Overview
- Pet Planet, the Livingston-based online retailer, has entered administration with BDO’s James Stephen and Kiri Holland appointed as administrators, according to official filings.
- Reports say the company ceased trading at the end of March, and the retailer has not issued a public statement on its position.
- Administration is a formal insolvency process that freezes most creditor action and hands day-to-day control to licensed insolvency practitioners.
- The administrators must present proposals within eight weeks that could keep the business going, transfer it to a buyer, or wind it up and pay creditors in order.
- The company served more than 100,000 customers a year over nearly three decades, highlighting the potential knock-on effects for shoppers, staff and suppliers during the review.