Zelf Hussain, David Robert Baxendale and Mark James Tobias Banfield of PwC have been appointed as joint administrators of Mothercare UK Limited and Mothercare Business Services Limited. The appointment was made on 5 November 2019.
Mothercare Plc (and subsidiaries) is a global retailer for parents and young children and operates an international franchise business alongside Mothercare UK. The business operates 79 retail stores in the UK and 1,010 overseas franchise stores across 40 territories. The entities in administration employ 2,485 retail staff and 384 head office and distribution staff.
Whilst the international franchise operations are profitable, the UK segment has been loss making for a number of years. The directors have in recent times explored many options to restructure Mothercare UK Ltd including a CVA in May 2018. Despite the restructuring that followed the CVA, trading has remained challenging with difficult market conditions, reduced consumer spending and a fundamental change in high street retail.
The joint administrators will continue to trade the UK business and wind it down over the coming weeks and months. In order to support the business during the administration period, the joint administrators have appointed Gordon Brothers as agents to provide an experienced retail team to work in partnership with the head office, store and divisional teams.
In the meantime, the international franchise partners will continue to trade the Mothercare business as normal.
The remuneration report includes decision notices and voting forms concerning the administrators remuneration. The decision notices and voting forms were amended on 15 July 2020 to include a decision on whether to form a creditors' committee. The last date for returning voting forms has been amended to 30 July 2020.
Completed proof of debts can be emailed to email@example.com or sent to PricewaterhouseCoopers LLP, 8th Floor, Central Square, 29 Wellington Street, Leeds, LS1 4DL.
There will understandably be concerns about the impact of the Administration.
We encourage customers to contact and engage with the Company in the normal way. Therefore, in the first instance please ask at your local store.
For matters that require urgent attention, in the first instance please email: firstname.lastname@example.org.
Please note that the operating hours for this helpline is now 10am to 12pm and 2pm to 4pm from Monday to Friday.
Zelf Hussain, David Robert Baxendale and Mark James Tobias Banfield were appointed as joint administrators of Mothercare UK Limited and Mothercare Business Services Limited on 05 November 2019 to manage its affairs, business and property as its agents and without personal liability. Zelf Hussain, David Robert Baxendale and Mark James Tobias Banfield are licensed in the United Kingdom to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales.
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 UK data protection law depending upon the specific processing activities undertaken. PricewaterhouseCoopers LLP 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 or by contacting the joint administrators