Fate of Quiz Clothing’s 40 stores to be decided within days

Quiz Clothing, which was established in Glasgow and has its head office in the city, has been managed by administrators Interpath since February.

The firm’s 40 UK stores, including 11 in Scotland, remain open but concerns over closures have been raised if a rescue deal cannot be agreed.

(Image: PA)

At the point of administration in February, 109 redundancies were made across Quiz’s Glasgow head office and its distribution centre in Bellshill.

The retail firm, which has been trading for 33 years, employs 565 staff across its UK stores and seven concessions in Ireland.

Interpath was appointed administrator to three companies collectively trading as Quiz Clothing: Orion Retail Limited, Tarak International Limited and Zandra Systems Limited.

Administrators’ reports reveal the scale of the debt across the group.

For Orion Retail Limited, sums owed to connected parties of £15.4 million and trade creditors of £6.1 million outweighed debtors of £13.5 million and stock of £6.7 million at December.

For Tarak International Limited, which operated the group’s website and overseas concessions, debtors of £11.1 million and stock of £1.4 million were outweighed by sums owed to connected parties of £9.5 million and trade creditors of £3.7 million.

A third entity, Zandra Systems Limited, has no employees and exists solely to hold an IT records contract.

The Zandra report stated: “To the extent the company has required to meet any fees and costs, we understand that, latterly, these would have been funded via loans provided by the company’s sole secured creditor, Zesta Ventures Limited.

“We understand Zesta Ventures Limited is owed approximately £6m by the group, albeit, we have yet to receive details of its indebtedness at appointment.”

No rescue deal has yet been struck, with administrators confirming no offers have been received for the business on a going concern basis.

The administrators said in their March 16 report: “We presently anticipate the administration trading period could last until mid-May 2026.

“Albeit, and with support from Hilco, trading performance is being monitored on a daily basis and paring back of operations will be implemented as it is considered necessary over the coming weeks.

“During the period immediately following our appointment, with news of the appointment having received local and national media coverage, we liaised with several parties who had expressed an interest in the company’s business and assets.

“To date, no offers have been received for the company’s business on a going concern basis.”