Suppliers

What has happened?

• Rachael Wilkinson and Zelf Hussain were appointed as Joint Administrators of CK Acquisitions Limited on 28 March 2023

• The Joint Administrators completed the sale of the Cath Kidston brand, website and intellectual property to Next Retail Limited, part of Next plc, in order to realise funds to be made available for distribution to verified creditors  

• The Joint Administrators will continue to focus on achieving the best outcome for the creditors of the Company through realisation of the remaining assets

When will I get paid?

• Payment for goods and services provided prior to the date of appointment will not be paid for.

• However, you can submit a claim with the Administrators for the amount you were owed prior to their appointment. Depending on funds available and the level of assets realised, you may receive a dividend payment in due course. However, at this time we cannot estimate what this will be.

• We will shortly be providing guidance on how to submit a claim via an online creditors portal. Our preferred method for creditors to submit claims and supporting documents is via the Turnkey (IPS) online portal, as this is the most efficient and cost effective way for us to deal with your claim and also allows you to better track its status, so we recommend the use of the online portal for claim submission. Your unique login details will be sent to you separately. If your claim includes VAT, you may be able to obtain VAT bad debt relief six months after your supply. 

Am I required to continue providing service or supplies?

• The Joint Administrators may request that you continue to supply goods and services to the company during the administration to help facilitate the realisation of assets.

• Goods and services ordered by the Joint Administrators or their authorised representatives will be paid for by the administration

• All purchases will be ordered using a new sequence of purchase order form. This will be signed by one of the authorised signatories whose names and signatures are shown on the suppliers letter, a copy of which will be made available to you.

What further information on the Administration will I receive?

• The Joint Administrators will publish a report via the case website to all known creditors and members within one week of the appointments. This report is known as the Joint Administrators’ proposals and will outline steps taken by the Administrators to date and the strategy going forwards.

• The Joint Administrators are also required to provide a written update on the administrations to all known creditors every six months. This report will be published to the case website within one month of every six month anniversary or earlier if an Administrator vacates office or an extension to the administration is granted. 

If you have any further questions or issues please email us on: uk_ckacquisitions_suppliers@pwc.com.

Rachael Wilkinson and Zelf Hussain have been appointed as Joint Administrators of CK Acquisitions Limited to manage its affairs, business and property as its agents and act without personal liability. All are licensed in the United Kingdom to act as an insolvency practitioner by the Institute of Chartered Accountants in England and Wales. The Joint Administrators are bound by the Insolvency Code of Ethics which can be found at: https://www.gov.uk/government/publications/insolvency-practitioner-code-of-ethics.

The Joint Administrators may act as controllers of personal data as defined by UK data protection law depending upon the specific processing activities undertaken. PricewaterhouseCoopers LLP may act as a processor on the instructions of the Joint Administrators. Personal data will be kept secure and processed only for matters relating to the Joint Administrators’ appointment. Further details are available in the privacy statement on the PwC.co.uk website or by contacting the Joint Administrators.