Quiz Clothing, a high street giant, has collapsed into administration for the third time in six years, owing over £40 million. This latest financial crisis raises a pressing question: what led to this downfall?
The company has 40 stores across the UK, including 11 in Scotland. As of February 2026, Interpath Advisory stepped in as administrators, faced with mounting debt and declining sales. At the Glasgow head office and distribution center alone, 109 redundancies were announced immediately upon entering administration.
Key financial details:
- Quiz Clothing owes more than £40 million.
- £15.4 million is owed to connected parties.
- £6.1 million is owed to trade creditors for Orion Retail Limited.
- Zesta Ventures Limited is owed approximately £6 million.
CEO Sheraz Ramzan expressed that the board made a difficult decision to appoint administrators due to “continuing challenging trading conditions impacting the Group’s performance.” The company has been trading for 33 years but now finds itself in a precarious situation—no offers have been received for its business on a going concern basis.
A stock clearance sale started immediately across all stores, leaving customers unable to use gift cards or credit notes because of the administration status. With no clear timeline for potential store closures, the fate of Quiz’s remaining locations hangs in the balance.
Officials are expected to make decisions regarding these stores within days as the administration trading period could last until mid-May 2026. The uncertainty surrounding this situation leaves many questions unanswered—what will happen next for Quiz Clothing and its employees?
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