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JJB Sports plc
Martland Park, Challenge Way
Martland Mill Industrial Estate
Phone: 44 1942221400p:44 1942221400 Wigan, ENG  WN5 0LD  United Kingdom Ticker: JJBJJB

On 10/1/2012, JJB Sports plc appointed KPMG as administrators to restructure the business of the Company. The Company finally collapsed into administration after weeks of negotiations failed to secure the future of 133 shops and 2,200 staff. The administrators only managed to sell 20 JJB stores, the brand and the website to its arch-rival Sports Direct for £24m, saving 550 jobs in the UK, including warehouse staff. The shops are expected to be rebranded as Sports Direct. The sale proceeds will be used to repay some of JJB's £45m debt to its lender, Lloyds Banking Group and other secured creditors, US group Dick's Sporting Goods and Adidas. But shareholders will go empty-handed, while suppliers – Nike, Adidas and Umbro – and landlords will get very little, if anything. The shares were worth less than a penny when they were suspended. Richard Fleming, UK head of restructuring at KPMG, said: "Successive attempts to restructure the business, both financially and operationally, have not been enough to prevent the company falling into administration. Unfortunately a buyer could only be found for 20 stores on a going-concern basis.
This company is no longer actively traded on any major stock exchange.

Business Summary
JJB Sports plc (JJB Sports) is a sports retailer. JJB Sports is a multi-channel sports retailer supplying branded sports and leisure clothing, footwear and accessories. It operates out of over 185 stores across the United Kingdom and Ireland with e-commerce offering. The Company’s product offering covers a range of sports and brands delivered through a multi-channel platform. The product ranges include sports textiles, footwear, replica shirts, equipment, accessories, cycles and golfing products. The Company operates in two geographic segments, the United Kingdom and Eire. As of January 29, 2012, the Company had 190 trading retail stores operating from 2.1 million square feet of retail space. The Company’s subsidiaries include Blane Leisure Limited and Sports Division (Eireann) Limited.

Scores and Ratings
FRISK®
Score
Z''
Score
PAYCE®
Score
DBT
Index
Moody's
Rating
Fitch
Rating
DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement
Last
Audit

News
SEC
Filings
Bankruptcy
Filings
Suit &
Judgment
Filings
Tax
Lien
Filings
1/29/20121/29/2012Yes----

Industries
SIC Code Description
5941 Sporting goods stores and bicycle shops

Officers and Directors

Title

Name

Age
Title
Date
Start
Date
Non-Executive Chairman of the Board Robert J.Corliss 59 9/1/2012 7/9/2012
Interim Chief Executive Officer BeverleyWilliams 7/30/2012 7/30/2012
Chief Financial Officer, Company Secretary, Executive Director DavidWilliams 45 7/1/2011 1/17/2011
4 additional Officers and Directors records available in full report.

Business Names
Business Name
Blane Leisure Limited
JJB
JJBS
Original Shoe Company
Qube Footwear Limited

General Information
Number of Employees: 2,866 (As of 1/29/2012)
Outstanding Shares: 293,312,703 (As of 1/29/2012)
Shareholders: 51,467
Stock Exchange: SEA
Fax Number: 44 1942629809


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Wednesday, September 14, 2022