# Victoria's Secret UK Limited (07279467)

> Why UK company 07279467 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07279467

- **Status:** Administration ended
- **Administration began:** 2020-06-05
- **Administrators' firm:** Deloitte
- **Formerly:** New Bond Street Properties Ltd
- **Incorporated:** 2010-06-09
- **Location:** Birmingham
- **Industry:** 68209 Other letting and operating of own or leased real estate

## Why it went into administration

- Property / lease costs
- COVID-19
- Weak consumer demand
- Sustained trading losses
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure

## From the administrators' statement

The Company had been loss making for a number of years, reporting an operating loss of £49m and £171m in F¥18 and FY19 respectively.

As with many ‘bricks and mortar’ retailers, the Company faced a number of pressures which have led to a

, deteriorating financial position including:

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07279467/filing-history/MzI3NTIzNjczMGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07279467

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.