Warehouse Fashions Limited (06822214): administration
- Status
- Administration ended
- Administration began
- 2020-04-15
- Administrators
- Richard Michael Hawes, Robert James Harding
- Administrators' firm
- Deloitte
- Formerly
- W Fashions Opco Limited; HS 475 Limited
- Incorporated
- 2009-02-17
- Location
- Birmingham
- Industry
- 47710 Retail sale of clothing in specialised stores
Why it went into administration
- COVID-19
- Cash flow / liquidity pressure
- Weak consumer demand
- Rising costs / inflation
- Property / lease costs
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
Reasons for financial distress
As with many “bricks and mortar” retailers, the Group was experiencing a number of pressures which led to a deteriorating financial position, including:
— A decline in UK consumer confidence and a change in shopping habits from stores to online, which negatively impacted the Group’s
Administrators' statement of proposals (2020-06-24) · Companies House register