Jersey's Collections Group goes into liquidation

Axle Man shop in Jersey Axleman on King Street is one of seven retail outlets that did not open earlier

Related Stories

Shops and outlets belonging to Jersey's Collections Group have closed, with the loss of 47 jobs.

The retail chain has appointed insolvency practitioners from Grant Thornton to oversee a "just and equitable winding-up".

Staff from stores, including Pierretoni and Axle Man, met with officers from Social Security on Tuesday evening to discuss their options.

Liquidators said they were working on the possibility of stores reopening.

Alan Roberts and Jamie Toynton of Grant Thornton were appointed joint liquidators of the companies in the Collections Group.

Mr Toynton explained the continued possibility of future trading, despite the appointment of liquidators.

He said: "Jersey has no administration law. We have a creditors' liquidation or d├ęsastre process.

Collection Group retail outlets

  • SDS in Halkett Street
  • Quiksilver in Queen Street
  • Axle Junior and Pierretoni in de Gruchy department store
  • Axle Woman in Voisins department store
  • Axleman in King Street
  • Freedom at le Quennevais precinct
  • Surfshack at the Watersplash

"A winding-up can also be ordered on just and equitable grounds and the Jersey court has shown on several occasions - and in the case of the Collections Group - it is able to make an order that enables as far as possible the liquidators to use some of the advantages an administration would give."

Senator Francis Le Gresley, the social security minister, said employees had been given information about the process for claiming insolvency benefit and income support.

He sais: "We've been explaining about the Work Zone and the help we can provide for people in finding new employment, if that is going to be the reality of the situation."

Nobody from the Collections Group was available for comment.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

BBC Jersey


St Helier

8 °C 6 °C

Features & Analysis

Elsewhere on the BBC

  • KnucklesGood or bad?

    For many it can be very satisfying to 'crack' the bones in your hand, but is it bad for you?


  • BatteriesClick Watch

    More power to your phone - the lithium-ion batteries that could last twice as long

Try our new site and tell us what you think. Learn more
Take me there

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.