Creditors of 24 furnishing businesses owed over £5m

In the latest Insolvency Digest, creditors of 24 furnishing businesses entering liquidation or administration are expected to suffer a combined shortfall of £5.1m.

Avner Radomsky and Michael Goldstein, both of RG Insolvency, were appointed as joint liquidators of online oak furniture retailer Furniture 2 Inspire Limited on 19 June 2023. The business owed preferential creditor, the HMRC, £7,600, which is expected to be repaid in part from realised assets of £3,600. As for unsecured creditors, claims totalled £72,000, with £48,000 owed to Lloyds Bank. It is expected that creditors will suffer a shortfall of £76,000.

Eric Walls, of KSA Group Ltd, was appointed as liquidator of furniture manufacturer Middleton Bespoke Furniture Limited on 22 August 2023. The business owed preferential creditor, the HMRC, £44,000, while unsecured creditor claims totalled £15,000, owed to Santander Bank. It is expected that creditors will suffer a shortfall of £59,000.

Lisa Ion and Mark Colman, both of Leonard Curtis, were appointed as joint liquidators of kitchen furniture maker Fairoak Bespoke Handmade Kitchens & Joinery Ltd on 23 August 2023. The business owed preferential creditor employee claims £2,500, which is expected to be repaid from realised assets of £8,600. The HMRC is owed £144,000, while unsecured creditor claims totalled £91,500, with over £40,000 owed to NatWest Bank. It is expected that creditors will suffer a shortfall of £230,000.

Shane Biddlecombe and Matthew Hoy, both of TruSolv Ltd, were appointed as joint liquidators of furniture retailer Roban James Limited on 22 August 2023. The business owed preferential creditor, the HMRC, £11,200, while unsecured creditor claims totalled £43,000, with £42,000 owed to the Bank of Scotland. It is expected that creditors will suffer a shortfall of £54,000.

Timothy Corfield, of Griffin & King, was appointed as liquidator of bespoke furniture design business Dayrooms Limited on 14 August 2023. The business owed preferential creditor employee claims £8,600, which is expected to be repaid from realised assets of £35,600. The HMRC is owed £265,000, while unsecured creditor claims totalled £323,000, with £55,000 owed to Barclays Bank. It is expected that creditors will suffer a shortfall of £553,000.

Andrew Ryder, of JT Maxwell Ltd, was appointed as liquidator of furniture business Bourne Home Furniture Ltd on 21 August 2023. The business owed preferential creditor employee claims £10,300, which is expected to be repaid in part from realised assets of £8,000. The HMRC is owed £17,000, while unsecured creditor claims totalled £151,000. It is expected that creditors will suffer a shortfall of £170,000.

Eric Walls, of KSA Group Ltd, was appointed as liquidator of furniture manufacturer BM Handcrafted Furniture Limited on 22 August 2023. The business owed preferential creditor employee claims £10,400, while the HMRC is owed £150,000. As for unsecured creditors, claims totalled £63,000. It is expected that creditors will suffer a shortfall of £224,000.

Martin Maloney and Steve Markey, both of Leonard Curtis, were appointed as joint liquidators of furniture retailer Beau Furnishers (Manchester) Limited, trading as Beau Furnishers, on 21 August 2023. The business owed preferential creditor employee claims £2,400, which is expected to be repaid from realised assets of £22,900. As for unsecured creditors, claims totalled £23,000, with a further £22,000 owed to employee claims. It is expected that creditors will suffer a shortfall of £3,000.

Steven Currie, of Currie Young Limited, was appointed as liquidator of furniture manufacturer Best Bar None Shop Limited on 15 August 2023. The business owed preferential creditor, the HMRC, £6,300, while unsecured creditor claims totalled £38,000, with £18,000 owed to Lloyds Bank. It is expected that creditors will suffer a shortfall of £44,000.

Bai Cham and Gavin Savage, both of Begbies Traynor (Central) LLP, were appointed as joint liquidators of furniture retailer Inspiring Elegance Ltd on 17 August 2023. The business owed preferential creditor employee claims £3,600, while the HMRC is owed £9,600 and unsecured creditor claims totalled £28,000. It is expected that creditors will suffer a shortfall of £42,000.

Adam Jordan and Nickolas Rimes, both of Rimes & Co, were appointed as joint liquidators of furniture frames manufacturer Kelbec Limited, trading as S&J Furniture Limited, on 22 August 2023. The business owed preferential creditor, the HMRC £15,6300, while unsecured creditor claims totalled £167,000, with £38,000 owed to Lloyds Bank. It is expected that creditors will suffer a shortfall of £162,000.

Neil Henry, of Lines Henry Limited, was appointed as liquidator of furniture retailer Emes Blackburn Ltd on 24 August 2023. The business owed preferential creditor, the HMRC £30,000, while unsecured creditor claims totalled £49,000, with £33,000 owed to Lloyds Bank. It is expected that creditors will suffer a shortfall of £79,000.

Simon Campbell and David Meany, both of Quantuma Advisory Limited, were appointed as joint liquidators of furniture retailer Premier Furniture Warehouse Ltd on 25 August 2023. The business owed preferential creditor employee claims £9,300, with the majority of which to be repaid from realised assets valuing £7,500. The HMRC is owed £8,600, while unsecured creditor claims totalled £60,000. It is expected that creditors will suffer a shortfall of £71,000.

Phil Clark and Dave Clark, both of Clark Business Recovery Limited, were appointed as joint liquidators of furnishings wholesaler James Jones @BF Ltd, trading as James Jones Beautiful Furnishings, on 29 August 2023. The business owed preferential creditor, the HMRC £185,000, while unsecured creditor claims totalled £190,000, with £118,000 owed to a director’s loan. It is expected that creditors will suffer a shortfall of £357,000.

Michael Royce, of M.R. Insolvency, was appointed as liquidator of beds and mattresses manufacturer Durest Beds Ltd, formerly known as Luxury Beds Direct Ltd, on 31 August 2023. The business owed preferential creditor employee claims £4,300, which is expected to be repaid from realised assets valuing £30,000. The HMRC is owed £30,700 and is expected to recover the majority. Unsecured creditor claims totalled £1.5m, with £600,000 owed to HSBC bank. Other significant sums owed include £138,000 to Funding Circle and £71,000 owed to AJ Foam Ltd. It is expected that creditors will suffer a shortfall of over £1.5m.

Emma Dowd and Gemma Roberts, both of Wilson Field Limited, were appointed as joint liquidators of bespoke furniture manufacturer Oakhouse Interior Furniture Ltd on 29 August 2023. The business owed preferential creditor, the HMRC £16,000, while unsecured creditor claims totalled £190,000, with £54,000 owed to a director’s loan. It is expected that creditors will suffer a shortfall of £200,000.

Natalie Hughes, of Simply Corporate Limited, was appointed as liquidator of furnishings retailer The Pug and the Pussycat (Southwold) Ltd, on 29 August 2023. The business owed preferential creditor employee claims £1,700, while the HMRC is owed £13,400. Unsecured creditor claims totalled £98,000, with £32,000 owed to Starling bank. It is expected that creditors will suffer a shortfall of £113,000.

Rikki Burton, of Anderson Brookes Insolvency Practitioners Limited, was appointed as liquidator of furnishings retailer Interiors Outlet Limited on 23 August 2023. The business owed preferential creditor, the HMRC £50,000, while unsecured creditor claims totalled £29,000. It is expected that creditors will suffer a shortfall of £74,000.

Kelly Burton and Gemma Roberts, both of Wilson Field Ltd, were appointed as joint liquidators of online bedroom furniture retailer Linx Beds Limited on 7 August 2023. The business owed preferential creditor, the HMRC £6,700, while unsecured creditor claims totalled £131,000, with £45,000 owed to HSBC Bank and £60,000 owed to Funding Circle. It is expected that creditors will suffer a shortfall of £138,000.

Kate Ellis, of Ellis Breese, was appointed as liquidator of furniture retailer Complete Home Furniture Limited on 14 August 2023. The business owed unsecured creditors £143,000, with £11,000 owed to Burnley Council and £28,500 owed to Santander Bank. It is expected that creditors will suffer a shortfall of £138,000.

Ian Royle and David Broadbent, both of Begbies Traynor (Central) LLP, were appointed as joint liquidators of furniture business Furniture Reclamation and Delivery Enterprise on 27 July 2023. The business owed preferential creditor employee claims £6,000, while the HMRC is owed £5,000. Both are expected to be repaid from realised assets valuing £35,000. Unsecured creditor claims totalled £145,000, with a further £47,000 owed to employees and £37,000 owed to its landlord. It is expected that creditors will suffer a shortfall of £121,000.

Nicholas Simmonds and Chris Newell, both of Quantuma Advisory Limited, were appointed as joint liquidators of furniture manufacturer Showcase Desing Limited on 24 August 2023. The business owed preferential creditor employee claims £30,400, which is expected to be repaid from realised assets valuing £43,000. The HMRC is owed £232,800, while unsecured creditor claims totalled £205,000, with a further £148,000 owed to employees. It is expected that creditors will suffer a shortfall of £425,000.

Matthew Dix, of Wilkin Chapman LLP, was appointed as liquidator of bespoke furniture and kitchens business Emma Louise Bespoke Limited on 30 August 2023. The business owed unsecured creditor claims £20,000, with £15,000 owed to Santander Bank. It is expected that creditors will suffer a shortfall of the entire amount.

Steven Currie, of Currie Young Limited, was appointed as liquidator of carpet retailer HC Carpets Ltd on 31 August 2023. The business owed preferential creditor, the HMRC £166,900, while unsecured creditor claims totalled £102,000. These included £85,000 owed to financial service establishments. It is expected that creditors will suffer a shortfall of £269,000.

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