Russell & Bromley owes unsecured creditors 37.5 million pounds

British retailer Russell & Bromley owes 37.5 million pounds to unsecured creditors following its collapse into administration in January, according to a progress report from joint administrators Interpath seen by the media.

The report, which covers the six months to 20 July, said unsecured creditors may receive a dividend, yet the amount remains unclear and will depend on the realisation of the company’s remaining assets.

Employee claims include an estimated 2.8 million pounds in unsecured claims, alongside 134,000 pounds owed to preferential employee creditors. HMRC is also owed around 2.8 million pounds in pre-administration VAT, PAYE and national insurance liabilities. Both preferential claims are expected to be paid in full.

Meanwhile, 38 stores and concessions that were not acquired by Next continued trading during the administration to clear remaining stock. These generated 13.1 million pounds in sales and a 4.9 million pound trading surplus, with Interpath expecting the final profit to settle at around 4.1 million pounds once outstanding costs and receipts are accounted for.

Further recoveries are expected from stock, leasehold interests and business-rate repayments, while the administrators continue to market three long-leasehold properties.

The administration followed an EBITDA loss of 12.1 million pounds in the 11 months to November 2025 and resulted in 332 job cuts across the head office and store network. Next has since begun reopening Russell & Bromley stores, including its location in Richmond and its Westgate Oxford site, due to reopen on 3 September.