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Jobs go as Kinky Knickers enters administration 17 January 2014

The garment manufacturer responsible for the production of retail specialist Mary Portas’s Kinky Knickers underwear range has gone into administration, resulting in 33 job losses.

Headen & Quarmby, the 79-year-old Lancashire-based company, produced underwear for several high street retailers and brands.

Kerry Bailey and Patrick Lannagan of accountancy firm BDO were appointed as joint administrators on 15 January 2014.

The administrators confirmed the aim is to recommence trading and fulfil customer orders, as BDO looks to sell the business as a going concern.

Kerry Bailey, partner at BDO, said: “A drop in post-Christmas orders from key customers and a decline in sales volumes has significantly affected the business and resulted in a deterioration of its working capital position.

“However, we are doing everything we can to try to secure a future for the business, and we are hopeful of securing a sale.”

Mary Portas, retail expert, said: “I’m really surprised to hear that Headen and Quarmby, the business that we licenced to manufacture the brand Kinky Knickers has gone into administration.

“I believe strongly in the team and their products, the stuff they make for us is made with passion and love for the product. I am enormously proud of everything they have achieved, their energy and vision.

“It’s so sad that the problems have been caused by cashflow shortfalls due to bad debts arising from some smaller retailers going bust over Christmas and a large retailer cancelling an order – this is of course the sad reality of retail and manufacturing in Britain today.”

Headen & Quarmby told Insolvency Today it did not want to comment.

 

 

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