Pretty Polly tights firm enters administration after BHS collapse

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.


Share this article



Latest Businesses for Sale

Natural Stone Supply Company: Sourcing/Processing/Distribution
Aberdeenshire, Scotland, UK

This company specialises in supplying the highest quality natural stone products, offering a complete turnkey solution to its customers from sourcing, through to processing, design and final distribution and delivery. Offers invited.

Asking Price: £1,050,000
Turnover: £1,100,000

RELOCATABLE


Precision Engineering Business
North West, UK

Precision Engineering Business for sale operating with a modern, well equipped machine shop, offering Engineering Development Modelling (EDM), CNC turning & milling, grinding, boring and fitting. Offers invited.

Asking Price: Offers Invited
Turnover: £400,000

LEASEHOLD


Accountancy Business
UK Wide

High quality practice with strong middle management on the market for the first time. Established: 25 to 30 years. Strong middle-tier management to support acquirer throughout the transition period and on an ongoing basis. Locations: Cheshire, Mersey...

Asking Price: £1,300,000
Turnover: £1,300,000


View more businesses for sale

News Search

Latest News

 
19
 
Sep
 

Smith & Williamson and Tilney to merge | MERGER

After revealing in August this year that talks were in place...

 
18
 
Sep
 

Infrastructure investment manager takes stake in LJLA | BUSINESS SALE

Infrastructure investment management group, Ancala Partners,...

 
17
 
Sep
 

Impact REIT snaps up Suffolk-based Cardinal Healthcare business | BUSINESS SALE

Impact REIT has successfully acquired Cardinal Healthcare, a...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
29
 
Sep
 

BHS 'reborn' as online only business, BHS digital | ADMINISTRATION

British Home Stores (BHS), which was wound down in June, is ...

 
03
 
Jun
 

BHS faces liquidation as rescue bids fail | BUSINESS SALE

BHS faces going into liquidation after administrators Duff &...

 
25
 
Apr
 

BHS collapses into administration an inevitable outcome | ADMINISTRATION

The owner of retail chain BHS has written to members of staf...

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