General

Where do I send PPI claims?

Posted by Toys R Us Staff on

GE Capital Bank financed all Easy Buy Cards and Edge Cards, if you have a PPI claim please send it to the following address: Santander Cards (formerly GE Capital), PPI S1, Santander, 9 Nelson Street, Bradford BD1 5AN 0800 171 2171 The Joint Administrators' can not assist you with regards to PPI claims.

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What is an Administration?

Posted by Toys R Us Staff on

An Administration is a UK insolvency procedure designed to protect a company whilst the Administrators try to rescue it through a sale and if that is not possible, by realising the assets of the company for the benefit of the creditors. Only Licensed Insolvency Practitioners can be appointed as the Administrator(s) to manage the company’s affairs during an Administration.

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How is this different to the CVA and what happens to the CVA?

Posted by Toys R Us Staff on

A CVA is a binding agreement between the company and its creditors to agree a reduced or rescheduled debt arrangement in return for a commitment by the company to restructure its business affairs. The conditions of the CVA are immediately terminated upon the company entering Administration. An Administration process is different to the CVA. In the CVA, the Company remained under the control of the UK directors. However, during an Administration, the Administrators take control and manage the day to day affairs of the business, while evaluating their options regarding the Company’s future and determining how to obtain the best...

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Is the business still trading?

Posted by Toys R Us Staff on

As no viable offer to purchase the Company’s business and assets was received, all stock has now been sold and the Company ceased to trade on 24 April 2018.

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Are there any stores are still open?

Posted by Toys R Us Staff on

No, the Company is no longer trading. Online sales ceased on 28 February 2018 and the last stores closed on 24 April 2018.

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