Furniture, homeware and home accessories wholesale business Slocum House has ceased to trade after entering liquidation.
David Butler and Timothy Dolder, both of Opus Restructuring LLP, were appointed as joint liquidators on 29 June 2022.
The Milton Keynes-based business confirmed its closure ahead of the appointment through an announcement on its website and social channels. It said: “We are now closed. Please contact all our brands directly.
“We would like to thank all our customers for their continuous support and encouragement, we wish you all the best. Best Wishes, Slocum House.”
Slocum House represented brands including Danish furniture and homewares businesses Bahne and Cozy Living, as well as French accessories company Plantes & Parfums, German home accessories brand DPI and Danish interiors businesses Miss Étoile and Margit Brandt.
The wholesaler was the principal agent within the UK and Ireland for the aforementioned brands and distributed across sectors including department stores, shopping centres, garden centres and independent retailers.
In newly filed documents on Companies House, the business owed creditors a total of £136,000. Easy Living Copenhagen is owed around £35,000, while Metro Bank and the HMRC are owed sums of almost £36,000 and £14,000 respectively.
Realised assets are expected to fetch £33,000, mainly from cash at the bank, which is expected to satisfy debts to the HMRC as a preferential creditor. The remaining £20,000 will should be available for unsecured creditors, resulting in a total shortfall of £102,000.