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524</style><div id="web-header" style="padding-left: 15px; padding-right: 15px; color: var(--wt-text-on-background-color) !important; padding-bottom: 2rem;"><h1 style="font-size: 36px; font-family:'Trebuchet MS','Lucida Grande',Tahoma,sans-serif; line-height: 2.5rem; padding-bottom: 8px; font-weight: 700;">Claire’s UK administration generates £4 million trading surplus as fees rise</h1><h2 style="font-size: 20px; font-family:'Helvetica',Arial,sans-serif; line-height: 1.75rem; padding-bottom: 20px; font-weight: 400;">Interpath administrators expect ordinary preferential creditors to be paid in full, but unsecured creditors remain out of the money</h2><div class="bh__byline_wrapper"><div><div style="display:flex;"><div style="display:flex; flex-direction:row; justify-content:flex-start;"><div style="display:flex;"><img alt="Author" height="40" src="https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/user/profile_picture/3ba2d7ea-4eb4-46d9-a83a-8d0492aa2341/thumb_1712441836263.jpg" style="height:40px;width:40px;border:4px solid rgba(0,0,0,0);left:-4px;z-index:1;box-sizing:content-box;position:relative;border-radius:9999px;" width="40"></div><div style="display:flex; align-items:center;"><p style="left:8px;position:relative;font-family:'Helvetica',Arial,sans-serif;font-weight:normal;font-size:14px;color: var(--wt-text-on-background-color);margin:0px;line-height:20px;"><span><a href="https://insolvency-insider.co.uk/authors/dina-kovacevic" target="_blank" style="color:var(--wt-text-on-background-color) !important;text-decoration:underline !important;">Dina Kovacevic</a></span><br><span class="text-wt-text-on-background" style="opacity:0.75;"> September 23, 2026 </span></p></div></div></div></div><div class="bh__byline_social_wrapper"><a href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Finsolvency-insider.co.uk%2Fp%2Fclaire-s-uk-administration-generates-4-million-trading-surplus-as-fees-rise" target="_blank"><div style="max-width:28px;"><svg fill="none" height="100%" viewBox="0 0 212 212" width="100%" xmlns="http://www.w3.org/2000/svg"><circle cx="106.214" cy="105.5" fill-opacity="0.15" fill="#9CA3AF" r="105.5"></circle><path d="M96.9223 92.1778H87.0327V105.498H96.9223V145.461H113.405V105.498H125.273L126.591 92.1778H113.405V86.5165C113.405 83.5193 114.064 82.1873 117.031 82.1873H126.591V65.5364H114.064C102.197 65.5364 96.9223 70.8647 96.9223 80.8552V92.1778Z" fill="#BAC2CE"></path></svg></div></a><a href="https://twitter.com/intent/tweet?text=Interpath+administrators+expect+ordinary+preferential+creditors+to+be+paid+in+full%2C+but+unsecured+creditors+remain+out+of+the+money&amp;url=https%3A%2F%2Finsolvency-insider.co.uk%2Fp%2Fclaire-s-uk-administration-generates-4-million-trading-surplus-as-fees-rise" target="_blank"><div style="max-width:28px;">
524<svg fill="none" height="100%" viewBox="0 0 52 52" width="100%" xmlns="http://www.w3.org/2000/svg"><circle cx="26" cy="26" fill-opacity="0.15" fill="#9CA3AF" r="26"></circle><path d="M18.244 2.25h3.308l-7.227 8.26 8.502 11.24H16.17l-5.214-6.817L4.99 21.75H1.68l7.73-8.835L1.254 2.25H8.08l4.713 6.231zm-1.161 17.52h1.833L7.084 4.126H5.117z" fill="#BAC2CE" transform="translate(14,14)"></path></svg></div></a><a href="https://www.threads.net/intent/post?text=Interpath+administrators+expect+ordinary+preferential+creditors+to+be+paid+in+full%2C+but+unsecured+creditors+remain+out+of+the+money+https%3A%2F%2Finsolvency-insider.co.uk%2Fp%2Fclaire-s-uk-administration-generates-4-million-trading-surplus-as-fees-rise" target="_blank"><div style="max-width:28px;"><svg fill="none" height="100%" viewBox="0 0 211 211" width="100%" xmlns="http://www.w3.org/2000/svg"><circle cx="105.5" cy="105.5" fill-opacity="0.15" fill="#9CA3AF" r="105.5"></circle><path d="M125.185 102.469C124.828 102.298 124.465 102.133 124.097 101.975C123.456 90.1702 117.006 83.4121 106.175 83.3429C106.126 83.3426 106.077 83.3426 106.028 83.3426C99.5502 83.3426 94.1624 86.1078 90.8463 91.1396L96.8028 95.2256C99.2801 91.4671 103.168 90.6658 106.031 90.6658C106.064 90.6658 106.097 90.6658 106.13 90.6661C109.696 90.6889 112.387 91.7257 114.129 93.7477C115.397 95.2198 116.244 97.254 116.
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525  p span[style*="font-size"] { line-height: 1.6; }
526</style><div style="padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;"> The administrators of <b>Claire’s Accessories UK Ltd</b> generated an interim £4 million surplus from trading the retailer through its administration, but still expect no distribution to unsecured creditors as they work through the remaining property and wind-down issues following the sale of the business to <b>CAUKI Limited</b>. Joint administrators <b>Will Wright</b> and <b>Chris Pole</b> of <b>Interpath</b> said the administration has been extended for another 12 months and is now due to expire on 12 August 2027. </p></div><style>
527  p span[style*="font-size"] { line-height: 1.6; }
528</style><div style="padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;"> The majority of Claire’s UK business and assets were sold to <b>CAUKI</b> on 27 September 2025. Of the retailer’s store estate, 156 stores transferred to the buyer while the remaining 145 continued trading in administration until 22 November, when the final stores closed. Administrators reported £18.6 million of trading sales and £12.6 million of related trading costs, producing the £4 million interim surplus. They cautioned that further property costs of around £700,000 remain outstanding. </p></div><style>
529  p span[style*="font-size"] { line-height: 1.6; }
530</style><div style="padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;"> The administrators also received £1.8 million in rent payments under licence-to-occupy arrangements with <b>CAUKI</b>, together with £1.7 million of administration fees payable by the purchaser for managing properties under those arrangements. The estate remains focused on settling leasehold liabilities, including rent, rates and utilities, and completing the return of properties to landlords. </p></div><style>
531  p span[style*="font-size"] { line-height: 1.6; }
532</style><div style="padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;"> On recoveries, <b>JPMorgan Chase Bank</b> has been repaid its preferential claim in full. Employee preferential claims are estimated at approximately £85,049 and are expected to be paid in full, while secondary preferential claims due to <b>HMRC</b> are estimated at £3.4 million and are expected to receive a dividend. The administrators continue to forecast no return for unsecured creditors. </p></div><style>
533  p span[style*="font-size"] { line-height: 1.6; }
534</style><div style="padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;"> The progress report also highlights the cost of the unusually complex trading and property w
534ork. The administrators are seeking creditor approval for an additional £3.19 million of remuneration above their previous estimate, taking the revised fee estimate to approximately £7.21 million. <b>Interpath </b>recorded £1.03 million of time costs during the latest six-month reporting period, representing 1,139 hours at an average hourly rate of £909. The firm attributed the increase principally to managing more than 300 stores across multiple jurisdictions, reconciling trading activity, dealing with leasehold properties and administering the continuing licence-to-occupy arrangements after the sale. </p></div><style>
535  p span[style*="font-size"] { line-height: 1.6; }
536</style><div style="padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;"><a class="link" href="https://insolvency1.nyc3.digitaloceanspaces.com/wp-content/uploads/2026/09/Claires-PR-1.pdf" target="_blank" style="-webkit-text-decoration:underline #990000;color:#990000;font-weight:bold;text-decoration:underline #990000;word-break:break-word;;">Read the administrators’ latest report here</a>. </p></div></div></div></div></div></div></div></div></div></div></div><div class="px-4"></div><div id="comments" class="px-4 space-y-8"></div></div></main><footer class="px-4 sm:px-6 py-8" style="background-color:#ffffff"><div class="mx-auto w-full max-w-6xl"><div class="flex flex-col gap-y-6"><div class="grid grid-cols-1 gap-y-6 sm:grid-cols-3"><div class="sm:px-6"><div class="flex w-full flex-col items-center 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}\n  .table-c { padding:5px; background-color:#FFFFFF; }\n  .table-c p { color: #2D2D2D; font-family:'Helvetica',Arial,sans-serif !important; overflow-wrap: break-word; }\n  .table-h { padding:5px; background-color:#F1F1F1; }\n  .table-h p { color: #2A2A2A; font-family:'Trebuchet MS','Lucida Grande',Tahoma,sans-serif !important; overflow-wrap: break-word; }\n\u003c/style\u003e\u003c/head\u003e\u003cbody class='bg-wt-background' style='color: var(--wt-text-on-background-color) !important;'\u003e\u003cdiv class='rendered-post' style='max-width: 672px; margin: 0 auto;'\u003e\u003cdiv class='bg-wt-background text-wt-text-on-background'\u003e\u003cdiv style='padding-top:1.5rem; padding-bottom:1.5rem;'\u003e\u003cstyle\u003e\n  .bh__byline_wrapper {\n    font-size: .875rem;\n    line-height: 1.25rem;\n    vertical-align: middle;\n    justify-content: space-between;\n    display: block;\n  }\n  \n  .bh__byline_social_wrapper {\n    display: flex;\n    margin-top: 0.5rem;
553\n    align-items: center;\n  }\n  \n  .bh__byline_social_wrapper \u003e * + * {\n    margin-left: 0.5rem;\n  }\n  \n  @media (min-width: 768px) {\n    .bh__byline_wrapper {\n      display: flex;\n    }\n  \n    .bh__byline_social_wrapper {\n      margin-top: 0rem;\n    }\n  }\n\u003c/style\u003e\u003cdiv id='web-header' style='padding-left: 15px; padding-right: 15px; color: var(--wt-text-on-background-color) !important; padding-bottom: 2rem;'\u003e\u003ch1 style='font-size: 36px; font-family:\u0026#39;Trebuchet MS\u0026#39;,\u0026#39;Lucida Grande\u0026#39;,Tahoma,sans-serif; line-height: 2.5rem; padding-bottom: 8px; font-weight: 700;'\u003eClaire’s UK administration generates £4 million trading surplus as fees rise\u003c/h1\u003e\u003ch2 style='font-size: 20px; font-family:\u0026#39;Helvetica\u0026#39;,Arial,sans-serif; line-height: 1.75rem; padding-bottom: 20px; font-weight: 400;'\u003eInterpath administrators expect ordinary preferential creditors to be paid in full, but unsecured creditors remain out of the money\u003c/h2\u003e\u003cdiv class='bh__byline_wrapper'\u003e\u003cdiv\u003e\u003cdiv style='display:flex;'\u003e\u003cdiv style='display:flex; flex-direction:row; justify-content:flex-start;'\u003e\u003cdiv style='display:flex;'\u003e\u003cimg alt='Author' height='40' src='https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/user/profile_picture/3ba2d7ea-4eb4-46d9-a83a-8d0492aa2341/thumb_1712441836263.jpg' style='height:40px;width:40px;border:4px solid rgba(0,0,0,0);left:-4px;z-index:1;box-sizing:content-box;position:relative;border-radius:9999px;' width='40'\u003e\u003c/div\u003e\u003cdiv style='display:flex; align-items:center;'\u003e\u003cp style='left:8px;position:relative;font-family:\u0026#39;Helvetica\u0026#39;,Arial,sans-serif;font-weight:normal;font-size:14px;color: var(--wt-text-on-background-color);margin:0px;line-height:20px;'\u003e\u003cspan\u003e\u003ca href=\"https://insolvency-insider.co.uk/authors/dina-kovacevic\" target=\"_blank\" style=\"color:var(--wt-text-on-background-color) !important;text-decoration:underline !important;\"\u003eDina Kovacevic\u003c/a\u003e\u003c/span\u003e\u003cbr\u003e\u003cspan class='text-wt-text-on-background' style='opacity:0.75;'\u003e September 23, 2026 \u003c/span\u003e\u003c/p\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv class='bh__byline_social_wrapper'\u003e\u003ca href='https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Finsolvency-insider.co.uk%2Fp%2Fclaire-s-uk-administration-generates-4-million-trading-surplus-as-fees-rise' target='_blank'\u003e\u003cdiv style='max-width:28px;'\u003e\u003csvg fill='none' height='100%' viewBox='0 0 212 212' width='100%' xmlns='http://www.w3.org/2000/svg'\u003e\u003ccircle cx='106.214' cy='105.5' fill-opacity='0.15' fill='#9CA3AF' r='105.5'\u003e\u003c/circle\u003e\u003cpath d='M96.9223 92.1778H87.0327V105.498H96.9223V145.461H113.405V105.498H125.273L126.591 92.1778H113.405V86.5165C113.405 83.5193 114.064 82.1873 117.031 82.1873H126.591V65.5364H114.064C102.197 65.5364 96.9223 70.8647 96.9223 80.8552V92.1778Z' fill='#BAC2CE'\u003e\u003c/path\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003ca href='https://twitter.com/intent/tweet?text=Interpath+administrators+expect+ordinary+preferential+creditors+to+be+paid+in+full%2C+but+unsecured+creditors+remain+out+of+the+money\u0026url=https%3A%2F%2Finsolvency-insider.co.uk%2Fp%2Fclaire-s-uk-administration-generates-4-million-trading-surplus-as-fees-rise' target='_blank'\u003e\u003cdiv style='max-width:28px;'\u003e\u003csvg fill='none' height='100%' viewBox='0 0 52 52' width='100%' xmlns='http://www.w3.org/2000/svg'\u003e\u003ccircle cx='26' cy='26' fill-opacity='0.15' fill='#9CA3AF' r='26'\u003e\u003c/circle\u003e\u003cpath d='M18.244 2.25h3.308l-7.227 8.26 8.502 11.24H16.17l-5.214-6.817L4.99 21.75H1.68l7.73-8.835L1.254 2.25H8.08l4.713 6.231zm-1.161 17.52h1.833L7.084 4.126H5.117z' fill='#BAC2CE' transform='translate(14,14)'\u003e\u003c/path\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003ca href='https://www.threads.net/intent/post?text=Interpath+administrators+expect+ordinary+preferential+creditors+to+be+paid+in+full%2C+but+unsecured+creditors+remain+out+of+the+money+https%3A%2F%2Finsolvency-insider.co.uk%2Fp%2Fclaire-s-uk-administration-generates-4-million-trading-surplus-as-fees-rise' target='_blank'\u003e\u003cdiv style='max-width:28px;
553'\u003e\u003csvg fill='none' height='100%' viewBox='0 0 211 211' width='100%' xmlns='http://www.w3.org/2000/svg'\u003e\u003ccircle cx='105.5' cy='105.5' fill-opacity='0.15' fill='#9CA3AF' r='105.5'\u003e\u003c/circle\u003e\u003cpath d='M125.185 102.469C124.828 102.298 124.465 102.133 124.097 101.975C123.456 90.1702 117.006 83.4121 106.175 83.3429C106.126 83.3426 106.077 83.3426 106.028 83.3426C99.5502 83.3426 94.1624 86.1078 90.8463 91.1396L96.8028 95.2256C99.2801 91.4671 103.168 90.6658 106.031 90.6658C106.064 90.6658 106.097 90.6658 106.13 90.6661C109.696 90.6889 112.387 91.7257 114.129 93.7477C115.397 95.2198 116.244 97.254 116.664 99.8213C113.502 99.2839 110.083 99.1187 106.427 99.3283C96.13 99.9214 89.5101 105.927 89.9547 114.272C90.1803 118.505 92.2891 122.147 95.8924 124.526C98.9389 126.537 102.863 127.52 106.941 127.297C112.326 127.002 116.551 124.948 119.498 121.19C121.737 118.337 123.152 114.64 123.777 109.981C126.344 111.53 128.246 113.568 129.296 116.019C131.083 120.184 131.187 127.028 125.602 132.608C120.709 137.496 114.827 139.611 105.938 139.677C96.0779 139.603 88.6207 136.441 83.7723 130.278C79.2321 124.506 76.8857 116.17 76.7982 105.5C76.8857 94.8301 79.2321 86.4937 83.7723 80.7222C88.6207 74.5587 96.0778 71.3965 105.938 71.3232C115.87 71.3971 123.457 74.5745 128.491 80.7677C130.959 83.8048 132.82 87.6242 134.047 92.0775L141.028 90.2151C139.54 84.7337 137.2 80.0102 134.016 76.0929C127.563 68.1529 118.124 64.0844 105.962 64H105.914C93.777 64.0841 84.4441 68.1681 78.1742 76.1384C72.5949 83.2311 69.7169 93.1 69.6202 105.471L69.6199 105.5L69.6202 105.529C69.7169 117.9 72.5949 127.769 78.1742 134.862C84.4441 142.832 93.777 146.916 105.914 147H105.962C116.753 146.925 124.358 144.1 130.624 137.84C138.822 129.65 138.575 119.385 135.873 113.083C133.934 108.564 130.239 104.893 125.185 102.469ZM106.555 119.985C102.042 120.239 97.3533 118.213 97.1221 113.874C96.9507 110.657 99.4116 107.067 106.832 106.64C107.682 106.591 108.516 106.567 109.335 106.567C112.03 106.567 114.552 106.829 116.844 107.33C115.989 118.008 110.974 119.742 106.555 119.985Z' fill='#BAC2CE'\u003e\u003c/path\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003ca href='https://www.linkedin.com/sharing/share-offsite?url=https%3A%2F%2Finsolvency-insider.co.uk%2Fp%2Fclaire-s-uk-administration-generates-4-million-trading-surplus-as-fees-rise' target='_blank'\u003e\u003cdiv style='max-width:28px;'\u003e\u003csvg fill='none' height='100%' viewBox='0 0 211 211' width='100%' xmlns='http://www.w3.org/2000/svg'\u003e\u003ccircle cx='105.5' cy='105.5' fill-opacity='0.15' fill='#9CA3AF' r='105.5'\u003e\u003c/circle\u003e\u003cpath d='M82.1892 75.4698C82.1892 80.1362 78.526 83.8026 73.8638 83.8026C69.2015 83.8026 65.5383 80.1362 65.5383 75.4698C65.5383 70.8034 69.2015 67.137 73.8638 67.137C78.526 67.137 82.1892 70.8034 82.1892 75.4698ZM82.1892 90.4689H65.5383V143.799H82.1892V90.4689ZM108.831 90.4689H92.1797V143.799H108.831V115.801C108.831 100.135 128.812 98.8017 128.812 115.801V143.799H145.463V110.134C145.463 83.8026 115.824 84.8026 108.831 97.8018V90.4689Z' fill='#BAC2CE'\u003e\u003c/path\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv style='padding-bottom:2rem;'\u003e\u003cimg style=\"margin-left:auto; margin-right:auto;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/d0932314-7ca2-4f2a-9fb3-2d858ddf5bb2/image.png?t=1790210600\"/\u003e\u003c/div\u003e\u003cdiv id='content-blocks'\u003e\u003cstyle\u003e\n  p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;\"\u003e The administrators of \u003cb\u003eClaire’s Accessories UK Ltd\u003c/b\u003e generated an interim £4 million surplus from trading the retailer through its administration, but still expect no distribution to unsecured creditors as they work through the remaining property and wind-down issues following the sale of the business to \u003cb\u003eCAUKI Limited\u003c/b\u003e. Joint administrators \u003cb\u003eWill Wright\u003c/b\u003e and \u003cb\u003eChris Pole\u003c/b\u003e of \u003cb\u003eInterpath\u003c/b\u003e said the administration has been extended for another 12 months and is now due to expire on 12 August 2027. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n  p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;\"\u003e The majority of Claire’s UK business and assets were sold to \u003cb\u003eCAUKI\u003c/b\u003e on 27 September 2025. Of the retailer’s store estate, 156 stores transferred to the buyer while the remaining 145 continued trading in administration until 22 November, when the final stores closed. Administrators reported £18.6 million of trading sales and £12.6 million of related trading costs, producing the £4 million interim surplus. They cautioned that further property costs of around £700,000 remain outstanding. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n  p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;\"\u003e The administrators also received £1.8 million in rent payments under licence-to-occupy arrangements with \u003cb\u003eCAUKI\u003c/b\u003e, together with £1.7 million of administration fees payable by the purchaser for managing properties under those arrangements. The estate remains focused on settling leasehold liabilities, including rent, rates and utilities, and completing the return of properties to landlords. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n  p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;\"\u003e On recoveries, \u003cb\u003eJPMorgan Chase Bank\u003c/b\u003e has been repaid its preferential claim in full. Employee preferential claims are estimated at approximately £85,049 and are expected to be paid in full, while secondary preferential claims due to \u003cb\u003eHMRC\u003c/b\u003e are estimated at £3.4 million and are expected to receive a dividend. The administrators continue to forecast no return for unsecured creditors. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n  p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;\"\u003e The progress report also highlights the cost of the unusually complex trading and property w
553ork. The administrators are seeking creditor approval for an additional £3.19 million of remuneration above their previous estimate, taking the revised fee estimate to approximately £7.21 million. \u003cb\u003eInterpath \u003c/b\u003erecorded £1.03 million of time costs during the latest six-month reporting period, representing 1,139 hours at an average hourly rate of £909. The firm attributed the increase principally to managing more than 300 stores across multiple jurisdictions, reconciling trading activity, dealing with leasehold properties and administering the continuing licence-to-occupy arrangements after the sale. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n  p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;\"\u003e\u003ca class=\"link\" href=\"https://insolvency1.nyc3.digitaloceanspaces.com/wp-content/uploads/2026/09/Claires-PR-1.pdf\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #990000;color:#990000;font-weight:bold;text-decoration:underline #990000;word-break:break-word;;\"\u003eRead the administrators’ latest report here\u003c/a\u003e. \u003c/p\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/body\u003e\u003c/html\u003e","hide_premium_post":false,"contains_subscriber_break":false,"is_accessible_for_free":true,"paywall_shown":false,"metered_usage_shown":false,"metered_viewed_count":null,"force_premium":false,"enforce_paywall_breaks":true,"display_thumbnail_on_web":true,"display_title_on_web":true,"display_subtitle_on_web":true,"author_urls":{"3ba2d7ea-4eb4-46d9-a83a-8d0492aa2341":"https://insolvency-insider.co.uk/authors/dina-kovacevic"},"custom_structured_data":null,"tiptap_state":null},"publication":{"id":"7ac22802-f13b-48a3-97af-fa9c7b722f0e","name":"Insolvency Insider UK","description":"Essential UK insolvency news, trends and legal updates","tags":[],"url":"https://insolvency-insider.co.uk/","web_theme":{"primary_color":"#990000","text_on_primary_color":"#FFFFFF","secondary_color":"#F9FAFB","text_on_secondary_color":"#030712","tertiary_color":"#FFFFFF","text_on_tertiary_color":"#222222","background_color":"#FFFFFF","text_on_background_color":"#222222","subscribe_background_color":"#FFFFFF","text_on_subscribe_background_color":"#222222","subscribe_theme":"light","content_theme":"light","border_style":"round","border_radius":"8px","border_color":"#E5E7EB","header_font":"Roboto","body_font":"Open Sans","button_font":"Roboto","logo_shadow":"md","post_page_custom_css":"","name":null,"purpose":"web","owner_id":"7ac22802-f13b-48a3-97af-fa9c7b722f0e"},"cta_text":"Subscribe ","copyright_text":null,"noindex_enabled":false,"double_opt_required":false,"premium_enabled":false,"premium_purchasable":false,"premium_offering_name":"Premium Membership","premium_summary":null,"premium_features":[],"stripe_user_id":null,"facebook_url":null,"instagram_url":null,"linkedin_url":"https://www.linkedin.com/showcase/insolvency-insider-uk","tiktok_url":null,"twitter_url":"","youtube_url":null,"discord_url":null,"threads_url":null,"tiktok_pixel":null,"facebook_pixel":null,"google_analytics_4_pixel":"G-YH4BSX3CJ4","ga4_consent_mode_enabled":false,"twitter_pixel":null,"google_analytics_pixel":null,"gtm_pixel":null,"advertiser_pixel_id":null,"gsc_verification_code":null,"nectar_id":"1bc90cd3-0504-455e-aa76-7c5b10924375","nectar_analytics_enabled":true,"nectar_analytics_settings":{"page_view_tracking":true,"click_tracking":true,"ip_tracking":true,"batch_size":10,"batch_timeout_ms":5000},"post_subscribe_form_id":"0008ddcf-aef3-410a-bdd1-98a585168def","post_unsubscribe_form_id":null,"downgrade_form_id":null,"website_suspended":false,"email_sender_name":"Insolvency Insider","render_authors_widget":true,"render_breadcrumbs":true,"render_pagination":true,"enable_cookie_banner":null,"enable_signup_confirmation":null,"terms_of_service":null,"has_referral_program":true,"has_recommendations":false,"beehiiv_branding":false,"footer_referral_utm_source":"insolvency_insider_uk","has_polls":true,"has_products":true,"has_product_reviews":true,"has_product_instant_redemption":true,"stripe_payment_method_domain_enabled":false,"has_pages":true,"language":"en","time_zone"
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553\n    align-items: center;\n  }\n  \n  .bh__byline_social_wrapper \u003e * + * {\n    margin-left: 0.5rem;\n  }\n  \n  @media (min-width: 768px) {\n    .bh__byline_wrapper {\n      display: flex;\n    }\n  \n    .bh__byline_social_wrapper {\n      margin-top: 0rem;\n    }\n  }\n\u003c/style\u003e\u003cdiv id=\"web-header\" style=\"padding-left: 15px; padding-right: 15px; color: var(--wt-text-on-background-color) !important; padding-bottom: 2rem;\"\u003e\u003ch1 style=\"font-size: 36px; font-family:'Trebuchet MS','Lucida Grande',Tahoma,sans-serif; line-height: 2.5rem; padding-bottom: 8px; font-weight: 700;\"\u003eClaire’s UK administration generates £4 million trading surplus as fees rise\u003c/h1\u003e\u003ch2 style=\"font-size: 20px; font-family:'Helvetica',Arial,sans-serif; line-height: 1.75rem; padding-bottom: 20px; font-weight: 400;\"\u003eInterpath administrators expect ordinary preferential creditors to be paid in full, but unsecured creditors remain out of the money\u003c/h2\u003e\u003cdiv class=\"bh__byline_wrapper\"\u003e\u003cdiv\u003e\u003cdiv style=\"display:flex;\"\u003e\u003cdiv style=\"display:flex; flex-direction:row; justify-content:flex-start;\"\u003e\u003cdiv style=\"display:flex;\"\u003e\u003cimg alt=\"Author\" height=\"40\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/user/profile_picture/3ba2d7ea-4eb4-46d9-a83a-8d0492aa2341/thumb_1712441836263.jpg\" style=\"height:40px;width:40px;border:4px solid rgba(0,0,0,0);left:-4px;z-index:1;box-sizing:content-box;position:relative;border-radius:9999px;\" width=\"40\"\u003e\u003c/div\u003e\u003cdiv style=\"display:flex; align-items:center;\"\u003e\u003cp style=\"left:8px;position:relative;font-family:'Helvetica',Arial,sans-serif;font-weight:normal;font-size:14px;color: var(--wt-text-on-background-color);margin:0px;line-height:20px;\"\u003e\u003cspan\u003e\u003ca href=\"https://insolvency-insider.co.uk/authors/dina-kovacevic\" target=\"_blank\" style=\"color:var(--wt-text-on-background-color) !important;text-decoration:underline !important;\"\u003eDina Kovacevic\u003c/a\u003e\u003c/span\u003e\u003cbr\u003e\u003cspan class=\"text-wt-text-on-background\" style=\"opacity:0.75;\"\u003e September 23, 2026 \u003c/span\u003e\u003c/p\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv class=\"bh__byline_social_wrapper\"\u003e\u003ca href=\"https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Finsolvency-insider.co.uk%2Fp%2Fclaire-s-uk-administration-generates-4-million-trading-surplus-as-fees-rise\" target=\"_blank\"\u003e\u003cdiv style=\"max-width:28px;\"\u003e\u003csvg fill=\"none\" height=\"100%\" viewBox=\"0 0 212 212\" width=\"100%\" xmlns=\"http://www.w3.org/2000/svg\"\u003e\u003ccircle cx=\"106.214\" cy=\"105.5\" fill-opacity=\"0.15\" fill=\"#9CA3AF\" r=\"105.5\"\u003e\u003c/circle\u003e\u003cpath d=\"M96.9223 92.1778H87.0327V105.498H96.9223V145.461H113.405V105.498H125.273L126.591 92.1778H113.405V86.5165C113.405 83.5193 114.064 82.1873 117.031 82.1873H126.591V65.5364H114.064C102.197 65.5364 96.9223 70.8647 96.9223 80.8552V92.1778Z\" fill=\"#BAC2CE\"\u003e\u003c/path\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003ca href=\"https://twitter.com/intent/tweet?text=Interpath+administrators+expect+ordinary+preferential+creditors+to+be+paid+in+full%2C+but+unsecured+creditors+remain+out+of+the+money\u0026amp;url=https%3A%2F%2Finsolvency-insider.co.uk%2Fp%2Fclaire-s-uk-administration-generates-4-million-trading-surplus-as-fees-rise\" target=\"_blank\"\u003e\u003cdiv style=\"max-width:28px;\"\u003e\u003csvg fill=\"none\" height=\"100%\" viewBox=\"0 0 52 52\" width=\"100%\" xmlns=\"http://www.w3.org/2000/svg\"\u003e\u003ccircle cx=\"26\" cy=\"26\" fill-opacity=\"0.15\" fill=\"#9CA3AF\" r=\"26\"\u003e\u003c/circle\u003e\u003cpath d=\"M18.244 2.25h3.308l-7.227 8.26 8.502 11.24H16.17l-5.214-6.817L4.99 21.75H1.68l7.73-8.835L1.254 2.25H8.08l4.713 6.231zm-1.161 17.52h1.833L7.084 4.126H5.117z\" fill=\"#BAC2CE\" transform=\"translate(14,14)\"\u003e\u003c/path\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003ca href=\"https://www.threads.net/intent/post?text=Interpath+administrators+expect+ordinary+preferential+creditors+to+be+paid+in+full%2C+but+unsecured+creditors+remain+out+of+the+money+https%3A%2F%2Finsolvency-insider.co.uk%2Fp%2Fclaire-s-uk-administration-generates-4-million-trading-surplus-as-fees-rise\" target=\"_blank\"\u003e\u003cdiv style=\"max-width:28px;\"\u003e\u003csvg fill=\"none\" height=\"100%\" viewBox=\"0 0 211 211\" width=\"100%\" xmlns=\"http://www.w3.org/2000/svg\"\u003e\u003ccircle cx=\"105.5\" cy=\"105.5\" fill-opacity=\"0.15\" fill=\"#9CA3AF\" r=\"105.5\"\u003e\u003c/circle\u003e\u003cpath d=\"M125.185 102.469C124.828 102.298 124.465 102.133 124.097 101.975C123.456 90.1702 117.006 83.4121 106.175 83.3429C106.126 83.3426 106.077 83.3426 106.028 83.3426C99.5502 83.3426 94.1624 86.1078 90.8463 91.1396L96.8028 95.2256C99.2801 91.4671 103.168 90.6658 106.031 90.6658C106.064 90.6658 106.097 90.6658 106.13 90.6661C109.696 90.6889 112.387 91.7257 114.129 93.7477C115.397 95.2198 116.244 97.254 116.
553664 99.8213C113.502 99.2839 110.083 99.1187 106.427 99.3283C96.13 99.9214 89.5101 105.927 89.9547 114.272C90.1803 118.505 92.2891 122.147 95.8924 124.526C98.9389 126.537 102.863 127.52 106.941 127.297C112.326 127.002 116.551 124.948 119.498 121.19C121.737 118.337 123.152 114.64 123.777 109.981C126.344 111.53 128.246 113.568 129.296 116.019C131.083 120.184 131.187 127.028 125.602 132.608C120.709 137.496 114.827 139.611 105.938 139.677C96.0779 139.603 88.6207 136.441 83.7723 130.278C79.2321 124.506 76.8857 116.17 76.7982 105.5C76.8857 94.8301 79.2321 86.4937 83.7723 80.7222C88.6207 74.5587 96.0778 71.3965 105.938 71.3232C115.87 71.3971 123.457 74.5745 128.491 80.7677C130.959 83.8048 132.82 87.6242 134.047 92.0775L141.028 90.2151C139.54 84.7337 137.2 80.0102 134.016 76.0929C127.563 68.1529 118.124 64.0844 105.962 64H105.914C93.777 64.0841 84.4441 68.1681 78.1742 76.1384C72.5949 83.2311 69.7169 93.1 69.6202 105.471L69.6199 105.5L69.6202 105.529C69.7169 117.9 72.5949 127.769 78.1742 134.862C84.4441 142.832 93.777 146.916 105.914 147H105.962C116.753 146.925 124.358 144.1 130.624 137.84C138.822 129.65 138.575 119.385 135.873 113.083C133.934 108.564 130.239 104.893 125.185 102.469ZM106.555 119.985C102.042 120.239 97.3533 118.213 97.1221 113.874C96.9507 110.657 99.4116 107.067 106.832 106.64C107.682 106.591 108.516 106.567 109.335 106.567C112.03 106.567 114.552 106.829 116.844 107.33C115.989 118.008 110.974 119.742 106.555 119.985Z\" fill=\"#BAC2CE\"\u003e\u003c/path\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003ca href=\"https://www.linkedin.com/sharing/share-offsite?url=https%3A%2F%2Finsolvency-insider.co.uk%2Fp%2Fclaire-s-uk-administration-generates-4-million-trading-surplus-as-fees-rise\" target=\"_blank\"\u003e\u003cdiv style=\"max-width:28px;\"\u003e\u003csvg fill=\"none\" height=\"100%\" viewBox=\"0 0 211 211\" width=\"100%\" xmlns=\"http://www.w3.org/2000/svg\"\u003e\u003ccircle cx=\"105.5\" cy=\"105.5\" fill-opacity=\"0.15\" fill=\"#9CA3AF\" r=\"105.5\"\u003e\u003c/circle\u003e\u003cpath d=\"M82.1892 75.4698C82.1892 80.1362 78.526 83.8026 73.8638 83.8026C69.2015 83.8026 65.5383 80.1362 65.5383 75.4698C65.5383 70.8034 69.2015 67.137 73.8638 67.137C78.526 67.137 82.1892 70.8034 82.1892 75.4698ZM82.1892 90.4689H65.5383V143.799H82.1892V90.4689ZM108.831 90.4689H92.1797V143.799H108.831V115.801C108.831 100.135 128.812 98.8017 128.812 115.801V143.799H145.463V110.134C145.463 83.8026 115.824 84.8026 108.831 97.8018V90.4689Z\" fill=\"#BAC2CE\"\u003e\u003c/path\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:2rem;\"\u003e\u003cimg style=\"margin-left:auto; margin-right:auto;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/d0932314-7ca2-4f2a-9fb3-2d858ddf5bb2/image.png?t=1790210600\"\u003e\u003c/div\u003e\u003cdiv id=\"content-blocks\"\u003e\u003cstyle\u003e\n  p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;\"\u003e The administrators of \u003cb\u003eClaire’s Accessories UK Ltd\u003c/b\u003e generated an interim £4 million surplus from trading the retailer through its administration, but still expect no distribution to unsecured creditors as they work through the remaining property and wind-down issues following the sale of the business to \u003cb\u003eCAUKI Limited\u003c/b\u003e. Joint administrators \u003cb\u003eWill Wright\u003c/b\u003e and \u003cb\u003eChris Pole\u003c/b\u003e of \u003cb\u003eInterpath\u003c/b\u003e said the administration has been extended for another 12 months and is now due to expire on 12 August 2027. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n  p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;\"\u003e The majority of Claire’s UK business and assets were sold to \u003cb\u003eCAUKI\u003c/b\u003e on 27 September 2025. Of the retailer’s store estate, 156 stores transferred to the buyer while the remaining 145 continued trading in administration until 22 November, when the final stores closed. Administrators reported £18.6 million of trading sales and £12.6 million of related trading costs, producing the £4 million interim surplus. They cautioned that further property costs of around £700,000 remain outstanding. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n  p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;\"\u003e The administrators also received £1.8 million in rent payments under licence-to-occupy arrangements with \u003cb\u003eCAUKI\u003c/b\u003e, together with £1.7 million of administration fees payable by the purchaser for managing properties under those arrangements. The estate remains focused on settling leasehold liabilities, including rent, rates and utilities, and completing the return of properties to landlords. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n  p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;\"\u003e On recoveries, \u003cb\u003eJPMorgan Chase Bank\u003c/b\u003e has been repaid its preferential claim in full. Employee preferential claims are estimated at approximately £85,049 and are expected to be paid in full, while secondary preferential claims due to \u003cb\u003eHMRC\u003c/b\u003e are estimated at £3.4 million and are expected to receive a dividend. The administrators continue to forecast no return for unsecured creditors. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n  p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;\"\u003e The progress report also highlights the cost of the unusually complex trading and property w
553ork. The administrators are seeking creditor approval for an additional £3.19 million of remuneration above their previous estimate, taking the revised fee estimate to approximately £7.21 million. \u003cb\u003eInterpath \u003c/b\u003erecorded £1.03 million of time costs during the latest six-month reporting period, representing 1,139 hours at an average hourly rate of £909. The firm attributed the increase principally to managing more than 300 stores across multiple jurisdictions, reconciling trading activity, dealing with leasehold properties and administering the continuing licence-to-occupy arrangements after the sale. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n  p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;\"\u003e\u003ca class=\"link\" href=\"https://insolvency1.nyc3.digitaloceanspaces.com/wp-content/uploads/2026/09/Claires-PR-1.pdf\" target=\"_blank\" style=\"-webkit-text-decoration:underline #990000;color:#990000;font-weight:bold;text-decoration:underline #990000;word-break:break-word;;\"\u003eRead the administrators’ latest report here\u003c/a\u003e. \u003c/p\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e","truncatedHtml":"\u003cdiv\u003e\u003cdiv\u003e\u003clink href=\"https://fonts.gstatic.com\" rel=\"preconnect\"\u003e\u003clink href=\"https://fonts.googleapis.com/css2?family=Roboto\u0026amp;display=swap\" rel=\"stylesheet\"\u003e\u003clink href=\"https://fonts.googleapis.com/css2?family=Open+Sans\u0026amp;display=swap\" rel=\"stylesheet\"\u003e\u003clink href=\"https://fonts.googleapis.com/css2?family=Roboto\u0026amp;display=swap\" rel=\"stylesheet\"\u003e\u003cstyle type=\"text/css\"\u003e\n:root {\n  --wt-primary-color: #990000;\n  --wt-text-on-primary-color: #FFFFFF;\n\n  --wt-secondary-color: #F9FAFB;\n  --wt-text-on-secondary-color: #030712;\n\n  --wt-tertiary-color: #FFFFFF;\n  --wt-text-on-tertiary-color: #222222;\n\n  --wt-background-color: #FFFFFF;\n  --wt-text-on-background-color: #222222;\n\n  --wt-subscribe-background-color: #FFFFFF;\n  --wt-text-on-subscribe-background-color: #222222;\n\n  --wt-header-font: \"Roboto\", ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto,\"Helvetica Neue\", Arial, \"Noto Sans\", sans-serif, \"Apple Color Emoji\", \"Segoe UI Emoji\", \"Segoe UI Symbol\", \"Noto Color Emoji\";\n  --wt-body-font: \"Open Sans\", ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, \"Helvetica Neue\", Arial, \"Noto Sans\", sans-serif, \"Apple Color Emoji\", \"Segoe UI Emoji\", \"Segoe UI Symbol\", \"Noto Color Emoji\";\n  --wt-button-font: \"Roboto\", ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, \"Helvetica Neue\", Arial, \"Noto Sans\", sans-serif, \"Apple Color Emoji\", \"Segoe UI Emoji\", \"Segoe UI Symbol\", \"Noto Color Emoji\";\n\n  --wt-border-radius: 8px\n}\n\n.bg-wt-primary { background-color: var(--wt-primary-color); 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}\n  .table-c { padding:5px; background-color:#FFFFFF; }\n  .table-c p { color: #2D2D2D; font-family:'Helvetica',Arial,sans-serif !important; overflow-wrap: break-word; }\n  .table-h { padding:5px; background-color:#F1F1F1; }\n  .table-h p { color: #2A2A2A; font-family:'Trebuchet MS','Lucida Grande',Tahoma,sans-serif !important; overflow-wrap: break-word; }\n\u003c/style\u003e\u003c/div\u003e\u003cdiv class=\"bg-wt-background\" style=\"color: var(--wt-text-on-background-color) !important;\"\u003e\u003cdiv class=\"rendered-post\" style=\"max-width: 672px; margin: 0 auto;\"\u003e\u003cdiv class=\"bg-wt-background text-wt-text-on-background\"\u003e\u003cdiv style=\"padding-top:1.5rem; padding-bottom:1.5rem;\"\u003e\u003cstyle\u003e\n  .bh__byline_wrapper {\n    font-size: .875rem;\n    line-height: 1.25rem;\n    vertical-align: middle;\n    justify-content: space-between;\n    display: block;\n  }\n  \n  .bh__byline_social_wrapper {\n    display: flex;\n    margin-top: 0.5rem;
553\n    align-items: center;\n  }\n  \n  .bh__byline_social_wrapper \u003e * + * {\n    margin-left: 0.5rem;\n  }\n  \n  @media (min-width: 768px) {\n    .bh__byline_wrapper {\n      display: flex;\n    }\n  \n    .bh__byline_social_wrapper {\n      margin-top: 0rem;\n    }\n  }\n\u003c/style\u003e\u003cdiv id=\"web-header\" style=\"padding-left: 15px; padding-right: 15px; color: var(--wt-text-on-background-color) !important; padding-bottom: 2rem;\"\u003e\u003ch1 style=\"font-size: 36px; font-family:'Trebuchet MS','Lucida Grande',Tahoma,sans-serif; line-height: 2.5rem; padding-bottom: 8px; font-weight: 700;\"\u003eClaire’s UK administration generates £4 million trading surplus as fees rise\u003c/h1\u003e\u003ch2 style=\"font-size: 20px; font-family:'Helvetica',Arial,sans-serif; line-height: 1.75rem; padding-bottom: 20px; font-weight: 400;\"\u003eInterpath administrators expect ordinary preferential creditors to be paid in full, but unsecured creditors remain out of the money\u003c/h2\u003e\u003cdiv class=\"bh__byline_wrapper\"\u003e\u003cdiv\u003e\u003cdiv style=\"display:flex;\"\u003e\u003cdiv style=\"display:flex; flex-direction:row; justify-content:flex-start;\"\u003e\u003cdiv style=\"display:flex;\"\u003e\u003cimg alt=\"Author\" height=\"40\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/user/profile_picture/3ba2d7ea-4eb4-46d9-a83a-8d0492aa2341/thumb_1712441836263.jpg\" style=\"height:40px;width:40px;border:4px solid rgba(0,0,0,0);left:-4px;z-index:1;box-sizing:content-box;position:relative;border-radius:9999px;\" width=\"40\"\u003e\u003c/div\u003e\u003cdiv style=\"display:flex; align-items:center;\"\u003e\u003cp style=\"left:8px;position:relative;font-family:'Helvetica',Arial,sans-serif;font-weight:normal;font-size:14px;color: var(--wt-text-on-background-color);margin:0px;line-height:20px;\"\u003e\u003cspan\u003e\u003ca href=\"https://insolvency-insider.co.uk/authors/dina-kovacevic\" target=\"_blank\" style=\"color:var(--wt-text-on-background-color) !important;text-decoration:underline !important;\"\u003eDina Kovacevic\u003c/a\u003e\u003c/span\u003e\u003cbr\u003e\u003cspan class=\"text-wt-text-on-background\" style=\"opacity:0.75;\"\u003e September 23, 2026 \u003c/span\u003e\u003c/p\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv class=\"bh__byline_social_wrapper\"\u003e\u003ca href=\"https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Finsolvency-insider.co.uk%2Fp%2Fclaire-s-uk-administration-generates-4-million-trading-surplus-as-fees-rise\" target=\"_blank\"\u003e\u003cdiv style=\"max-width:28px;\"\u003e\u003csvg fill=\"none\" height=\"100%\" viewBox=\"0 0 212 212\" width=\"100%\" xmlns=\"http://www.w3.org/2000/svg\"\u003e\u003ccircle cx=\"106.214\" cy=\"105.5\" fill-opacity=\"0.15\" fill=\"#9CA3AF\" r=\"105.5\"\u003e\u003c/circle\u003e\u003cpath d=\"M96.9223 92.1778H87.0327V105.498H96.9223V145.461H113.405V105.498H125.273L126.591 92.1778H113.405V86.5165C113.405 83.5193 114.064 82.1873 117.031 82.1873H126.591V65.5364H114.064C102.197 65.5364 96.9223 70.8647 96.9223 80.8552V92.1778Z\" fill=\"#BAC2CE\"\u003e\u003c/path\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003ca href=\"https://twitter.com/intent/tweet?text=Interpath+administrators+expect+ordinary+preferential+creditors+to+be+paid+in+full%2C+but+unsecured+creditors+remain+out+of+the+money\u0026amp;url=https%3A%2F%2Finsolvency-insider.co.uk%2Fp%2Fclaire-s-uk-administration-generates-4-million-trading-surplus-as-fees-rise\" target=\"_blank\"\u003e\u003cdiv style=\"max-width:28px;\"\u003e\u003csvg fill=\"none\" height=\"100%\" viewBox=\"0 0 52 52\" width=\"100%\" xmlns=\"http://www.w3.org/2000/svg\"\u003e\u003ccircle cx=\"26\" cy=\"26\" fill-opacity=\"0.15\" fill=\"#9CA3AF\" r=\"26\"\u003e\u003c/circle\u003e\u003cpath d=\"M18.244 2.25h3.308l-7.227 8.26 8.502 11.24H16.17l-5.214-6.817L4.99 21.75H1.68l7.73-8.835L1.254 2.25H8.08l4.713 6.231zm-1.161 17.52h1.833L7.084 4.126H5.117z\" fill=\"#BAC2CE\" transform=\"translate(14,14)\"\u003e\u003c/path\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003ca href=\"https://www.threads.net/intent/post?text=Interpath+administrators+expect+ordinary+preferential+creditors+to+be+paid+in+full%2C+but+unsecured+creditors+remain+out+of+the+money+https%3A%2F%2Finsolvency-insider.co.uk%2Fp%2Fclaire-s-uk-administration-generates-4-million-trading-surplus-as-fees-rise\" target=\"_blank\"\u003e\u003cdiv style=\"max-width:28px;\"\u003e\u003csvg fill=\"none\" height=\"100%\" viewBox=\"0 0 211 211\" width=\"100%\" xmlns=\"http://www.w3.org/2000/svg\"\u003e\u003ccircle cx=\"105.5\" cy=\"105.5\" fill-opacity=\"0.15\" fill=\"#9CA3AF\" r=\"105.5\"\u003e\u003c/circle\u003e\u003cpath d=\"M125.185 102.469C124.828 102.298 124.465 102.133 124.097 101.975C123.456 90.1702 117.006 83.4121 106.175 83.3429C106.126 83.3426 106.077 83.3426 106.028 83.3426C99.5502 83.3426 94.1624 86.1078 90.8463 91.1396L96.8028 95.2256C99.2801 91.4671 103.168 90.6658 106.031 90.6658C106.064 90.6658 106.097 90.6658 106.13 90.6661C109.696 90.6889 112.387 91.7257 114.129 93.7477C115.397 95.2198 116.244 97.254 116.
553664 99.8213C113.502 99.2839 110.083 99.1187 106.427 99.3283C96.13 99.9214 89.5101 105.927 89.9547 114.272C90.1803 118.505 92.2891 122.147 95.8924 124.526C98.9389 126.537 102.863 127.52 106.941 127.297C112.326 127.002 116.551 124.948 119.498 121.19C121.737 118.337 123.152 114.64 123.777 109.981C126.344 111.53 128.246 113.568 129.296 116.019C131.083 120.184 131.187 127.028 125.602 132.608C120.709 137.496 114.827 139.611 105.938 139.677C96.0779 139.603 88.6207 136.441 83.7723 130.278C79.2321 124.506 76.8857 116.17 76.7982 105.5C76.8857 94.8301 79.2321 86.4937 83.7723 80.7222C88.6207 74.5587 96.0778 71.3965 105.938 71.3232C115.87 71.3971 123.457 74.5745 128.491 80.7677C130.959 83.8048 132.82 87.6242 134.047 92.0775L141.028 90.2151C139.54 84.7337 137.2 80.0102 134.016 76.0929C127.563 68.1529 118.124 64.0844 105.962 64H105.914C93.777 64.0841 84.4441 68.1681 78.1742 76.1384C72.5949 83.2311 69.7169 93.1 69.6202 105.471L69.6199 105.5L69.6202 105.529C69.7169 117.9 72.5949 127.769 78.1742 134.862C84.4441 142.832 93.777 146.916 105.914 147H105.962C116.753 146.925 124.358 144.1 130.624 137.84C138.822 129.65 138.575 119.385 135.873 113.083C133.934 108.564 130.239 104.893 125.185 102.469ZM106.555 119.985C102.042 120.239 97.3533 118.213 97.1221 113.874C96.9507 110.657 99.4116 107.067 106.832 106.64C107.682 106.591 108.516 106.567 109.335 106.567C112.03 106.567 114.552 106.829 116.844 107.33C115.989 118.008 110.974 119.742 106.555 119.985Z\" fill=\"#BAC2CE\"\u003e\u003c/path\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003ca href=\"https://www.linkedin.com/sharing/share-offsite?url=https%3A%2F%2Finsolvency-insider.co.uk%2Fp%2Fclaire-s-uk-administration-generates-4-million-trading-surplus-as-fees-rise\" target=\"_blank\"\u003e\u003cdiv style=\"max-width:28px;\"\u003e\u003csvg fill=\"none\" height=\"100%\" viewBox=\"0 0 211 211\" width=\"100%\" xmlns=\"http://www.w3.org/2000/svg\"\u003e\u003ccircle cx=\"105.5\" cy=\"105.5\" fill-opacity=\"0.15\" fill=\"#9CA3AF\" r=\"105.5\"\u003e\u003c/circle\u003e\u003cpath d=\"M82.1892 75.4698C82.1892 80.1362 78.526 83.8026 73.8638 83.8026C69.2015 83.8026 65.5383 80.1362 65.5383 75.4698C65.5383 70.8034 69.2015 67.137 73.8638 67.137C78.526 67.137 82.1892 70.8034 82.1892 75.4698ZM82.1892 90.4689H65.5383V143.799H82.1892V90.4689ZM108.831 90.4689H92.1797V143.799H108.831V115.801C108.831 100.135 128.812 98.8017 128.812 115.801V143.799H145.463V110.134C145.463 83.8026 115.824 84.8026 108.831 97.8018V90.4689Z\" fill=\"#BAC2CE\"\u003e\u003c/path\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:2rem;\"\u003e\u003cimg style=\"margin-left:auto; margin-right:auto;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/d0932314-7ca2-4f2a-9fb3-2d858ddf5bb2/image.png?t=1790210600\"\u003e\u003c/div\u003e\u003cdiv id=\"content-blocks\"\u003e\u003cstyle\u003e\n  p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;\"\u003e The administrators of \u003cb\u003eClaire’s Accessories UK Ltd\u003c/b\u003e generated an interim £4 million surplus from trading the retailer through its administration, but still expect no distribution to unsecured creditors as they work through the remaining property and wind-down issues following the sale of the business to \u003cb\u003eCAUKI Limited\u003c/b\u003e. Joint administrators \u003cb\u003eWill Wright\u003c/b\u003e and \u003cb\u003eChris Pole\u003c/b\u003e of \u003cb\u003eInterpath\u003c/b\u003e said the administration has been extended for another 12 months and is now due to expire on 12 August 2027. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n  p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;\"\u003e The majority of Claire’s UK business and assets were sold to \u003cb\u003eCAUKI\u003c/b\u003e on 27 September 2025. Of the retailer’s store estate, 156 stores transferred to the buyer while the remaining 145 continued trading in administration until 22 November, when the final stores closed. Administrators reported £18.6 million of trading sales and £12.6 million of related trading costs, producing the £4 million interim surplus. They cautioned that further property costs of around £700,000 remain outstanding. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n  p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;\"\u003e The administrators also received £1.8 million in rent payments under licence-to-occupy arrangements with \u003cb\u003eCAUKI\u003c/b\u003e, together with £1.7 million of administration fees payable by the purchaser for managing properties under those arrangements. The estate remains focused on settling leasehold liabilities, including rent, rates and utilities, and completing the return of properties to landlords. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n  p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;\"\u003e On recoveries, \u003cb\u003eJPMorgan Chase Bank\u003c/b\u003e has been repaid its preferential claim in full. Employee preferential claims are estimated at approximately £85,049 and are expected to be paid in full, while secondary preferential claims due to \u003cb\u003eHMRC\u003c/b\u003e are estimated at £3.4 million and are expected to receive a dividend. The administrators continue to forecast no return for unsecured creditors. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n  p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;\"\u003e The progress report also highlights the cost of the unusually complex trading and property w
553ork. The administrators are seeking creditor approval for an additional £3.19 million of remuneration above their previous estimate, taking the revised fee estimate to approximately £7.21 million. \u003cb\u003eInterpath \u003c/b\u003erecorded £1.03 million of time costs during the latest six-month reporting period, representing 1,139 hours at an average hourly rate of £909. The firm attributed the increase principally to managing more than 300 stores across multiple jurisdictions, reconciling trading activity, dealing with leasehold properties and administering the continuing licence-to-occupy arrangements after the sale. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n  p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;\"\u003e\u003ca class=\"link\" href=\"https://insolvency1.nyc3.digitaloceanspaces.com/wp-content/uploads/2026/09/Claires-PR-1.pdf\" target=\"_blank\" style=\"-webkit-text-decoration:underline #990000;color:#990000;font-weight:bold;text-decoration:underline #990000;word-break:break-word;;\"\u003eRead the administrators’ latest report here\u003c/a\u003e. \u003c/p\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e","onlyRenderComments":false,"isDraft":false,"paywall":null,"currentSubscriberId":null,"tierIds":[],"dynamicContentOverrides":[]}},"actionData":null,"errors":null}};</script>
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