Torque Brands Group Limited (12537229): administration
- Status
- Administration ended
- Administration began
- 2022-03-17
- Administrators
- Christopher Robert Pole, William James Wright
- Administrators' firm
- Interpath Advisory
- Formerly
- Acraman 1871 Limited
- Incorporated
- 2020-03-27
- Location
- London
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- COVID-19
- Cash flow / liquidity pressure
From the administrators' statement
Founded over 120 years ago, T.M. Lewin is one of the UK’s most famous tailoring and menswear brands. Prior to the pandemic in early 2020, T.M. Lewin had grown to operate more than 150 retail stores worldwide, with a flagship store on Jermyn Street.
In May 2020 T.M. Lewin and Sons Limited was sold by Bain Capital to SCP (UK1) LLP. As part of this transaction Torque Brands Group Limited acquired debt due to previous secured creditors.
In June 2020 T.M. Lewin and Sons Limited was placed into administration by Torque Brands Group Limited (as qualifying floating charge holder). Insolvency practitioners at ReSolve Advisory Limited acted as administrators. On the date of that administration certain of T.M Lewin and Sons Limited’s business and assets were sold to Torque Brands Group Limited and transferred to Trendbold.
Administrators' statement of proposals (2022-05-09) · Companies House register