TMLG Holdings Limited (05688521): administration
- Status
- Administration ended
- Administration began
- 2020-06-30
- Administrators
- Cameron Gunn, Lee Antony Manning
- Administrators' firm
- ReSolve
- Formerly
- T.M. Lewin Group Limited; GW 1048 Limited
- Incorporated
- 2006-01-26
- Location
- London
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- COVID-19
From the administrators' statement
T.M. Lewin & Sons is a well-known British Menswear brand with over 120 years’ history. The business first opened in Mayfair in 1898. The London-based menswear retailer had grown into one .of the most prominent tailors in the UK and had an annual turnover of over £120m which operated online and from 66 stores.
The Companies brand values are craftsmanship, value for. money and attention-to detail. The online business had grown quickly accounting for more than 30% of the group's revenues and with brand well positioned in the 25-34-year-old demographic, capitalising on the growth in smart casual workwear.
In April 2020: the Companies’ owner, Bain Capital Credit LP instructed Alantra Corporate Finance LLP to secure a buyer for the Companies. As a result of this mandate the Companies were sold to Torque Brands _ Group Limited (“Torque Brands”), a special purpose acquisition vehicle owned by Stonebridge Private Equity on 12 May 2020. , :
Administrators' statement of proposals (2020-09-11) · Companies House register