It is understood that administrator Baker Tilly has been appointed to oversee the 27-store chain, after it failed to secure extra funding from Langholm Capital, which pulled out of the business earlier this year.
Langholm Capital backed a £10 million management buyout of the company in October 2006 by former White Company managing director Oliver Spark.
Elvi also has around 60 concessions in the likes of House of Fraser and Debenhams.
A history of Elvi
Elvi was founded by Elin Vissor as a Dutch wholesale company with a size range from 8-20. The brand, created in the 1940s, wholesaled mainly in Holland, Germany, Belgium and France.
In 1993 Elvi was bought by a company called Lerose, who were in turn bought out by Country Casuals (CC).
CC felt that an opportunity existed to establish a brand for size 16 and up in the UK, both in high street shops and in concessions in department stores and thus Elvi launched in the UK in 1993 specialising in plus sizes.