Retailchic Limited (06325617): administration
- Status
- Administration ended
- Administration began
- 2012-03-14
- Administrators
- John Malcolm Titley, Andrew Poxon
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2007-07-26
- Location
- Bury
- Industry
- 5242
Why it went into administration
- Property / lease costs
- Sustained trading losses
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 26 July 2007 to purchase the business and assets of Silverchic Limited, which went into Administration on 13 September 2007
Operating from seven leasehold premises across Lancashire, compnsing of six stores and one premises offering office space and a warehouse, the Company traded as a high-class retailer of menswear
Funding was provided by a loan and overdraft facility provided by the Royal Bank of Scotland (“RBS”) and also a loan from the Pension Fund of John and Julie Devenney
Administrators' statement of proposals (2012-05-10) · Companies House register