Founded in 1976, Maplin Electronics has a 217-strong store portfolio across the UK and Ireland with traditional high street, edge and out of town sites in good locations.
“Maplin has a strong portfolio and we have had substantial initial interest. Our job is to create value for the creditors from the disposal of both individual stores and portfolios of stores. Many of the strong, diverse locations have generated interest from fashion groups, grab and go food operators and home and life style retailers” says GCW director Simon Morris.
“We are confident about delivering an excellent result for creditors and we know that the work needs to be completed very quickly. We understand from experience gained on similar projects, including the collapsed menswear chain Austin Reed, exactly what needs to be done” adds Morris.
GCW’s expertise in working on retailer administrations dates back to 2011 when it advised the administrator on the demise of British Bookshops and Stationers. It has since been appointed to advise on a variety of retailers including Brantano, Jones the Bootmaker, Jane Norman, TJ Hughes and Fenn Wright Manson. GCW was also appointed by the administrator to The Jessop Group, PwC to appraise the portfolio of 189 stores and realise value for creditors.
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