Yorkshire retailer Peter Jones enters administration

Mon, 13 Jul 2020 | ADMINISTRATION

Well-known Wakefield-based retailer Peter Jones has entered administration, following a period of weak trading which was exacerbated by the coronavirus lockdown. The company, which sells gifts and homeware, has been operating for over 50 years and has ten locations across Yorkshire as well as a warehouse.

The company appointed Howard Smith and Dave Costley-Wood from KPMG’s restructuring practice as joint administrators on July 8. The business is entering insolvency as it will not be able to reopen and resume trading.

As a result, 67 of the company’s 70 employees, most of whom have been on furlough during the coronavirus lockdown, have been made redundant. The remaining staff will assist the administrators in winding the business down.

Peter Jones has ten stores across Barnsley, Doncaster, Batley, Huddersfield, Castleford, Pontefract, Wakefield and Wetherby. All stores have been closed for business since lockdown began at the end of March. Lockdown saw Peter Jones encounter cash flow issues, which, following an already weak trading environment, led to its administration.

The company’s most recent accounts were filed to the year ending February 28 2019. At the time, the company reported current assets valued at £1.3 million, up from £719,454 in 2018. Its creditors were valued at £1.266 million, with net assets at £82,274.

Find businesses for sale here.

If you are looking for an exit, we can help!

Share this article

Latest Businesses for Sale

Plant Hire & Sales
Lincolnshire, UK Wide

Established in 1975, this is the "go to" plant hire business within the Spalding region. They have a vast and ever growing customer base that is well diluted. The premises were purpose built, fully secure with ample room for expansion. The 2nd tier m...

Asking Price: £900,000
Turnover: £662,000


Premium Gardening Supplies Online Retailer
UK Wide

Well-established business operating for over eight years. Specialises in the online sale of both own-brand and leading brands of gardening and horticultural supplies across the UK. Enviable client base comprising a number of long-standing relationshi...

Asking Price: Offers Invited
Turnover: £5,600,000


Online & Retail Florist Business
Oldham, Manchester, North West, UK

Established in 1978. Excellent reputation. High profit margins. Mix of corporate and general public customers. Further growth potential. Seen large growth in online. Offers invited.

Asking Price: £70,000
Turnover: £327,000


View more businesses for sale

News Search

Latest News


Trafford Centre up for sale after Intu administration | COMMERCIAL PROPERTY

Manchester’s Trafford Centre shopping mall is up for s...


Administrators bring three former Shepherd Cox Group hotels to market | DIVISION SALE

Administrators have put three hotels in the North of England...


Baird Group to close stores as CVA is approved | BUSINESS NEWS

Retailer and wholesaler Baird Group, the license holder for ...

Free guide: 10 Biggest Buyer Mistakes

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


Related News


Baird Group to close stores as CVA is approved | BUSINESS NEWS

Retailer and wholesaler Baird Group, the license holder for ...


Byron Burger closes more than half its outlets in pre-pack deal | BUSINESS SALE

Byron Burger has been sold in a pre-pack deal that will see ...


Restaurant chain Bistrot Pierre acquired in pre-pack deal | BUSINESS SALE

Restaurant chain Bistrot Pierre has been acquired in a pre-p...

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