Bastyan Fashions Limited (06969547): administration and why it failed

Bastyan Fashions Limited (06969547): administration

Status: Administration ended
Administration began: 2020-04-15
Administrators: Richard Michael Hawes, Robert James Harding
Administrators' firm: Deloitte
Formerly: HS 495 Limited
Incorporated: 2009-07-22
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

Administrators' statement of proposals (2020-06-18) · Companies House register

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Bastyan Fashions Limited (06969547): administration

Why it went into administration

From the administrators' statement

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Bastyan Fashions Limited (06969547)