Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We use cookies to personalise your experience; learn more in our Privacy and Cookie Policy. You can opt out of some cookies by adjusting your browser settings; see the cookie policy for details. By using this site, you agree to our use of cookies.

Beales creditors owed £17.6m

Beales’ unsecured creditors, including suppliers, employees and landlords are owed around £17.6m, a report from administrator KPMG has shown.

KPMG has said unsecured creditors are expected to receive a dividend but “are not yet able to confirm the quantum or timing of any distribution”. 

Among the fashion brands and suppliers owed the most are:

  • Barbour: £218,500
  • BHS: £8,300 
  • Arcadia Group (Burton): £42,600
  • Calvin Klein Europe: £14,900
  • Amara Fashions: £23,700
  • Craghoppers: £212,700
  • Arcadia Group (Dorothy Perkins) £73,800
  • Tommy Hilfiger: £70,800
  • Hobbs: £76,400
  • Hotter: £57,200
  • Jaeger: £10,200
  • Eleganze: £36,000
  • Levi Strauss: £43,300
  • Oasis: £63,900
  • Phase Eight: £112,600
  • Regatta: £108,000
  • Jack Wills: £7,200

The full list of creditors can be found at Companies House. 

The department store chain appointed appointing Will Wright and Steve Absolom of KPMG as joint administrators in January after failing to find a buyer or new investment for the business. 

Although KPMG is still searching for a buyer, all 23 Beales stores have now been closed

Staff continued to work until 21 March to help box up residual stock and assist in store closures.

The majority of employees have since been made redundant, with all salaries paid up to and including the date of their redundancy. 

 

Tags

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.