Editing Allders (section)

==Administration, 2004–2005==
In September 2004, Minerva announced that Allders had made a loss of £22.6m for the year to 30 June 2004,<ref>[http://news.bbc.co.uk/1/hi/business/4077705.stm Allders store chain up for sale] BBC News, 8 December 2004</ref> blaming the speed of the transformation of the business. In December 2004, it announced the business was up for sale. There was some early interest that [[Primark]] was to purchase some of the stores<ref>[http://www.fashionunited.co.uk/news/allders.htm Allders news] My Fashion United</ref> but no interest was found in taking on the company as a whole and it was placed in administration on 26 January 2005. It was revealed that there was a pensions deficit of £15 million. 130 of the staff at the Croydon headquarters were laid off, including Green and other senior managers. An under-construction store at the [[Drake Circus Shopping Centre]] in [[Plymouth]] was never opened and was split into stores for [[Next (clothing)|Next]] and Primark when the centre opened in October 2005.

[[Kroll Inc.|Kroll]], the administrators, searched for buyers for the chain or individual stores. Of Allders' 50 stores, only 35 received offers, with rival retailers such as [[House of Fraser]], [[British Home Stores|BHS]], [[Debenhams]] and [[Primark]] said to have expressed an interest. The ten remaining stores, including the Oxford Street branch, began closing-down sales on 5 February and had started to close from March 2005: all had closed by May 2005 with the Leeds store being the last to close down on 22 May 2005, with the exception of Croydon.<ref>[http://news.bbc.co.uk/1/hi/england/west_yorkshire/4570725.stm Allders store closing its doors] BBC News, 22 May 2005</ref>