H Ecommerce Realisations Limited (09321397): administration
- Status
- Administration ended
- Administration began
- 2018-12-28
- Administrators
- David John Pike, Neil David Gostelow, William James Wright
- Administrators' firm
- KPMG
- Formerly
- HMV Ecommerce Limited; HUK 58 Limited
- Incorporated
- 2014-11-20
- Location
- London
- Industry
- 47910 Retail sale via mail order houses or via Internet
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
HMV was founded in 1921 and sold a range of products including audio, books, CDs, DVDs, video games, as well as an increasing range of movie, television and music merchandise.
The business was purchased out of administration on 5 April 2013 by the Companies, both newly incorporated entities, financed by the Hilco Group and later supplemented by PNC in respect of additional working capital facilities.
As at the date of our appointment, the Companies operated out of their head office in London and finance function in Solihull, with two distribution centres and 129 stores throughout the UK, as well as the online trading platform (whose stock was housed in one of the distribution centres).
Administrators' statement of proposals (2019-03-07) · Companies House register