Toys’R’Us and Maplin both fall into administration

By Chris Dawson February 28, 2018 - 1:15 pm

Administrators have been called in separately to both Maplin Electronics and Toys’R’Us today, with both companies unable to secure a buyer to take over the operations.

Toys’R’Us: 105 Stores, 3,000 Staff

Arron Kendall and Simon Thomas of Moorfields Advisory have been appointed joint administrators of Toys’R’Us. Toys’R’Us will begin an orderly wind down and their eBay shop, with a feedback score of 100,655, is still live but is on holiday settings displaying the message “This seller is currently away, and isn’t processing orders at this time”.

Currently Toys’R’Us high street stores remain open, but the company are unlikely to be able to pay a £15 million tax bill which has tipped them over the edge.

Toys’R’Us gift cards are still currently being redeemed, but exchanges are only being offered for faulty goods.

Maplin: 200 Stores, 2,300 Staff

Zelf Hussain, Toby Scott Underwood and Ian David Green of PricewaterhouseCoopers have been appointed as joint administrators of Maplin Electronics. Maplin will continue to trade through their 200 stores and currently their eBay shop, with a feedback score of 235,317, is still operating.

Maplin will work with the administrators “to achieve the best possible outcome for all of our colleagues and stakeholders”. Stores remain open with Maplin blaming weak sterling, flagging consumer confidence and the withdrawal of credit insurance for the callapse

Maplin gift cards are still currently being redeemed in store.

Comments are closed.

Featured in this article from the Tamebay Guide – companies that can help you grow and manage your business.

See More Companies >

Recent Comments

12 hours ago
Gav: That's what I thought all these GSN GTIN ASIN EAN etc numbers are really for....
21 hours ago
Amj: Depends on number of orders but is expensive...
24 hours ago
Ifellow: Do the research, develop the product, take the risk, establish the product, then Amazon can...
2 days ago
Ifellow: I think it's at least £150 a month plus VAT. But i haven't used it in...