BusinessBusiness RecoveryBase goes into administration

Base goes into administration

100 jobs on the line as holding company of menswear label is placed in the hands of business recovery specialists

Neil Bennett and Michael Healy of Leonard Curtis have been appointed as joint
administrators of Granditer Menswear.

The company which trades as menswear brand
Base went
into administration at the end of last week, putting the future of approximately
100 employees into question.

Bennett said: ‘This is a well established business which, in previous years,
had been successful, although, more recently, it has suffered under the
generally difficult trading conditions currently affecting the high street.

‘We are conducting an appraisal of the business with a view to establishing
the level of interest in the stores. We are continuing to trade the 21 shops in
the short term, and are hopeful that we will be able to save very many of the
approximately 100 jobs concerned and produce a good return for the creditors.’

The business, a combination of boys’ and mid-market men’s fashion with strong
branded lines, was originally founded in 1906, and has headquarters in Woodford
Green, Essex. Stores are mainly located around London in the south east but also
in Birmingham, Derby, Manchester and Newcastle. Results for the year to February
2007 show turnover of £13.3m.

Further reading:

Kwik Save
lines up administration

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