Designer Childrenswear Limited - Administration

Designer Childrenswear Limited, a Sunderland-based independent retailer of children’s clothing, entered administration on 17 November after a significant fall in demand and rising costs made the business no longer viable. Andrew Haslam and Allan Kelly of FRP were appointed as joint administrators and confirmed that stock will be sold to a trade buyer, while the freehold premises are being marketed for sale. 30 staff have been made redundant. Handelsbanken PLC (as security trustee) has registered charges against the company.