Iris Clothing Limited (05096361): administration
- Status
- Administration ended
- Administration began
- 2020-07-24
- Administrators' firm
- Evelyn Partners
- Formerly
- Iris Fashion Limited
- Incorporated
- 2004-04-06
- Location
- London
- Industry
- 47710 Retail sale of clothing in specialised stores
Why it went into administration
- COVID-19
- Property / lease costs
From the administrators' statement
‘The Company was incorporated on 6 April 2004 and, prior to Administration, it traded from ten (10) stores in the
London area. The Company’s principle activity was a boutique retailer of ladies’ fashions offering luxury brands and collection of own brand apparel. In addition, to the retail stores the Company had an online platform offering customer ordering and home delivery.
Turnover from the 12-month period ending 30 September 2019 was £5.1 million. For the 6 months ending March 2020 the Company made a net loss of £517,643. The Company had 60 employees and 25 zero-hour workers.
Administrators' statement of proposals (2020-09-24) · Companies House register