British Corner Shop collapse to cost M&S more than half a million pounds

Supermarket M&S is likely to be lose more than half a million pounds due to the collapse of The British Corner Shop (TBCS) earlier this year.

 TBCS specialised in exporting UK-favourite food and drink lines to ex-pats and anglophiles around the world. Despite efforts to evade post-Brexit export complexities with a Netherlands distribution centre and the brand being rescued in a pre-pack administration deal last year, the company again entered administration in the first days of January 2024.

A recently released administrator’s report for the UK business predicts it will realise just £236,137 from the company’s assets against nearly £2.5m in debts, with all of this expected to go to banks and HMRC.

Other than TBCS’s Netherlands sister firm, TBCS’s major supplier M&S is on the hook for the largest amount owed, at £539,000.

The latest collapse marks the second time suppliers have been left out of pocket by the TBCS, after the previous iteration of the company, BCS Realisations 2023 Ltd was sold to TBCS in a prepack administration in April 2023, generating just £250,000 against more than £4.3m of debt.

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