Mothercare to appoint administrators

Tue, 05 Nov 2019 | ADMINISTRATION



Baby products retailer Mothercare has announced that it will file notices of intent to appoint administrators to its UK retail arm.

The notices, relating to Mothercare UK Ltd and Mothercare Business Services Ltd, are said to form part of a wider restructuring being undertaken by Mothercare plc.

Announcing the notices, the group has emphasised that other subsidiaries would not be covered by them. Mothercare plc, Mothercare UK Ltd and Mothercare Business Services Ltd will all be free to continue trading as normal.

Mothercare said that the decision "a necessary step in the restructuring and refinancing" of the group.

"Plans are well advanced and being finalised for execution imminently. A further announcement will be made in due course," it said.

The notice comes as the group undertakes a root and branch review of its business. Mothercare plc is said to be in talks with lenders over a refinancing deal to secure its trading future.

The process could lead to efforts to find a buyer for the business, with the potential for further restructuring of the whole Mothercare Group, including the structure, format and model of its UK retail operations.

Globally, the Mothercare Group generates more than £500 million in revenues each year from over 1,000 stores in more than 40 territories, with the UK business representing a relatively small segment of its overall sales.

In the year ending March 31st 2019, Mothercare plc generated £283 million in profits, while the UK arm lost £36.3 million.

The company’s UK workforce is comprised of 500 full-time employees and 2,000 part-time staff, operating across 79 outlets


Share this article



Latest Businesses for Sale

Provider of Plant, Machinery & Tool Hire & Sales
North West, UK

Provides an extensive selection of products from leading brands, all of which are maintained to a high standard Knowledgeable and long-standing workforce in place, benefiting from extensive experience in the sector. Offers invited.

Asking Price: Offers Invited
Turnover: £820,000

LEASEHOLD


Third-Party Logistics Provider & Mailing House
South East, UK

A specialist third-party mailing house and fulfilment provider,utilising innovative technology and a network of couriers to offer an agile and reliable service.Services offered include order fulfilment and processing, courier services, printing, poly...

Asking Price: Offers Invited
Turnover: £10,200,000

LEASEHOLD


Hospitality Industry Recruitment Specialist
UK Wide

Provides highly skilled and professional hospitality staff across a variety of sectors. Recognised as both a preferred and top tier supplier for several of its prestigious clients. Supplying both temporary and permanent Nationwide staffing solutions....

Asking Price: Offers Invited
Turnover: £3,500,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
24
 
Jan
 

Hawkin’s Bazaar enters administration | ADMINISTRATION

Norwich-based novelty toy retailer Hawkin’s Bazaar has...

 
23
 
Jan
 

MBO at Bristol-based media training firm | MBO/MBI

Mentor Media Training has been acquired by lead consultant D...

 
22
 
Jan
 

Chelmsford warehouse management firm bought by software provider | BUSINESS SALE

Chelmsford-based warehouse management solutions provider Min...

Free guide: 10 Biggest Buyer Mistakes

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

Email


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