Ollie Quinn UK Limited (08520641): administration
- Status
- In administration
- Administration began
- 2024-01-31
- Administrators
- Julie Anne Palmer, Andrew Hook
- Administrators' firm
- Begbies Traynor
- Formerly
- Bailey Nelson London Limited
- Incorporated
- 2013-05-08
- Location
- Salisbury
- Industry
- 47782 Retail sale by opticians
Why it went into administration
- COVID-19
- Creditor pressure / legal action
- Rising costs / inflation
- Supply chain disruption
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Property / lease costs
- Over-expansion / investment not recovered
From the administrators' statement
The Company was incorporated on 8 May 2013 and commenced trading as an optician when Bailey Nelson Canada and Bailey Nelson UK were launched in 2012 and after a supply agreement was reached with Bailey Nelson Australia.
The business grew, expanding the brand, store portfolio and online customer base. In 2016, Bailey Nelson announced its intention to wind up the agreement due to strategic misalignment. An agreement was reached that enabled Bailey Nelson Canada and UK to continue trading from the same locations under a different name.
In March 2017, Ollie Quinn opened its doors with 5 locations in the UK and 5 in Canada, selling Ollie Quinn branded product.
Administrators' statement of proposals (2024-04-05) · Companies House register