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

Online Strapping Retailer
Devon, UK Wide

This is an excellent opportunity for an interested and committed buyer to take on a highly reputable e-commerce business which specialises in strapping and other fastening equipment. Excellent online reputation. Wide range of stock. Loyal commercial...

Asking Price: £350,000
Turnover: £1,129,718

RELOCATABLE


Grocer & Florist
Hampshire, UK Wide

The business for sale is a dedicated retailer, providing warm and friendly customer service to ensure a satisfied and ever-increasing customer base. Great reputation with an established customer base. Well-established in the community, this business...

Asking Price: £150,000
Turnover: £400,000

LEASEHOLD


Online Electrical Appliance Sales & Repairs Superstore
West Midlands, UK

Very long established superstore with excellent e-commerce website offering extensive market-leading product range. Operates from spacious and superbly fitted triple parade showroom & workshop premises with huge volume of year-round 'walk in' trade o...

Asking Price: £995,000
Turnover: £330,834

FREEHOLD



View more businesses for sale

News Search

Latest News

 
29
 
May
 

Monsoon Accessorize close to administration | ADMINISTRATION

Fashion retailer Monsoon Accessorize is close to entering ad...

 
28
 
May
 

M&G completes purchase of Ascentric platform from Royal London | BUSINESS SALE

Asset manager M&G has completed the purchase of wealth manag...

 
27
 
May
 

Food-to-go supplier calls in administrators | ADMINISTRATION

Adelie Foods, one of Britain’s biggest suppliers of sa...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
21
 
May
 

South London-based law firm acquired in pre-pack sale | BUSINESS SALE

Croydon-based McMillan Williams Solicitors (MSW) has been so...

 
14
 
Apr
 

Dorset catering business enters administration | ADMINISTRATION

Dorset-based event catering company Beales Gourmet has gone ...

 
10
 
Apr
 

Iconic retailer Debenhams falls into administration once again | ADMINISTRATION

The long-established British retailer Debenhams has appointe...

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