# Joules Group PLC (10164829)

> Why UK company 10164829 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10164829

- **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- Funding withdrawn / unable to refinance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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10164829/filing-history/MzM2MzQ4NTA3NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10164829

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.