Barratts brand sold out of administration

Mon, 06 Jan 2014 | ADMINISTRATION

A new company has purchased the Barratts brand and its ecommerce business out of administration for £360,000.

Administrators from Duff & Phelps came in to manage the affairs of Barratts after a cash flow crisis and hefty losses in November 2013. It was its third failure in four years. Barratts had 75 stores and 23 concessions at the time of entering administration this time round. Established 110 years ago, it sold shoes from 400 shops at its peak.

Pavers Shoes swept in to purchase 14 stores in an 11th hour rescue bid, saving 150 jobs on 23rd December. It has the right to trade its newly acquired stores under the Barratts brand for the next six months, after which the well-known name is expected to disappear from the high street altogether.

It has been announced today (6 January) by Insider Media that a new company called W Barratt & Co, created by footwear entrepreneur Harvey Jacobson and previous Barratts' buying and merchandising director Simon Robson, will pay £360,000 for the Barratts brand and online trading business.

Despite these deals to save the business, Barratts’ creditors will still be short by more than £14 million. Trade and expense creditors are owed £6 million, loan note holders £9 million, and £850,000 to HMRC.

Related information:
Pavers makes a last minute bid to rescue Barratts
Retail companies in administration

Share this article

Latest Businesses for Sale

Courier Business
UK Wide

Long-established courier business, which has an excellent reputation for providing a bespoke and rapid response service to its loyal client base. Established 20 years+. Excellent reputation for speedy, flexible and efficient service, 365 days of the...

Asking Price: Offers Invited
Turnover: £600,000


Manufacturer & Retailer of Textiles
UK Wide

This long established company is a second generation family business specialising in the design, manufacture, installation and retailing of blinds, fabrics and wallpapers. Offers invited.

Asking Price: Offers Invited
Turnover: £500,000


Microsoft Independent Software Vendor Partner
Midlands, UK Wide

Microsoft 365 ISV & Services Partner – Healthcare and Public Sector. An opportunity has arisen to purchase an established Microsoft Independent Software Vendor Partner (ISV) providing Software, ‘SaaS’ and Services for Microsoft 365 Information Manage...

Asking Price: Offers Invited
Turnover: £1,200,000

View more businesses for sale

News Search

Latest News


Aviation claims specialist enters administration | ADMINISTRATION

Didsbury-based aviation claims specialist Flight Reclaim has...


Next completes sale and leaseback of head office and warehouses | COMMERCIAL PROPERTY

High street fashion retailer Next Plc has confirmed the succ...


Benchmark Holdings secures sale of veterinary business | BUSINESS SALE

Sheffield-headquartered aquaculture health, nutrition and ge...

Free guide: 10 Biggest Buyer Mistakes

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


Related News


Jewellery retailer enters administration | ADMINISTRATION

A Nottingham-based jewellery and watches company has fallen ...


Celebrity-backed fashion label goes into administration | ADMINISTRATION

A Liverpool women’s fashion brand backed by reality TV...


Engineering firm H Barnes & Sons for sale | ADMINISTRATION

A buyer is being sought for mechanical and electrical engine...

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