April 16th, 2019 / Insight posted in MKS News

Kingston Smith & Partners appointed to handle administration of Acturus Retail (UK) Limited

Ryan Davies and Ian Robert of Kingston Smith & Partners were appointed joint administrators of Acturus Retail (UK) Limited on 15 April 2019.

The business traded as El Ganso – a Spanish-owned fashion brand – with four stores in London, including Carnaby Street and King’s Road. The business found trading conditions in the UK difficult due to the high street suffering from economic uncertainty and increased costs.

Ryan Davies, licensed insolvency practitioner at Kingston Smith & Partners, said: “We are finding more difficulties on the high street and this is another example where foreign-owned retail chains are struggling in the current economic climate. We will be working with landlords to mitigate losses and reduce creditor claims generally.”