Footwear retailer Russell & Bromley was hit by EBITA losses of £12m in 2025 before entering administration last month, new financial documents reveal.

A statement of administrators posted on the footwear retailer’s Companies House revealed the business made £44.3m in revenue in the 11 months to November 2025, but saw EBITA (earnings before interest, taxes, and amortization) losses of£12.1m, widening from £7m the year prior.

It is also understood the business had drawn £2.1m under a £3m NatWest trade finance facility prior to appointment, however the bank exercised its right of set-off on appointment, leaving no secured debt outstanding.

The document shows, preferential creditor claims include £132,000 owed to employees and £3.2m owed to HM Revenue and Customs (HMRC), however the administrators said they expect both categories to be paid in full.

Interpath was appointed administrator of Russell & Bromley, which operated 41 UK stores and employed 440 staff, on 21 January 2026, immediately completing a pre-pack sale of selected assets to Next Retail Limited.

The transaction included the Russell & Bromley brand, intellectual property, customer records, three prime stores in Chelsea, Mayfair and Bluewater, and associated stock, amounting to £1.36m.

The remainder of the estate is continuing to trade in administration while stock is realised across the wider store network.

Reflecting on the decision, Russell & Bromley’s directors cited falling sales, rising operating costs, a high fixed cost base and challenging UK retail conditions as drivers of the collapse.

The company previously sold freehold properties to fund trading losses before securing additional bank funding in 2024.

Russell & Bromley is not the only fashion retailer to enter administration this year, with both LK Bennett and Quiz appointing administrators last month.

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