Planet Organic Limited - administration

Planet Organic Limited, the UK’s first fully certified organic supermarket chain, entered administration on 25 April. Founded in 1995, the company operated from 14 sites across London and the South East of England. Shortly after the end of the pandemic, the company’s directors embarked on a new growth phase that required significant restructuring and changes within the business. While the underlying business was strong and the company’s stores were largely profitable, the business as a whole was lossmaking, which ultimately led to the appointment of joint administrators Will Wright and Chris Pole from Interpath. Immediately following their appointment, the joint administrators concluded the sale of the business and a majority of its assets.