Location
- Manchester
- Industry
- 7487
Why it went into administration
- Credit insurance / supplier credit withdrawn
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Parent or group failure
- Sustained trading losses
- Property / lease costs
From the administrators' statement
At the time of the appointments, the Group was regarded as one of the largest department stores in the UK, trading from 56 stores nationally with c. 3,500 employees in total. It traded as a discount retailer selling products with prices up to 70% below RRP.
The Group's head office and management functions were operated from Jeasehold premises at Hughes House, Liverpool, where 129 head office staff were located The Group also had operations at two warehouses in the Liverpool area that held minimal stock.
The original business was founded in 1912, on London Road In Liverpool! The company floated
Administrators' statement of proposals (2011-08-22) · Companies House register