Footwear firm Steptronic stumbles into administration
Jimmy Saunders and Michael Lennon, both of Kroll, were appointed Joint Administrators of Steptronic Footwear Limited on 9 March 2022.
The business, based in Rushden, Northamptonshire, owns the ‘Steptronic’ footwear brand which is highly recognisable internationally in both the wholesale and retail sectors.
In addition to having over 3,000 high street and online outlets as customers, the Company also has its own fully integrated website selling a wide range of Steptronic branded shoes direct to the public.
Jimmy Saunders, Joint Administrator, said: “The retail sector has faced a number of well publicised challenges and coupled with shipping and supplier delays and a legacy balance sheet debt, the Company was unable to meet its liabilities.
“Any prospective buyers for the business are encouraged to come forward as soon as possible.”
The Joint Administrators are marketing the business and assets of the Company for sale.
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