Brantano Retail Limited (09988846): administration
- Status
- Administration ended
- Administration began
- 2017-03-22
- Administrators
- Michael John Andrew Jervis, Anthony Steven Barrell
- Administrators' firm
- PwC
- Formerly
- Lifebelles Limited
- Incorporated
- 2016-02-04
- Location
- Leeds
- Industry
- 47721 Retail sale of footwear in specialised stores
Why it went into administration
- Funding withdrawn / unable to refinance
- Weak consumer demand
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 4 February 2016 for the purpose of acquiring the business and certain assets of BUK out of administration; this transaction completed on 15 February 2016. We acted as administrators of BUK and set out further details regarding our prior professional relationships below.
The Company operated as a national value shoe retailer headquartered in Hinckley, Leicestershire, operating 73 out-of-town stores and 64 concessions across the UK, and employing 1,086 staff (of which 71 were at head office). The Company is owned by a company controlled by Alteri Investors (a specialist European retail investor).
The Company shares its head office/distribution function with Jones (a company connected by common shareholder and directors) which also entered administration on 24 March 2017; we have only been appointed as administrators of the Company.
Administrators' statement of proposals (2017-04-20) · Companies House register