Oasis Fashions Retail Limited (06822670): administration
- Status
- Administration ended
- Administration began
- 2020-05-13
- Administrators
- Richard Michael Hawes, Robert James Harding
- Administrators' firm
- Deloitte
- Formerly
- O Fashions Propco Limited; HS 472 Limited
- Incorporated
- 2009-02-18
- Location
- Birmingham
- Industry
- 70100 Activities of head offices
Why it went into administration
- COVID-19
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
Steps taken to remedy/turnaround (continued)
Management investigated a number of operational restructuring options, including a review of the potential cost savings available to the business
. However, the challenges in the retai! market prior to CVOID-19 resulted in an underperformance vs plan.
Administrators' statement of proposals (2020-06-18) · Companies House register