Overview
- Bethan Evans and John Cullen of Menzies were appointed joint liquidators on November 27, with trading halted and remaining employees made redundant.
- The Development Bank of Wales is reported as the largest creditor at about £1.12m, with HMRC owed £150,000, HSBC £140,000 through asset finance, and TikTok £74,000.
- Liquidators are realizing assets, including selling remaining stock, and will distribute proceeds in line with creditor priorities.
- Unsecured creditors are unlikely to receive a dividend based on current reports of the company’s finances.
- Founder Laura Mallows, who described the collapse as devastating, has moved to a creative role at Skinnydip overseeing the Mallows Beauty brand.