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BBC
Sara Davies said "the administrators saw that determination was nary mode the Chesterfield store could proceed to commercialized fixed it consistently made losses"
A trade hub successful Derbyshire has closed aft the business, which was founded by Dragons' Den prima Sara Davies, went into administration.
The Crafter's Companion store successful Barlborough, adjacent Chesterfield, was unopen by administrators connected 7 January, leaving 10 radical redundant, but the Evesham base, successful Worcestershire, has remained open.
The institution was founded by Ms Davies successful 2005, portion astatine university.
She said she aboriginal sold the bulk of it, but bought it from administrators connected 7 January and is simply a large shareholder again.
She said: "It's ne'er casual making unit redundant, and I recognize wherefore it has travel arsenic a daze to employees but determination was nary mode this could beryllium avoided."
The entrepreneur said: "The determination to adjacent the loss-making Chesterfield store was taken by the administrators successful mentation for the merchantability of the concern to us."
"The existent closure happened aft we acquired the business," she added.
Ms Davies said the store had not traded profitably "for rather immoderate time, and it couldn't stay portion of the Crafter's Companion household going forwards".
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Crafter's Companion was wrong Dobbies plot centre successful Barlborough, Chesterfield
The institution - which sells crafts supplies - has a caput bureau and warehouse successful County Durham, a store successful Evesham and the erstwhile store successful Chesterfield.
She said: "I'm arrogant that we person saved implicit a 100 jobs successful the North but I'm precise atrocious that these colleagues had to permission the family."
Ms Davies added arsenic the concern has been rescued from administration, redeeming much than a 100 jobs, it was "important to marque definite that we absorption our efforts" connected the remaining store and website, "to guarantee Crafter's Companion's aboriginal success".
She added: "I person invested my ain wealth backmost into the business, and alongside a caller fiscal spouse who has besides invested, I americium present a large shareholder again."
Ms Davies became the youngest ever pistillate dragon to articulation BBC One's Dragons' Den and was awarded an MBE for services to the system successful 2016.
She person an honorary grade from the University of York successful 2024 successful designation of her "outstanding publication to society".
The group's accounts for the 2024 fiscal twelvemonth were overdue earlier the institution went into administration.
The astir caller filed accounts amusement Crafter's Companion Limited's gross fell from £37.8m successful 2022 to £29.9m successful the 2023 fiscal year, a driblet of 21%.
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