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doubleodavey
"An administrators’ proposals document revealed that PwC concluded “almost all the stores were profitable” but the company was “burdened” by fixed costs at its head office."
"Evans had debts of £85m when it failed, with secured lenders HSBC and AIB owed £28m and private equity firms due £33m.
Unsecured creditors such as suppliers and the taxman were owed £24m and can expect to receive only 2.5p in every £1 owed. Bike manufacturers Specialized and Trek were owed £3.9m and £1.9m respectively."
https://www.telegraph.co.uk/business/2018/11/17/sun-evans-cycles/