Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
  • Video Insights
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Arcadia supplier Lloyd Shoe Company files for administration

Arcadia supplier Lloyd Shoe Company files for administration

Tue, 15 Dec 2020 | ADMINISTRATION



East London-based Lloyd Shoe Company, an Arcadia Group supplier, has filed for administration. The business has become among the first suppliers to be impacted by Arcadia Group’s collapse, but continues to trade as normal while a buyer is sought.

Lloyd Shoe was founded in 1986 and employs 243 staff. The company operates over 800 footwear concessions for both men and women in the UK, Ireland, Germany, the USA and the Netherlands. Many of its concessions are in stores belonging to the Arcadia Group.

In a statement, the company said: "Lloyd Shoe operates footwear concessions for stores within the Arcadia group of brands and the business is working closely with the administrators of Arcadia to support their trading strategy whilst they seek a buyer(s). The business continues to trade as normal.”

In its most recent financial statement, to the year ending August 31 2019, Lloyd Shoe described Arcadia Group as its “significant customer” writing that it was reliant on the group, the position of its brands in the market place and the success of Arcadia’s CVA turnaround.

In the report, the company said that the retailing environment “continues to be very challenging”, with the ongoing Brexit process in particular creating uncertainty in the retail sector. The company reported turnover of £35.9 million for the year, down from £41.8 million the previous year, while gross profit fell from £3.5 million in 2018 to £2.8 million.

The company reported an operating loss of £1.3 million, up from a £1 million operating loss in 2018, and total losses for the year of £1.2 million, compared to a £785,917 loss the year prior. Despite this, the company said at the time it was “well placed” to register improved results for the year to August 2020 and budgeted a return to profit in the coming year.

At the time, Lloyd Shoe Company’s fixed assets were valued at £120,895, with current assets of slightly over £8 million and net assets coming to over £2 million. The company owed £6.1 million to creditors within one year.


View the latest distressed UK businesses here.


Share this article



Latest Businesses for Sale

Local Post Office & Convenience Store
London, UK

This is a well established and well used local post office situated in a densely populated area of East London. The area surrounding the business is extremely busy through the week and weekends due to the travel links and leisure facilities close by.

Asking Price: Offers Invited
Turnover: £660,000

LEASEHOLD


Online Retailer Of Roof Windows & Lights
UK Wide

Offers an extensive selection of quality products, including pitched and flat roof windows, composite and uPVC windows and doors, and roofing products. Works with leading manufacturers to supply premium, branded products, many of which are exclusive...

Asking Price: Offers Invited
Turnover: £10,600,000

FREEHOLD


B2C E-Cigarette Brand with E-commerce
South England, UK Wide

The company has established a respected brand, offering an extensive selection of e-cigarettes, vapes, refills and accessories, with all ingredients, flavours and e-liquids being made the UK. Benefits from a loyal and long-standing customer base, pre...

Asking Price: Offers Invited
Turnover: £829,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
15
 
Jan
 

Buyer sought for portfolio of pubs | BUSINESS SALE

Five pubs that formerly operated under the Authentic Alehous...

 
14
 
Jan
 

Acquisitive RSK Group completes trio of deals | BUSINESS SALE

Cheshire-based technical services consultancy RSK Group has ...

 
13
 
Jan
 

Heat transfer equipment manufacturer falls into administration | ADMINISTRATION

Coventry-based Covrad Heat Transfer has fallen into administ...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
26
 
Jan
 

BHS considering takeover offers | BUSINESS SALE

Sir Philip Green is considering offers to takeover strugglin...

 
05
 
Jan
 

Search still on for buyer for Barratts Priceless | ADMINISTRATION

The administrators for Barratts Priceless are still searchin...

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

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Daily Financial Alerts
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2021. Business Sale Report Ltd. All rights reserved. www.business-sale.com.