BUK Realisations Limited (formerly Brantano (UK) Limited) - in liquidation

Tony Barrell, Mike Jervis and Rob Hunt of PwC were appointed as joint administrators of BUK (Realisations) Limited on 21 January 2016.

The company was a value shoe retailer operating 140 stores and 60 concessions across the UK and employing around 2,000 staff. The head office was based in Coalville, Leicestershire with around 200 of the staff.

Brantano (UK) Limited was acquired by Alteri Investors in October 2015 but experienced difficult trading conditions. This resulted in the company being placed into administration, despite sustained efforts to make the business more commercially viable.

Following their appointment, the Administrators continued to trade the business whilst undertaking a sales process amongst interested parties. Having completed this sales process, the majority of the business was sold to Brantano Retail Limited (formerly Lifebelles Limited), a company controlled by Alteri Investors, on 12 February 2016. This preserved 1,372 jobs and 140 stores and concessions.

58 stores and concessions were not included in the sale and the Administrators continued to trade these stores whilst exploring interest. Unfortunately no further interest was received on a going concern basis and these remaining stores ceased trading in March 2016, resulting in 533 redundancies.

BUK Realisations Limited moved from administration to creditors' voluntary liquidation on 13 July 2017 and Tony Barrell and Mike Jervis have been appointed as joint liquidators.

Tony Barrell has since left the firm.  An application was made to the Court to remove him as liquidator of the Company. The application was granted and so Tony Barrell was removed and Toby Underwood was appointed as joint liquidator with effect from 10 May 2019. David James Kelly replaced Toby Underwood as joint liquidator with effect from 30 November 2021.

Mike Jervis, one of the Joint Liquidators sadly passed away in January 2023. Subsequently, an application was made to the High Court, to appoint Victoria Hatton as Joint Liquidator. On 9th March 2023, the court ordered that effective from the 23rd March 2023, Victoria Hatton would replace Mike Jervis as Joint Liquidator. 

Further details concerning the administration can be found in the documents below.

Documents available to download:

Sixth progress report in the Liquidation ( 6 September 2023)

Notice seeking a decision by correspondence in relation to a fee uplift

Remuneration report dated 14 April 2023

Fifth progress report in the Liquidation

Fourth progress report in the Liquidation

Third progress report in the Liquidation

Second progress report in the Liquidation

First progress report in the Liquidation   

Notice to creditors of general use of website

Remuneration report dated 13 November 2017

Third and final progress report

Second progress report

Form 2.24B- Notice of second progress report

form 2.25B Proxy form

First progress report and Remuneration report

Form 2.24B - Notice of first progress report

Form 2.25B - Proxy form

Statement of claim form

Joint Administrators' proposals dated 15 March 2016

Directors' statement of affairs

Notice to creditors of meeting dated 11 March 2016

Initial letter to creditors with Form 2.12B

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