Barratts and Priceless group
Daniel Francis Butters, Neville Barry Kahn and Adrian Peter Berry were appointed Joint Administrators of
One Year Limited
Barratts Priceless Limited
Barratts Shoes Limited
Priceless Shoes Limited
Barratts Shoes Properties Limited
Barratts Shoes Properties 2 Limited
Barratts Shoes Properties 3 Limited
Barratts Shoes Properties 4 Limited
Barratts Shoes Properties 5 Limited
Barratts Shoes Properties 6 Limited
Priceless Shoes Properties Limited
Priceless Shoes Properties 2 Limited
Priceless Shoes Properties 3 Limited
Priceless Shoes Properties 4 Limited
Priceless Shoes Properties 5 Limited
Priceless Shoes Properties 6 Limited)
Barratts Shoes Properties (Jersey) Limited
on 8 December 2011. The affairs, business and property of the Companies are managed by the Joint Administrators. The Joint Administrators act as agents of the Companies and contract without personal liability.
The Joint Administrators are authorised by the Institute of Chartered Accountants in England and Wales. All licensed insolvency practitioners of Deloitte LLP are licensed in the UK.
Daniel Butters, Neville Kahn, and Adrian Berry were appointed Joint Administrators of the above Companies on 8 December 2011
The Companies operate in the retail sector, specifically the sale of shoes. The key brands in the business are Barratts and Priceless, operating from 191 stores within the UK and Ireland. The Companies also operate in 359 Dorothy Perkins and Outfit concessions, and hold a small number of concession agreements with Coop and Tempest & Menarys.
Facing a challenging retail trading environment which has seen a significant fall in sales, exacerbated by the recent milder weather, the Directors of the Companies concluded that, given the circumstances, an Administration process was the best option for the Companies.
The Joint Administrators will seek to trade the business whilst a sale of business process takes place.
The Joint Administrators have re-stated their Statement of Proposals dated 19 January 2012 due to an erroneous entry on section 1.3 of the report.
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Barratts and Priceless Group use of website
It is the Administrators’ intention to provide all statutory information to creditors by use of this website in accordance with new legislation introduced by the Insolvency (Amendment) Rules 2010.
All known creditors will be advised each time a new document has been uploaded to the website and the documents will remain on the website for the duration of the administration and for three months after the administration has ended.
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