Ollie Quinn UK - Administration

Ollie Quinn UK, the UK arm of global eyewear and optician chain Ollie Quinn, entered administration on 31 January.

Andrew Hook and Julie Palmer of Begbies Traynor were appointed as joint administrators and said that increased operating costs and the burden of Covid loan repayments had caused cash flow issues for the company.

A sale of the business and assets to OQ Eyewear has been completed, saving 80 jobs.

HSBC UK Bank has a registered charge against the company.