Laced to close after 11 years as it enters administration

Laced is a UK-based online platform specialising in authenticated trainers, streetwear, and luxury goods from some of the world's biggest brands, including:

• Nike
• Adidas
• Air Jordan
• New Balance
• ASICS
• Supreme
• UGG

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The company connects buyers and sellers of limited-edition and hard-to-find products, with each item verified before delivery.

It serves customers across the UK and Europe and has become a go-to destination for sneaker/trainer collectors and enthusiasts.

Laced set to close after falling into administration

After 11 years in business, Laced Europe Ltd has entered administration and is set to close down.

Terri Mulgrew and Michael Kiely of Quantuma Advisory Limited were appointed as joint administrators on September 22, according to The Gazette.

Records from Companies House also show an "active proposal to strike off" the company.

A notice from the government agency adds: "Unless cause is shown to the contrary, the Company will be struck off the register and dissolved not less than 2 months from the date shown above [September 29, 2026].

"Upon the Company's dissolution, all property and rights vested in, or held in trust for,m the Company are deemed to be bona vacantia, and will belong to the Crown."

Despite news of the company falling into administration, the Laced website and app are still active (at the time of writing).

Other UK companies that have closed or entered administration/liquidation in 2026

It has been a tough year for the UK high street, with several retailers entering administration or liquidation and others announcing widespread store closures.

Major high street brands LK Bennett, Claire's, and Quiz have been forced to close all their remaining stores after falling into administration.

UK fashion retailer Leading Labels is also set to close its remaining 15 stores after falling into liquidation in May.

Whitbread closed all its standalone UK restaurants earlier this month:

• Brewers Fayre
• Beefeater
• Bar + Block
• Table Table
• Cookhouse + Pub

TG Jones and the British Heart Foundation will also be closing around 150 stores each across the UK.

Wynsors World of Shoes is shutting 17 stores across the UK, with closing down sales already underway at several affected branches.

Other retailers have been forced to close stores this year, including:

• River Island
• Primark
• Poundland
• Revolution
• BrewDog
• Franco Manca

Several UK travel companies have ceased trading or entered administration in 2026, including:

• Regen Central Ltd
• Gold Crest Holidays
• Asiara UK Ltd
• Simply Florida Travel Ltd
• Trav Expert Ltd
• Strachan Travel Ltd
• Travel Bespoke Ltd
• Global Vision International
• Ski Yodl Ltd
• TS Travels Group
• Yourtravelshop.com
• TS Travel Realisations Ltd
• Firefly Holidays
• Fraser Travel Ltd
• Golf Villa Rentals Ltd
• Barnes Worldwide Travel Ltd

Wayfairer Travel Limited has also suspended all services "until further notice" as it looks to appoint an administrator.

Meanwhile, four UK airlines have fallen into administration or liquidation:

• Ascend Airways (liquidation)
• EcoJet Airlines (liquidation)
• Zenith Aviation Limited (administration)
• European Cargo (administration)

UK delivery company Yodel is set to be phased out after being acquired by InPost.

Meanwhile, iconic fashion brand Nasty Gal has shut down its website after being sold by Debenhams in a deal worth around £12 million (US$16 million).

It hasn't all been bad news for the UK high street, with several major brands announcing new store openings for 2026, including Joules, Aldi, M&S, and Superdrug.

Meanwhile, brands including Evans and Bodycare have returned to the UK high street this year after previously closing all their stores.

Have you purchased trainers or any other products from Laced before? Let us know in the poll above or in the comments below.