By
Press Association 2021
Debenhams has been wound up by a judge in a specialist court.
Judge Daniel Schaffer made a winding-up order at an online hearing in the Insolvency and Companies Court on Monday.
He described the retailer as a “rudderless ship” drifting in an “ocean of insolvency” which needs to be brought into port.
The judge said the Official Receiver now should assess the position.
He had been asked to consider Debenhams’ position by lawyers representing a shareholder and debtors.
The judge said he was making a winding-up order of his own motion.
“The company is a rudderless ship drifting in an ocean of insolvency, unable to be rescued,” he said.