Beauty bar chain in Debenhams enters administration

Thu, 04 Oct 2018 | ADMINISTRATION



Swansea-headquartered beauty bar chain, Arch Angelz Ltd has gone into administration following failure to secure additional funding.

Established in 2008, the beauty bar chain specialised in customer makeovers and operated 31 concessions in the stores of the national high street retailer, Debenhams.

Sales were approaching £3m for the beauty bar chain but the lack of funding has resulted in it being unable to continue on.

Graham Randall and Mark Roach from the corporate recovery and business advisory firm of Quantuma have been appointed as joint administrators. Senior administrator, Rachel Maskrey will be providing a supporting role.

Graham Randall said: "There has been a significant decline in the UK retail sector over the last 12 months and this has adversely impacted turnover of Arch Angelz.

"The company started to experience financial difficulties earlier this year and despite recent attempts by the company and its advisers to find a buyer, it is with regret that the sale process has not been successful and the company has no alternative than to cease trading.

"This will be a difficult time for staff in the period leading up to Christmas and it is our priority to assist all employees with their claims while conducting an orderly wind down of the business and seeking to maximise the recovery for creditors."

The general decline in the retail sector and the rise in online shopping has contributed to the financial difficulties of the firm and a falling turnover.

Quantuma is a business advisory firm that provides solutions to distressed businesses and individuals with financial difficulties.

For all our administrations listings, click here. For more news stories about administrations click here.


Share this article



Latest Businesses for Sale

Independent Mercedes-Benz Specialist
London, UK

The business for sale is a renowned independent Mercedes Benz specialist trading for 31 years in the industry. This well-established and respected business has a great reputation and benefits from having no competitors within the local area. Offers i...

Asking Price: Offers Invited
Turnover: £580,649

RELOCATABLE


Convenience Shop
Nottinghamshire, UK Wide

This is a long-established and traditional convenience store which has been trading effectively since its inception in 1985. Spacious premises. Busy location. Offers invited.

Asking Price: Offers Invited
Turnover: £350,000

LEASEHOLD


Supermarket
Bromley, South East, UK

Well fitted self service convenience store, counter News, confectionery, tobacco, full free off licence for sale. Electric shutters to spacious double fronted sales shop with automatic door, tiled floor, suspended ceiling. Substantial loan available...

Asking Price: Offers Invited
Turnover: £384,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
21
 
Feb
 

Street food catering firm seeks buyer after entering administration | ADMINISTRATION

Shrewsbury-based catering company MPM Catering has entered a...

 
20
 
Feb
 

Heycar acquires HonestJohn.co.uk following administration | BUSINESS SALE

Online used car service Heycar has purchased the independent...

 
19
 
Feb
 

On-demand laundry app snapped up after administration | BUSINESS SALE

Laundrapp, an on-demand laundry service which was touted as ...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
17
 
Oct
 

SYNETIQ acquires motor remanufacturer Motorman | BUSINESS SALE

Salvage and vehicle recycling company SYNETIQ Limited has ac...

 
30
 
Aug
 

Newport care home collapses into administration | ADMINISTRATION

The company behind the Caerleon House care home in Newport, ...

 
21
 
Aug
 

Solicitors Title LLP buys Somerset law firm in pre-pack administration | ADMINISTRATION

Somerset-based law firm, Broomhead & Saul LLP, has been save...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources