Hoxton Trading Ltd, which trades as contemporary fashion retailer Bolongaro Trevor, is set to go into administration today or early next week.
Stuart Trevor, who founded the business with his wife Kait Bolongaro in 2006, blames an unhappy relationship with supplier company The Fielding Group for the problems.
A deal with Fielding which saw Hoxton Trading Ltd succeed the original Bolongaro Trevor Company, dates back to February 2011. Fielding itself appointed administrators on June 24.
Bolongaro Trevor operates five stores in London, plus branches in Leeds, Richmond-upon-Thames, Nottingham and Birmingham and has a transactional website. It has a turnover of about £2m.
The husband and wife team are the major shareholders and the creditors of Hoxton Trading, Drapers understands, and are believed to be owed about £260,000 of an expected £700,000 deficit. A partner in insolvency accountant Leonard Curtis is likely to be appointed imminently.