Top GUN Realisations Limited (08462233): administration
- Status
- Administration ended
- Administration began
- 2019-05-03
- Administrators
- Ian Colin Wormleighton, Daniel Francis Butters
- Administrators' firm
- Deloitte
- Formerly
- New Look Finance Limited
- Incorporated
- 2013-03-26
- Location
- Weymouth
- Industry
- 70100 Activities of head offices
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
- Weak consumer demand
- Competition / price pressure
- Funding withdrawn / unable to refinance
- Property / lease costs
- Brexit
From the administrators' statement
The Group is a fast fashion retailer operating in the value segment of the clothing and footwear market.
The New Look brand caters to a broad customer audience ranging from 16 to 45 years of age, alongside a range for teenage girls and fashionconscious men.
The Group operates a multichannel model which comprises 640 stores globally, 536 of which are in the UK and Ireland.
Administrators' statement of proposals (2019-05-29) · Companies House register