Deloitte appointed administrators to Bay Trading
STATEMENT FROM ADMINISTATORS!
Lee Manning and Matt Smith of Deloitte, the business advisory firm, have today been appointed Joint Administrators to Epcoscan Limited, which trades as Bay Trading. Epcoscan Limited is a subsidiary of Alexon Plc, which is not in administration.
Bay Trading, the high street fashion chain, has 175 branches and 80 concessions across the UK, employing approximately 1800 employees. The chain’s head office is in Hatfield, Hertfordshire.
Lee Manning, partner and Joint Administrator comments: “Following the announcement of Alexon Plc’s preliminary results earlier last week, the material uncertainty surrounding Bay Trading’s performance saw Alexon’s provider of credit insurance withdraw cover for its suppliers. As a result the Board has decided to place Epcoscan into administration. We will continue to trade the business, with a view to selling it as a going concern.”
Bay Trading have a store locating in the Kennet centre.
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