Malibu suncream maker enters administration after warehouse fire

Summarised from 2 outlets · Updated 8 Nov, 08:17 · Archive

The manufacturer of Malibu suncream has entered administration after a fire damaged its warehouse in August.

The manufacturer of Malibu suncream entered administration on October 15, with Marco Piacquadio and Rachel Ennis of FTS Recovery Limited appointed as administrators. Its products, which included sun lotion and tanning oils, were stocked by major UK retailers including Morrisons, Boots, The Range, Home Bargains, TK Maxx, Savers and Poundstretcher. The company had traded successfully for 27 years before entering administration.

Administrators attributed the collapse to a fire that struck the company's trading and manufacturing warehouse on August 11, which reduced vital stock, raw materials and specialised machinery. Administration is a process that allows companies unable to settle their debts to restructure under the control of an appointed administrator until a new owner can be found.

A rescue deal has been secured. An FTS Recovery spokesperson said that on the date of the administrators' appointment, the goodwill of the business was transferred to a new business operated by the director. All nine head office staff are transferring to the new company with their contracts, pay and workplace protections remaining intact.

How it is being reported

• Major UK suncream brand, travel agent and sports store collapse into administrationPopular businesses have fallen into administrationThe Mirror · 8 Nov, 07:55
• Popular UK suncream brand plunges into administration with travel agent and sports storeA number of popular businesses have entered administrationDaily Express · 8 Nov, 07:55

In this story: Malibu · FTS Recovery Limited · Marco Piacquadio · Rachel Ennis · Morrisons · Boots

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