Creditors of 13 furniture businesses owed over £4m

In the latest Insolvency Digest, creditors of 13 furniture businesses entering liquidation or administration are expected to suffer a combined shortfall of £4.1m.

Richard Easterby and Brian Burke, both of Quantuma Advisory Limited, were appointed as joint liquidators of furniture retailer The Traditional English Furniture Company Limited on 13 February 2023. The business owed preferential creditor, the HMRC, £287,000 as well as £274,000 to unsecured creditors and £95,000 to NatWest Bank. It is expected creditors will suffer a total shortfall of £657,000.

Rikki Burton, of Anderson Brookes Insolvency Practitioners Limited, was appointed as liquidator of furniture wholesaler Realsolidfurniture Limited, trading as The Really Solid Furniture Company, on 31 March 2023. Unsecured creditors included nine consumer claims valuing £4,000, the HMRC, owed £9,000 and Starling Bank, owed £10,000. Combined claims totalled almost £26,000 with an estimated shortfall of £22,000 expected.

Richard Williamson and Christopher Brindle, both of Campbell, Crossley & Davis, were appointed as joint liquidators of furniture manufacturer Concept Cabinets Ltd on 4 April 2023. The business owed preferential creditor, the HMRC, £28,000 as well as £3,000 to employee claims. The majority is expected to be repaid from realised assets of £23,000. As for unsecured creditors, claims totalled £178,000 and included £38,000 owed to HSBC, a further £78,000 to the HMRC and £47,000 in redundancy claims. Creditors are expected to suffer a shortfall of £187,000.

Richard Williamson and Christopher Brindle, both of Campbell, Crossley & Davis, were appointed as joint liquidators of furniture manufacturer Contract and Bespoke Limited on 4 April 2023. The business owed preferential creditor, the HMRC, £124,000 as well as £1,400 to employee claims, with the latter to be repaid in full from realised assets of £6,500. As for unsecured creditors, claims totalled £70,000 and included £37,000 owed to a Bounce Back Loan and £20,000 in further employee claims. Creditors are expected to suffer a shortfall of £189,000.

Michelle Weir, of Lameys, was appointed as liquidator of furniture retailer Pinexpress Limited, trading as Devon Furniture Co., on 6 April 2023. The business owed preferential creditor, the HMRC, £7,000 as well as £11,000 to employee claims, which are to be repaid in full from realised assets of £19,500. As for unsecured creditors, claims totalled £254,000 and included £103,000 owed to a Director’s Loan, £37,000 to deposit customers, £34,000 to finance customers and £58,000 in further employee claims. Creditors are expected to suffer a shortfall of £253,000.

Sajid Sattar and Simon Gwinnutt, both of Greenfield Recovery Limited, were appointed as joint liquidators of furniture retailer Aba1trade Ltd, trading as My Trendy Furniture, on 6 April 2023. The business owed preferential creditor, the HMRC, £276,000. As for unsecured creditors, claims totalled £104,000, with creditors expected to suffer a shortfall of £377,000.

Matthew Reeds and Paul Bailey, both of Bailey Ahmad Limited, were appointed as joint liquidators of wholesaler Bournemouth Flooring Supplies Ltd on 13 April 2023. The business owed preferential creditor, the HMRC, £12,000. As for unsecured creditors, claims totalled £235,000 and included £189,000 owed to the trade. A sum of £79,000 is expected to realised for creditors and therefore should expected to suffer a shortfall of £156,000.

Daniel Ormerod and Conrad Beighton, both of Leonard Curtis, were appointed as joint liquidators of kitchen furniture manufacturer Sustainable Kitchens Limited, trading as Sheffield Sustainable Kitchens, on 13 April 2023. The business owed preferential creditor, the HMRC, £334,000 as well as £14,400 to employee claims, with the latter to be repaid from realised assets of £12,500. As for unsecured creditors, consumer claims totalled £292,000, while Covid loans reached £136,000. Other trade claims stood at £138,000, with creditors expected to suffer a shortfall of £992,000.

Lauren Auburn and Thomas Guthrie, both of BRI Business Recovery and Insolvency, were appointed as joint liquidators of kitchen furniture manufacturer A. Gent Kitchens Limited on 20 April 2023. The business owed preferential creditor, the HMRC, £80,000, which is expected to be repaid from realised assets of £139,000. As for unsecured creditors, claims totalled £396,000, with the majority of £213,000 owed to Funding Circle. Creditors are expected to suffer a shortfall of £336,000.

Gerald Irwin, of Irwin Insolvency, was appointed as liquidator of bespoke furniture and joinery business NC And AC Joinery Ltd on 18 April 2023. The business owed preferential creditor, the HMRC, £164,000 as well as £6,600 to employee claims, with the latter to be repaid from realised assets of £13,000. As for unsecured creditors, claims totalled £116,000, including a further sum of £34,000 owed to employees and £41,000 owed to Barclays Bank. Creditors are expected to suffer a shortfall of £274,000.

Alan Clark, of Carter Clark, was appointed as liquidator of furniture manufacturer D & P Daltrey Limited on 18 April 2023. The business owed preferential creditor, the HMRC, £3,000. As for unsecured creditors, claims totalled £244,000, with the majority of £160,000 owed to the trade, primarily Epping Forest Council. HSBC bank is also owed £42,000, with creditors expected to suffer a shortfall of almost £248,000.

David Kirk and Daniel Jeeves, both of Kirks, were appointed as joint liquidators of kitchen furniture manufacturer Kitchens To Life Ltd, trading as Dream Doors, on 13 April 2023. The business owed preferential creditor, the HMRC, £2,700, which is expected to be repaid from realised assets of £4,000. As for unsecured creditors, claims totalled £60,400, with the majority of £50,000 owed to NatWest Bank. Creditors are expected to suffer a shortfall of £59,000.

Michael Chamberlain and Gareth Peckett, both of Quantuma Advisory (Yorkshire) Limited, were appointed as joint liquidators of furniture manufacturer Puzzle Joinery Ltd on 20 April 2023. The business owed preferential creditor, the HMRC, £252,000, as well as employee claims totalling £13,000, with the latter expected to be repaid from realised assets of £40,000. As for unsecured creditors, claims totalled £143,500, with Santander Bank owed almost £40,000. Creditors are expected to suffer a shortfall of £367,000.

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