Information  X 
Enter a valid email address

Dream Direct Group (DDG)

  Print      Mail a friend

Thursday 31 May, 2007

Dream Direct Group

Dream Direct Group plc in Administration



                                                                        31 May 2007

                               Dream Direct Group plc in Administration

Dream Direct Group Plc, a home shopping retailer of nostalgic, leisure and entertainment based
products aimed at the over 50's market was placed into Administration on 31 May 2007 following
difficult trading conditions.

Julia Branson and Angus Martin, from Deloitte's Reorganisation Services division have been appointed
Administrators of Dream Direct Group plc and its subsidiary Dream Direct Limited. Dream Direct
Guernsey Limited is not subject to the administration proceedings.

The Dream Direct Group plc operates from premises in Witney, Oxfordshire, employing 37 staff. Its
turnover at the end of the year was £17.7m.

The Administrators have sold certain assets of the Group, to Express Gifts Limited, on behalf of The
Webb Group. Unfortunately, it is anticipated that the workforce will be made redundant.

Angus Martin, Partner at Deloitte, said: "This is the best outcome that could have been achieved.  The
administrators have made arrangements with Express Gift Limited for all outstanding orders placed by
members of the public to be fulfilled."

                                                -ENDS-

Contact: Pamela Shabi/Emma Thorogood
UK Public Relations
0207 303 0587/07977 416 943/0207 303 6264
pshabi@deloitte.co.uk

About Deloitte
In this press release references to Deloitte are references to Deloitte & Touche LLP which is among
the country's leading professional services firms, providing audit, tax, consulting and corporate
finance services. Deloitte & Touche LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu
('DTT'), a Swiss Verein whose member firms are separate and independent legal entities.  Neither DTT
nor any of its member firms has any liability for each other's omissions.  Services are provided by
member firms or their subsidiaries and not by DTT.  Deloitte & Touche LLP is authorised and regulated
by the Financial

Dream Direct Group PLC