Joules Group PLC (10164829): administration
- Status
- Administration ended
- Administration began
- 2022-11-16
- Administrators' firm
- Interpath Advisory
- Formerly
- Joules Group Limited
- Incorporated
- 2016-05-05
- Location
- London
- Industry
- 46420 Wholesale of clothing and footwear
Why it went into administration
- Supply chain disruption
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 5 May 2016 and operated as the listed holding company for the Group entities as detailed in Section 2. The Company had no employees, and its principal asset was the shareholdings of the entities within the Group.
The Company undertook a public offering of shares to raise further investment to continue to grow the Joules brand in 2016. Its shares had been listed on the AIM since this date.
Prior to the appointment of the Joint Administrators, the Joules Group sold their products worldwide via Ecommerce platforms as well as operating from 122 stores, 4 concessions and 3 franchise stores and employed approximately 1,600 employees.
Administrators' statement of proposals (2023-01-04) · Companies House register