Thu, 26 May 2016 | ADMINISTRATION
The Derbyshire-based manufacturer of Pretty Polly tights has gone into administration, citing the collapse of BHS as the primary reason.
Courtaulds was the maker of the Pretty Polly brand of tights that were worn by celebrities across the world. It was also a major supplier for BHS, which recently collapsed. CUK Clothing, which was merged with Courtaulds back in 2006 but continued to trade as a separate entity, has also gone into administration because of the BHS failure.
Both companies traded under the world-famous Pretty Polly brand and also made clothing for other retailers for them to brand individually. The companies, which were primarily based in Belper and London, also made a variety of other garments, including formal wear, jackets and coats for UK and international retail stores.
The companies have brought in administrators from RSM Restructuring Advisory UK to search for potential buyers or seek other ways to reimburse creditors. Dilip Dattani of RSM UK said: "The administration of BHS has added to the challenge of operating within a fiercely competitive market for seasonal products.
"This has left the directors with little choice but to place the companies into administration. Regrettably, we have been forced to make 350 employees redundant to align with the current order book, and we are assisting them with their claims to the Redundancy Payments Service.”
Contact the administrators here.
See the latest businesses in administration.
The acquirer of this practice will be required to take-over the unexpired part of all on-going agreements relating to future payments for software licenses, equipment, furniture, fixtures, fittings, storage rental, PI insurance, library and any payme...
Long established and profitable law company is situated in the county of Cleveland. The company undertakes Personal Injury – Claimant only work, and a small amount of Wills, Trust, Probate and LPA’s.
An opportunity has arisen to acquire a two-equity partner, long-established law practice situated in a prestigious location in the county of Tyne & Wear.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.