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Creditors of 19 furnishing businesses owed almost £10m

In the latest Insolvency Digest, creditors of 19 furnishing businesses entering liquidation or administration are expected to suffer a combined shortfall of £9.9m.

Lee Causer and Mark Thornton, both of BDO LLP, were appointed as joint administrators of kitchen furniture manufacturer Pembar Limited, trading as Hatt Kitchens, on 15 May 2023. The business owed preferential creditor employee claims £119,000, which is expected to be repaid from realised assets of £283,000. The HMRC is owed £229,000, while Lloyds Bank is owed £629,000. As for unsecured creditors, claims totalled £3.9m, with a further £940,000 owed to employees. It is expected that creditors will suffer a shortfall of £4.6m.

Matthew Fox, of Beacon LIP Limited, was appointed as liquidator of flooring business PH Carpets & Flooring Services Limited on 28 June 2023. The business owed unsecured creditors £81,000, which included £37,000 owed to Barclays Bank and £38,000 to employees. Creditors are expected to suffer a shortfall of £67,000 due to £14,000 being realised from company assets.

Christopher Andersen and Kevin McLeod, both of AABRS Limited, were appointed as joint liquidators of kitchen furniture manufacturer Greenstone KB Limited, trading as Greenstones Kitchens & Bathrooms, on 6 July 2023. The business owed preferential creditor, the HMRC, £115,000, as well as employee claims totalling £5,000. As for unsecured creditors, claims totalled £264,000, which included a director’s loan of £127,000 and a sum of £42,000 owed to Lloyds Bank. Creditors are expected to suffer a shortfall of £385,000.

Simon Monks and Jonathan Mark Amor, both of Azets Holdings Limited, were appointed as joint liquidators of furniture manufacturer The Riverside Furniture Company Limited, trading as Peak Furniture, on 10 July 2023. The business owed preferential creditor, the HMRC, £10,000, as well as employee claims totalling £14,000. As for unsecured creditors, claims totalled £102,000, which included 70 consumers’, valuing a combined total of £79,000 and a sum of £15,000 owed to the trade. Creditors are expected to suffer a shortfall of £122,000.

Dominik Thiel-Czerwinke and Jamie Taylor, both of Begbies Traynor (Central) LLP, were appointed as joint liquidators of furniture retailer Spirt Home and Furnishings Ltd on 11 July 2023. The business owed unsecured creditors £102,000, which included a director’s loan of £64,000, as well as £23,000 owed to Barclays Bank. Creditors are expected to suffer a shortfall of £86,000.

Jessica Thomas and Philippa Smith, both of Smith & Barnes Insolvency Practitioners Ltd, were appointed as joint liquidators of furniture manufacturer Tech-42 Limited, trading as Bridger and Buss, on 23 June 2023. The business owed preferential creditor, the HMRC, £34,000, with the majority of which is expected to be repaid from realised assets of £30,000. As for unsecured creditors, claims totalled £143,000, which included a further sum of £69,000 owed to the HMRC as well as £42,000 owed to Barclays Bank. Creditors are expected to suffer a shortfall of £147,000.

Daniel Ormerod and Richard Pinder, both of Leonard Curtis, were appointed as joint liquidators of furnishing business Brown Dog Interiors Ltd on 11 July 2023. The business owed preferential creditor, the HMRC, £1,000, as well as employee claims totalling £2,600. As for unsecured creditors, claims totalled £70,000, which included a bounce back loan of £16,000. Creditors are expected to suffer a shortfall of £76,000.

Dominik Thiel-Czerwinke and Louise Baxter, both of Begbies Traynor (Central) LLP, were appointed as joint liquidators of furniture manufacturing business T&M Upholstery Limited on 6 July 2023. The business owed preferential creditor, the HMRC, £6,000, which is expected to repaid in full from realised assets of £7,200. As for unsecured creditors, claims totalled £21,500, which included a further sum of £9,000 owed to the HMRC as well as £8,000 owed to HSBC Bank. Creditors are expected to suffer a shortfall of £20,000.

Nicholas Cusack, of Parker Andrews Limited, was appointed as liquidator of carpet and rugs retailer Atlantis Rugs Limited, trading as The Rugs Outlet, on 7 July 2023. The business owed preferential creditor, the HMRC, £900,000, while unsecured creditor claims totalled just over £1m. These included a director’s loan of £250,000, around £80,000 owed to consumers and £657,000 owed to Clear Finance. Creditors are expected to suffer a shortfall of £1.9m.

Miles Needham and Sarah Cook, both of FRP Advisory Trading Limited, were appointed as joint liquidators of kitchen furniture supplier Berkhamsted Fitting Ltd on 22 June 2023. The business owed preferential creditor, the HMRC, £6,000, as well as employee claims totalling £3,200. As for unsecured creditors, claims totalled £103,000, which included a further sum of £46,000 owed to employees. Creditors are expected to suffer a shortfall of £151,000.

Emma Dowd and Gemma Roberts, both of Wilson Field Limited, were appointed as joint liquidators of furnishings and interiors business Luxury Finishes Limited on 27 June 2023. The business owed preferential creditor, the HMRC, £3,000, while unsecured creditor claims totalled £217,000, which included a sum of £61,000 owed to Barclays Bank and a director’s loan of £116,000. Creditors are expected to suffer a shortfall of £220,000.

Michelle Weir, of Lameys, was appointed as liquidator of kitchen furniture business Farmhouse Table Company Ltd on 27 June 2023. The business owed preferential creditor, the HMRC, £18,000, while unsecured creditor claims totalled £164,000, which included a sum of £129,000 owed to the trade. Creditors are expected to suffer a shortfall of £225,000.

Steven Currie, of Currie Young Limited, was appointed as liquidator of kitchen furniture manufacturer K&B Workshop Limited on 15 June 2023. The business owed preferential creditor, the HMRC, £14,800, as well as employee claims totalling £9,000, with the latter expected to be repaid in full from realised assets of £9,000. As for unsecured creditors, claims totalled £143,000, which included a further sum of £72,000 owed to employees and £38,000 owed to the bank. Creditors are expected to suffer a shortfall of £158,000.

Andrew Hook and Julie Anne Palmer, both of Begbies Traynor (Central) LLP, were appointed as joint liquidators of furniture retailer Cranleigh Furniture Limited on 13 July 2023. The business owed preferential creditor, the HMRC, £14,000, as well as employee claims totalling £7,300, with the latter expected to be repaid in full from realised assets of £17,000. As for unsecured creditors, claims totalled £362,000, which included a further sum of £43,000 owed to employees and £163,000 owed to the bank and other financial firms. Creditors are expected to suffer a shortfall of £367,000.

Craig Ridgley, of Mercian Advisory Limited, was appointed as liquidator of furniture manufacturer Breaston Furniture Ltd on 3 July 2023. The business owed preferential creditor, the HMRC, £39,000, while unsecured creditor claims totalled £13,000. These included a sum of £9,600 owed to employees. Creditors are expected to suffer a shortfall of £50,000.

Eileen Sale, of Sale Smith & Co. Limited, was appointed as liquidator of furniture retailer Inspired Kollektions Ltd on 11 July 2023. The business owed preferential creditor employee claims £4,400, while unsecured creditor claims totalled £305,000, which included a director’s loan of £160,000 and over £70,000 owed to NatWest bank. Creditors are expected to suffer a shortfall of £310,000.

Mark Colman and Megan Singleton, both of Leonard Curtis, were appointed as joint liquidators of blinds retailer Signature Blinds & Shutters (UK) Ltd on 14 July 2023. The business owed preferential creditor employee claims £7,000, which is expected to be repaid from realised assets of £17,000. The HMRC is owed £260,000, while Lloyds Bank is owed £40,000. As for unsecured creditors, claims totalled £574,000, with £226,000 owed to a director’s loan and £33,000 owed to consumers. It is expected that creditors will suffer a shortfall of £825,000.

Alessandro Sidoli, Alan Fallows and Peter Anderson, all three of Xeinadin Corporate Recovery Limited, were appointed as joint liquidators of furniture business Ian Watson Bespoke Furniture Limited on 17 July 2023. The business owed preferential creditor employee claims £3,000, which is expected to be repaid from realised assets of £20,000. The HMRC is owed £20,000, with the majority expected to be repaid. As for unsecured creditors, claims totalled £108,000, with a further £38,000 owed to employees, while £48,000 is owed to NatWest Bank. It is expected that creditors will suffer a shortfall of £110,000.

Michael Goldstein and Avner Radomsky, both of RG Insolvency, were appointed as joint liquidators of flooring retailer Leeway Carpets and Flooring Company Limited on 21 July 2023. The business owed preferential creditor the HMRC £90,000, while unsecured creditor claims totalled £124,000. These included £52,000 owed to banks and £70,000 owed to the trade. It is expected that creditors will suffer a shortfall of £237,000.

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