Debenhams PLC (05448421): administration
- Status
- Administration ended
- Administration began
- 2019-04-09
- Administrators
- Chad Griffin, Andrew Johnson, Simon Kirkhope
- Administrators' firm
- FTI Consulting
- Formerly
- Debenhams Retail Holdings Limited
- Incorporated
- 2005-05-10
- Location
- Manchester
- Industry
- 70100 Activities of head offices
Why it went into administration
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Property / lease costs
- Competition / price pressure
- Weak consumer demand
- Shift to online / high-street decline
- Rising costs / inflation
- Credit insurance / supplier credit withdrawn
From the administrators' statement
24 The Company was the ultimate owner of the Group. The Group is a well-established department store business with a history dating back to 1778.
2.5 For further information on the background to the Company being placed into Administration. Please refer to our SIP 16 Report.
Financial Background
Administrators' statement of proposals (2019-06-13) · Companies House register