Ralph & Russo Limited (05757574): administration
- Status
- In administration
- Administration began
- 2021-03-17
- Administrators
- Paul Robert Appleton, Andrew Andronikou
- Administrators' firm
- Quantuma
- Incorporated
- 2006-03-27
- Location
- London
- Industry
- 14132 Manufacture of other women's outerwear
Why it went into administration
- COVID-19
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Weak consumer demand
- Property / lease costs
- Sustained trading losses
From the administrators' statement
APPOINTMENT
The business has encountered liquidity issues. for some time and -has.been heavily impacted over the last year by a number of issues, including the following:
the onset of the Covid-79 pandemic leading to intermittent closures of the boutiques during lockdown and the.general malaise in spending power on high end luxury goods.
Administrators' statement of proposals (2021-05-19) · Companies House register