The Daily Telegraph

Administra­tor boosted by folding of Paperchase


The downfall of Paperchase has boosted the business of the stationery chain’s administra­tor.

Administra­tor Begbies Traynor Group has described Paperchase’s collapse as a “higher-value” insolvency case which helped to strengthen its financial performanc­e. The restructur­ing specialist is set to generate up to £20.6m in pre-tax profit and up to £121.4m in revenue.

Begbies Traynor was appointed as Paperchase’s administra­tor after the retailer failed to attract any buyers.

Although Tesco stepped in and bought Paperchase brand last month, the deal did not include the chain’s high street stores. Last week, Begbies Traynor announced 106 Paperchase stores will close within weeks.

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