Creditors of 28 furnishing businesses owed £5m

In the latest Insolvency Digest, creditors of 28 furnishing businesses entering liquidation or administration are expected to suffer a combined shortfall of £5m.

Michael Royce, of M.R. Insolvency, was appointed as liquidator of bed manufacturer and online retailer Knight Furniture Ltd on 19 December 2023. The business owed preferential creditor, the HMRC, £1,800, which is expected to be repaid from realised assets valuing £5,800. As for unsecured creditor claims, these totalled £25,000, with £21,000 owed to Santander Bank. It is expected that creditors will suffer a shortfall of £21,000.

John Hedger, of Seneca IP Limited, was appointed liquidator of furniture business Furniture Deals Ltd on 14 December 2023. The business owed preferential creditor, the HMRC, £22,000, while unsecured creditor claims totalled £132,000, with £82,000 owed to Barclays Bank. It is expected that creditors will suffer a shortfall of £154,000.

Simon Weir, of DSi Business Recovery, was appointed liquidator of bed manufacturer Lavish Beds and Furniture Limited on 12 December 2023. The business owed unsecured creditors £138,000, with £41,000 owed to Funding Circle and £58,000 owed to Barclays Bank. It is expected that creditors will suffer a shortfall of the entire amount.

Neil Henry, of Lines Henry Limited, was appointed as liquidator of carpets and flooring business Direct Carpets and Flooring (Northwest) Limited on 20 December 2023. The business owed preferential creditor, the HMRC, £20,000, while unsecured creditor claims totalled £132,000, with £33,000 owed to Nucleus Cash Flow Finance. It is expected that creditors will suffer a shortfall of £152,000.

Richard Hunt, of SFP Restructuring Limited, was appointed as liquidator of retailer IT IDEAS (GB) Ltd on 18 December 202. The business owed preferential creditor, the HMRC, £10,000, while unsecured creditor claims totalled £63,000, with £35,000 owed to Barclays Bank. It is expected that creditors will suffer a shortfall of £73,000.

Thomas Guthrie and Lauren Auburn, both of BRI Business Recovery and Insolvency, were appointed as joint liquidators of furniture manufacturer and joinery business Media Walls Design & Build Ltd on 14 December 2023. The business owed preferential creditor employee claims over £6,000, which is expected to be repaid from realised assets valuing £7,400. The HMRC is also owed £54,000. As for unsecured creditor claims, these totalled £100,000, with £38,000 owed to employees. It is expected that creditors will suffer a shortfall of £153,000.

Craig Povey and Richard Toone, both of Begbies Traynor (London) LLP, were appointed as joint liquidators of furniture repair business Ecomaster Commercial Limited on 13 December 2023. The business owed preferential creditor, the HMRC, £448,000, while unsecured creditor claims totalled £440,000, with a further £53,000 owed to the taxman. It is expected that creditors will suffer a shortfall of £861,000.

Melanie Giles, of PJG Recovery (NI) Limited, was appointed as liquidator of furniture business ICMA Kitchens Ltd on 14 December 2023. The business owed preferential creditor, the HMRC, £4,500, while unsecured creditor claims totalled £126,000, with £27,000 owed to Barclays Bank. It is expected that creditors will suffer a shortfall of £110,000.

Craig Johns and Jason Mark Elliott, both of Cowgill Holloway Business Recovery LLP, were appointed as joint liquidators of furniture manufacturer GUUK Limited, trading as Gym Upholstery UK, on 14 December 2023. The business owed preferential creditor, the HMRC, £123,000, while unsecured creditor claims totalled £102,000, with £43,000 owed to Virgin Money. It is expected that creditors will suffer a shortfall of £205,000.

Grace Jones and Rishi Karia, both of Parker Andrews Limited, were appointed as joint liquidators of furniture retailer Lloyd Home Group Ltd, trading as Antony Lloyd Interiors & Lloyd Kitchens and Bathrooms, on 20 December 2023. The business owed preferential creditor employee claims over £1,500, which is expected to be repaid from realised assets valuing £7,200. The HMRC is also owed £221,000. As for unsecured creditor claims, these totalled £82,000, with £32,000 owed to YouLend. It is expected that creditors will suffer a shortfall of £298,000.

Lee De’ath and Tom Gardiner, both of Begbies Traynor (Central) LLP, were appointed as joint liquidators of furniture manufacturer Blunt Fabrications Ltd on 20 December 2023. The business owed preferential creditor employee claims over £2,000, which is expected to be repaid from realised assets valuing £5,600. The HMRC is also owed £74,000. As for unsecured creditor claims, these totalled £107,000, with £15,000 owed to banks. It is expected that creditors will suffer a shortfall of £178,000.

Ninos Koumettou and Yiannis Koumettou, both of Begbies Traynor (Central) LLP, were appointed as joint liquidators of furniture business David Way Limited on 20 December 2023. The business owed preferential creditor, the HMRC, £76,000, while unsecured creditor claims totalled £155,000, with £86,000 owed to Funding Circle. It is expected that creditors will suffer a shortfall of £226,000.

John Bell and Toyah Poole, both of Clarke Bell Limited, were appointed as joint liquidators of flooring business Herts Carpets Ltd on 19 December 2023. The business owed preferential creditor, the HMRC, £6,000, while unsecured creditor claims totalled £71,000, with £10,000 owed to consumers. It is expected that creditors will suffer a shortfall of £77,000.

Tauseef Rashid and Rehan Ahmed, both of Quantuma Advisory Limited, were appointed as joint liquidators of carpet retailer Cut Price Wallpaper (Crewe) Limited on 20 December 2023. The business owed preferential creditor, the HMRC, £8,000, while unsecured creditor claims totalled £82,000, with £16,000 owed to NatWest Bank. It is expected that creditors will suffer a shortfall of £90,000.

Jamie Playford, of Leading, was appointed as liquidator of carpet retailer Carpets in Your Home Wirral Limited on 20 December 2023. The business owed unsecured creditors £25,000, with £22,000 owed to Barclays Bank. It is expected that creditors will suffer a shortfall of the entire amount.

Richard Cacho, of RCM Advisory Limited, was appointed as liquidator of furniture wholesaler Mayan Furniture Limited on 19 December 2023. The business owed creditors £167,000, with £33,000 owed to Starling Bank and over £100,000 to the HMRC. It is expected that creditors will suffer a shortfall of the entire amount.

JN Bleazard, of XL Business Solutions Limited, was appointed as liquidator of furniture installation business Blue Furniture Ltd on 12 December 2023. The business owed preferential creditor, the HMRC, £55,000, while unsecured creditor claims totalled £174,000, with £40,000 owed to Starling Bank. It is expected that creditors will suffer a shortfall of £230,000.

Peter Wastell and William Turner, both of Verulam Advisory, were appointed as joint liquidators of office furniture supplier GWB Office Furniture Limited on 1 December 2023. The business owed preferential creditor, the HMRC, £14,000, which is expected to be repaid in full from realised assets valuing £48,000. As for unsecured creditor claims, these totalled £114,000, with £25,000 owed to Barclays Bank. It is expected that creditors will suffer a shortfall of £80,000.

Christopher Brooksbank, of CB Business Recovery, was appointed liquidator of office furniture installation business UK Installations & Logistics Limited on 21 December 2023. The business owed preferential creditor, the HMRC, £10,000, while unsecured creditor claims totalled £39,000, with £30,000 owed to NatWest Bank. It is expected that creditors will suffer a shortfall of £45,000.

Gareth Lewis and Matthew Russell, both of Lewis Business Recovery & Insolvency, were appointed as joint liquidators of lighting retailer Lighting Innovations Ltd on 27 December 2023. The business owed preferential creditor employee claims over £7,000, which is expected to be mostly repaid from realised assets valuing £6,700. The HMRC is also owed £100,000. As for unsecured creditor claims, these totalled £167,000, with a further £59,000 owed to employees and £28,000 owed to Santander Bank. It is expected that creditors will suffer a shortfall of £267,000.

Michael Jenkins and David Adam Broadbent, both of Begbies Traynor (Central) LLP, were appointed as joint liquidators of specialist furniture supplier M. Verby Limited, trading as MV Mobility, on 22 December 2023. The business owed preferential creditor employee claims over £2,000, which is expected to be repaid from realised assets valuing £5,700. The HMRC is also owed £4,500. As for unsecured creditor claims, these totalled £93,000, with £13,000 owed to NatWest Bank and a further £25,000 owed to employees. It is expected that creditors will suffer a shortfall of £94,000.

Nimish Patel and Hasib Howlader, both of Hudson Weir Limited, were appointed as joint liquidators of furniture retailer Sofia Furniture Ltd on 4 January 2024. The business owed unsecured creditor claims a total of £129,000, with £117,000 owed to director’s loan. It is expected that creditors will suffer a shortfall of the entire amount.

Gareth Stones, of Stones & Co Insolvency Practitioners Limited, was appointed as liquidator of carpet retailer The Floor Store U.K Ltd on 22 December 2023. The business owed preferential creditor, the HMRC, £37,500, while unsecured creditor claims totalled £146,000, with £17,000 owed to consumers. It is expected that creditors will suffer a shortfall of £179,000.

Lane Bednash, of CMB Partners UK Limited, was appointed as liquidator of furniture retailer Verein Ltd on 8 January 2024. The business owed preferential creditor, the HMRC, £23,000, while unsecured creditor claims totalled £57,000, with £38,000 owed to Metro Bank. It is expected that creditors will suffer a shortfall of £79,000.

Joseph Sadler and Andrew Cordon, both of CFS Restructuring LLP, were appointed as joint liquidators of lighting retailer W.T. Hume & Son (Electricians) Limited, trading as Humes Lighting, on 9 January 2024. The business owed preferential creditor, the HMRC, £4,500, which is expected to be repaid from realised assets valuing £11,500. As for unsecured creditor claims, these totalled £47,000, with £20,000 owed to Barclays Bank. It is expected that creditors will suffer a shortfall of £40,000.

Chris Newell and Jo Leach, both of Quantuma Advisory Limited, were appointed as joint liquidators of manufacturer Design & Crate Ltd on 8 January 2024. The business owed preferential creditor employee claims over £4,700, which is expected to be repaid from realised assets valuing £17,000. The HMRC is also owed £126,000. As for unsecured creditor claims, these totalled £119,000, with a further £40,000 owed to employees. It is expected that creditors will suffer a shortfall of £233,000.

Ian McCulloch and Mark Ranson, both of Opus Restructuring LLP, were appointed as joint liquidators of furniture manufacturer Baron Mercer Limited on 8 January 2024. The business owed preferential creditor employee claims over £5,200, which is expected to be repaid from realised assets valuing £40,000. The HMRC is also owed £232,000. As for unsecured creditor claims, these totalled £569,000, with £224,000 owed to an associated company. It is expected that creditors will suffer a shortfall of £769,000.

Julie Palmer and Andrew Hook, both of Begbies Traynor (Central) LLP, were appointed as joint liquidators of furniture business Roger James Furnishers Ltd on 9 January 2024. The business owed preferential creditor employee claims over £2,600, which is expected to be repaid from realised assets valuing £21,800. The HMRC is also owed £7,300. As for unsecured creditor claims, these totalled £80,000, with £13,000 owed to consumers. It is expected that creditors will suffer a shortfall of £68,000.

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