TJ Hughes on brink of administration
28 June 2011 | by The Retail BulletinThe company, which was acquired three months ago by p rivate equity group Endless, has faced difficulties since its insurers refused to provide cover that would protect suppliers if the business failed. It has been reported that TJ Hughes needed a £30 million cash injection to survive but has been unable to raise the funds.
Accountant Ernst & Young is understood to be ready to take control.
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