Creditors of 25 furnishing businesses owed over £8m

In the latest Insolvency Digest, creditors of 25 furnishing businesses entering liquidation or administration are expected to suffer a combined shortfall of £8.1m.

Simon Weir, of DSi Business Recovery, was appointed as liquidator of online bed retailer Ascot Furniture Ltd on 18 January 2024. The business owed unsecured creditors a total of £31,000, which included £14,000 owed to Starling Bank. Creditors are expected to suffer a shortfall of the entire amount.

Gareth Self, of Restart BTi, was appointed as liquidator of furniture business ZUGA Ltd, trading as M6 Furniture, on 24 January 2024. The business owed preferential creditor, the HMRC, £1,600, which is expected to be repaid from realised assets valuing £3,000. As for unsecured creditor claims, these totalled £89,000, with £75,000 owed to a director’s loan. It is expected that creditors will suffer a shortfall of £87,000.

Greg Whitehead, of Northpoint Associates Limited, was appointed as liquidator of furniture retailer Asic Venture 1 Ltd, on 12 January 2024. The business owed unsecured creditor NatWest Bank a total of £25,000, which is expected to suffer a shortfall of £21,000.

Ronan Duffy, of McCambridge Duffy LLP, was appointed as liquidator of office furniture wholesaler Big Box Commercial Interiors Limited on 16 January 2024. The business owed preferential creditor, the HMRC, £150,000, while unsecured creditor claims totalled £137,000, with a further £77,000 owed to the taxman. It is expected that creditors will suffer a shortfall of £260,000.

Lisa Ion and Mark Colman, both of Leonard Curtis, were appointed as joint liquidators of discount furniture and electricals retailer Home Furniture & Appliances Limited on 16 January 2024. The business owed preferential creditor, the HMRC, £4,600, which is expected to be repaid from realised assets valuing £5,800. As for unsecured creditor claims, these totalled £52,000, with £27,000 owed to NatWest Bank. It is expected that creditors will suffer a shortfall of £51,000.

Jeremy Woodside and Rehan Ahmed, both of Quantuma Advisory Limited, were appointed as joint liquidators of furniture business Discount Furniture Warehouse Ltd on 17 January 2024. The business owed preferential creditor employee claims almost £4,000, while the HMRC is also owed £7,000. As for unsecured creditor claims, these totalled £286,000, with £27,000 owed to HSBC Bank. It is expected that creditors will suffer a shortfall of £297,000.

Rob Coad and Sam Talby, both of Undebt.co.uk, were appointed as joint liquidators of carpet retailer Hitchin Flooring Company Limited on 18 January 2024. The business owed preferential creditor, the HMRC, £21,500, while unsecured creditor claims totalled £29,000, with £14,000 owed to the Hitchin Property Trust. It is expected that creditors will suffer a shortfall of £51,000.

Chris Knott and Martin Maloney, both of Leonard Curtis, were appointed as joint liquidators of carpet and beds retailer Kidsgrove Carpets and Bed Centre Limited on 22 January 2024. The business owes unsecured creditors a total of £86,000, which includes over £30,000 to Barclays Bank. Creditors are expected to suffer a shortfall of £82,000.

Gordon Simmonds, of Simmonds & Company, was appointed as liquidator of furniture manufacturing business Exclusive Fitted Furniture Limited on 3 January 2024. The business owed preferential creditor, the HMRC, £28,000, which is expected to be largely repaid from realised assets of £24,000. Unsecured creditor claims totalled £163,000, with £65,000 owed to employees. It is expected that creditors will suffer a shortfall of £167,000.

Rikki Burton, of Anderson Brookes Insolvency Practitioners Limited, was appointed as liquidator of furniture retailer Karl Hogarth Furniture Limited, previously known as Moda Furniture Limited, on 26 January 2024. The business owes unsecured creditors a total of £517,000, which includes over £250,000 to six consumer claims. Creditors are expected to suffer a shortfall of £513,000.

David Elliott, of Valentine & Co, was appointed as liquidator of furniture retailer My Vintage Home Ltd on 25 January 2024. The business owed preferential creditor, the HMRC, £3,700, which is expected to be repaid from realised assets of £5,000. Unsecured creditor claims totalled £91,000, with £20,000 owed to Nationwide Finance. It is expected that creditors will suffer a shortfall of £90,000.

Michael Roome and Dean Nelson, both of PKF Smith Cooper, were appointed as joint liquidators of furniture manufacturer SJ Furniture Limited on 30 January 2024. The business owed preferential creditor, the HMRC, £15,000, while unsecured creditor claims totalled £64,000, with £62,000 owed to connected company George Stewart Design Limited. It is expected that creditors will suffer a shortfall of £75,000.

Dave Clark and Phil Clark, both of Clark Business Recovery Limited, were appointed as joint administrators of kitchen furniture manufacturer Custom Design B.A. Limited on 8 January 2024. The business owed preferential creditor employee claims almost £20,000, which is expected to be repaid from realised assets valuing £76,000. The HMRC is also owed £19,000 and is expected to repaid in full. As for unsecured creditor claims, these totalled £377,000, with £184,000 owed to employees. It is expected that creditors will suffer a shortfall of £340,000.

Gareth Lewis and Matthew Russell, both of Lewis Business Recovery & Insolvency, were appointed as joint liquidators of furniture retailer Re-Work Leeds Community Interest Company on 23 January 2024. The business owed preferential creditor, the HMRC, £17,000, while unsecured creditor claims totalled £80,000, with £48,000 owed to banks. It is expected that creditors will suffer a shortfall of £93,000.

Martin Maloney and Steve Markey, both of Leonard Curtis, were appointed as joint liquidators of furniture manufacturer MS Sofa Frames Ltd on 30 January 2024. The business owed preferential creditor, the HMRC, £4,000, while unsecured creditor claims totalled £141,000, with £27,000 owed to a bounce back loan. It is expected that creditors will suffer a shortfall of £134,000.

Nicholas Barnett, of Libertas Associates Limited, was appointed as liquidator of furniture manufacturer Andrena Furniture Ltd on 19 January 2024. The business owed preferential creditor employee claims £25,000, which is expected to be mostly repaid from realised assets valuing £21,000. The HMRC is also owed £141,000, while unsecured creditor claims totalled £685,000, with a further £192,000 owed to employees and £295,000 owed in a director’s loan. It is expected that creditors will suffer a shortfall of £831,000.

Martin Buttriss and Thomas Harris, both of Begbies Traynor (Central) LLP, were appointed as joint liquidators of furniture business Erewash Furniture Ltd on 30 January 2024. The business owes unsecured creditors a total of £1.4m, with the majority being owed to BNP Paribas Asset Management UK, while directors had a loan of £100,000. Furthermore, a security trustee figure of £1.6m is also owed. Creditors are expected to suffer a shortfall of £3m.

Simon Renshaw and Avner Radomsky, both of RG Insolvency, were appointed as joint liquidators of furniture supplier KVT of London Ltd on 1 February 2024. The business owes unsecured creditors a total of £20,000, with the majority being owed to Lloyds Bank. Creditors are expected to suffer a shortfall of £17,000.

Darren Brookes, of Milner Boardman & Partners, was appointed as liquidator of furniture manufacturer Grangemoor Furniture 2000 Limited on 26 January 2024. The business owed preferential creditor, the HMRC, £133,000, while unsecured creditor claims totalled £263,000, with £29,000 owed to Funding Circle and £80,000 owed to employees. It is expected that creditors will suffer a shortfall of £396,000.

Martin Maloney and Steve Markey, both of Leonard Curtis, were appointed as joint liquidators of furniture retailer Ideas Marketing Limited on 7 February 2024. The business owed preferential creditor employee claims £5,000, which is expected to be repaid from realised assets valuing £5,500. The HMRC is also owed over £70,000, while unsecured creditor claims totalled £287,000, with a further £85,000 owed to employees. It is expected that creditors will suffer a shortfall of £371,000.

Hayley Watson and Andrew McTear, both of McTear Williams & Wood Limited, were appointed as joint liquidators of furniture retailer Made to Last Ltd on 12 February 2024. The business owed preferential creditor employee claims £3,500, which is expected to be repaid from realised assets valuing £24,000. The HMRC is also owed £16,000 and is expected to be repaid in full. Unsecured creditor claims totalled £171,000, with £115,000 owed to consumers. It is expected that creditors will suffer a shortfall of £167,000.

Andrew Little and Gillian Sayburn, both of Begbies Traynor (Central) LLP, were appointed as joint liquidators of furniture retailer At the Moment Ltd, trading as ATM Living, on 5 February 2024. The business owed preferential creditor, the HMRC, £41,000, while unsecured creditor claims totalled £565,000, with £343,000 owed to a related party. It is expected that creditors will suffer a shortfall of £784,000.

LA Business Recovery was appointed as liquidator of furniture business NJF Joinery Ltd on 6 February 2024. The business owed preferential creditor, the HMRC, £12,000, while unsecured creditor claims totalled £40,000, with £28,000 owed to HSBC Bank. It is expected that creditors will suffer a shortfall of £90,000.

Isobel Brett, of Bretts Business Recovery Limited, was appointed as liquidator of furniture retailer M. A. Design Products Limited on 9 February 2024. The business owed preferential creditor, the HMRC, £23,000, while unsecured creditor claims totalled £200,000, with a further £38,000 owed to the taxman and £25,000 in a bounce back loan. It is expected that creditors will suffer a shortfall of £168,000.

Kevin McLeod and Christopher Andersen, both of AABRS Limited, were appointed as liquidators of kitchen furniture manufacturer Rose Bespoke Ltd on 12 February 2024. The business owes unsecured creditors a total of £42,000, with the majority being owed to HSBC Bank. Creditors are expected to suffer a shortfall of the entire amount.

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