Laura Ashley Holdings plc- and certain subsidiaries - in administration

LAURA ASHLEY HOLDINGS PLC 

AL REALISATIONS LIMITED (FORMERLY LAURA ASHLEY LIMITED)

ALI REALISATIONS LIMITED (FORMERLY LAURA ASHLEY INVESTMENTS LIMITED)

TEXPLAN MANUFACTURING LIMITED

PREMIER HOME LOGISTICS LIMITED

 

The above companies (“the Group”) all went into administration on 23 March 2020, when Robert Nicholas Lewis and Zelf Hussain of PwC were appointed joint administrators. Subsequently, on 17 April 2020, Rachael Maria Wilkinson of PwC was appointed an additional administrator to all the companies. On 3 Jul 2020, Anthony John Wright and Paul Allen of FRP Advisory were appointed as additional administrators of AL Realisations Limited and Texplan Manufacturing Limited. The joint administrators manage the affairs, business and property of the companies as their agents and without personal liability.

Laura Ashley is an international lifestyle brand which specialises in furniture retailing, home accessories, decorating and fashion products. The Group has retail stores based in the UK, Republic of Ireland and France and franchise and licensee operations located across the world in 25 territories.

The UK property portfolio comprised 147 stores. In addition to the store portfolio across the UK, the Group has significant operations in Newtown in Powys, Coalville in Leicestershire and Chelsea. The entities in administration employed 1,624 retail staff and 1,034 head office, distribution and logistics, call centre and manufacturing staff.  

As previously stated by the Group, the COVID-19 outbreak had an immediate and significant impact on trading. Based on the Group's cashflow forecasts and the increased uncertainty facing it, the Group expected that it would not be in a position to draw down additional funding in a timely manner sufficient to support its working capital requirements, and therefore each of the above companies filed a Notice to Appoint Administrators on 17 March.

As a result, each of the companies have now entered administration. Regretfully 70 UK stores were closed permanently immediately following administration. 

The joint administrators will continue to trade the remaining business while discussions take place with interested parties with the aim of securing a buyer. The remaining 77 UK stores will be open as normal subject to Government guidance around COVID-19. Purchases will continue to be accessible online.

 

For any general enquiries, please use one of the appropriate email addresses below.

Contacts

Please direct all general enquiries via the attached form at https://pwc-uk.force.com/brsqueryform/s/ (following the name change please select AL Realisations Limited in the company field for Laura Ashley Limited queries, all other companies remain the same)

Employees: uk_lauraashley_employees@pwc.com

Customers: uk_lauraashley_customers@pwc.com

Suppliersuk_lauraashley_suppliers@pwc.com

Landlordsuk_lauraashley_landlords@pwc.com

Creditors:  uk_lauraashley_creditors@pwc.com

Submitting a claim

Our preferred method for creditors to submit claims and supporting documentation is via the online Turnkey IPS Portal www.ips-docs.com, as this is the most effective way for claims to be dealt with, however in the event you are unable to submit your claim via the portal, please contact us at uk_lauraashley_creditors@pwc.com or c/o PwC, Central Square, 29 Wellington Street, Leeds, LS1 4DL

Laura Ashley Holdings PLC

Laura Ashley Limited

Laura Ashley Investments Limited

Texplan Manufacturing Limited

Premier Home Logistics Limited

Robert Nicholas Lewis, Zelf Hussain and Rachael Maria Wilkinson of PricewaterhouseCoopers LLP (“the Original Administrators”) were appointed as joint administrators of Laura Ashley Holdings plc, AL Realisations Limited (formerly Laura Ashley Limited), ALI Realisations Limited (formerly Laura Ashley Investments Limited), Texplan Manufacturing Limited and Premier Home Logistics Limited to manage their affairs, business and property as their agents and without personal liability. Robert Nicholas Lewis and Zelf Hussain were appointed on 23 March 2020 and Rachael Maria Wilkinson was appointed on 17 April 2020. They are all licensed in the United Kingdom to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales.

Anthony John Wright and Paul David Allen of FRP Advisory Trading Limited (“the Additional Administrators”) (together with the Original Administrators, “the Joint Administrators”), were appointed joint administrators of AL Realisations Limited (formerly Laura Ashley Limited) and Texplan Manufacturing Limited on 3 July 2020. Anthony Wright is licensed in the United Kingdom by the Institute of Chartered Accountants in England & Wales and Paul Allen is licensed in the United Kingdom by the Insolvency Practitioners Association.

The Joint Administrators are bound by the Insolvency Code of Ethics which can be found at: https://www.gov.uk/government/publications/insolvency-practitioner-code-of-ethics.

The Joint Administrators may act as controllers of personal data as defined by the UK data protection law depending upon the specific processing activities undertaken. They may act as a processor on the instructions of the Joint Administrators. Personal data will be kept secure and processed only for matters relating to the Joint Administrators’ appointment. Further details are available in the privacy statement on the PwC.co.uk website, the privacy notice at https://www.frpadvisory.com/privacy/ or by contacting the Joint Administrators.

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