Creditors of 29 furnishing businesses owed almost £9m

In the latest Insolvency Digest, creditors of 29 furnishing businesses entering liquidation or administration are expected to suffer a combined shortfall of £8.8m.

Jamie Playford, of Leading, was appointed as liquidator of furniture retailer NR Designs Ltd, trading as Kutchenhaus, on 6 September 2023. The business owed unsecured creditors £49,000, with Starling Bank owed £31,000. It is expected that creditors will suffer a shortfall of £51,000.

Mike Kienlen and Daryl Warwick, both of Third Floor, were appointed as joint liquidators of furniture retailer Talor Garden Furniture Ltd on 11 September 2023. The business owed preferential creditor employee claims £9,500, which is expected to be repaid from realised assets valuing £14,000. The HMRC is owed £49,000, while unsecured creditor claims totalled £423,000, with £74,000 owed to consumers. Other significant sums owed include £144,000 to YouLend and £108,000 owed to NCO Europe. It is expected that creditors will suffer a shortfall of £468,000.

Rehan Ahmed and Tauseef Rashid, both of Quantuma Advisory Limited, were appointed as joint liquidators of mattress manufacturer Diamond Beds Limited on 12 September 2023. The business owed preferential creditor, the HMRC, £12,200, while unsecured creditor claims totalled £397,000, with £123,000 owed to banks. Other significant sums owed include £78,000 to Funding Circle. It is expected that creditors will suffer a shortfall of £391,000.

Stuart Garner, of Garner Advisory Limited, was appointed as liquidator of kitchen furniture manufacturer Smith Taylor Natural Products Limited on 28 August 2023. The business owed unsecured creditor, HSBC Bank, a total of £46,000, which is expected to suffer a shortfall of the entire amount.

Jeremy Woodside, of Quantuma Advisory Limited, was appointed as liquidator of furniture retailer AMC Furniture Ltd on 4 October 2023. The business owed preferential creditor employee claims £29,800, which is expected to be repaid from realised assets valuing £98,000. The HMRC is owed £674,000, while unsecured creditor claims totalled £968,000, with £674,000 owed to banks. It is expected that creditors will suffer a shortfall of £1.5m.

Gareth Lewis and Matthew Russell, both of Lewis Business Recovery & Insolvency, were appointed as joint liquidators of furniture manufacturer Raw Bespoke Limited on 1 September 2023. The business owed preferential creditor, the HMRC, £31,000, while unsecured creditor claims totalled £51,000. It is expected that creditors will suffer a shortfall of £79,000.

Martin Halligan, of Live Recoveries Limited, was appointed as liquidator of furniture and beds retailer Canny Beds Ltd on 5 September 2023. The business owed preferential creditor, the HMRC, £40,000, while unsecured creditor claims totalled £116,000, with a further £36,000 owed to the taxman. It is expected that creditors will suffer a shortfall of £150,000.

Nicola Meadows and Martin Smith, both of DBR Restructuring Limited, were appointed as joint liquidators of online furniture retailer Housecosy Limited on 7 September 2023. The business owed unsecured creditor claims £102,000, with £75,000 owed to a director’s loan. It is expected that creditors will suffer a shortfall of £88,000 following realised assets valuing £14,000 understood to be made available to creditors.

Philip Nunney and Joanne Hammond, both of Begbies Traynor (SY) LLP, were appointed as joint liquidators of kitchen furniture retailer The Kitchen Shoppe Limited on 14 September 2023. The business owed preferential creditor employee claims £4,700, while the HMRC is owed £52,000. As for unsecured creditors, claims totalled £515,000, with £125,000 owed to Funding Circle and £121,000 owed to consumers. It is expected that creditors will suffer a shortfall of £572,000.

James Fish and Craig Johns, both of Cowgill Holloway Business Recovery LLP, were appointed as joint liquidators of furniture retailer Chesterfield Couture England Ltd on 7 September 2023. The business owed preferential creditor employee claims £13,000, which is expected to be repaid from realised assets valuing £43,000. The HMRC is owed £12,000, which is also expected to repaid in full. As for unsecured creditors, claims totalled £253,000, with a further £115,000 owed to employees and £65,000 owed to Lloyds Bank. It is expected that creditors will suffer a shortfall of £250,000.

C H I Moore, of K J Watkin & Co., was appointed as liquidator of carpet retailer Direct Carpets and Cushions Floor Clearance Centre Limited on 4 September 2023. The business owed preferential creditor employee claims £4,000, which is expected to be repaid from realised assets valuing £24,000. The HMRC is owed £18,000, while unsecured creditor claims totalled £169,000, with £91,000 owed to a director’s loan. It is expected that creditors will suffer a shortfall of £167,000.

Rehan Ahmed and Tauseef Rashid, both of Quantuma Advisory Limited, were appointed as joint liquidators of wholesaler Dreamtouch Mattresses Ltd on 11 September 2023. The business owed preferential creditor, the HMRC, £125,000, while unsecured creditor claims totalled £160,000, with £50,000 owed to banks. It is expected that creditors will suffer a shortfall of £286,000.

Lauren Auburn and Thomas Guthrie, both of BRI Business Recovery and Insolvency, were appointed as joint liquidators of furniture business Furniture Sales and Marketing Ltd on 7 September 2023. The business owed unsecured creditors £160,000, with £84,000 owed to the HMRC. It is expected that creditors will suffer a shortfall of the entire amount.

Stuart Kelly, of SPK Financial Solutions Limited, was appointed as liquidator of furniture manufacturing business Reupholstery Rapid Limited on 12 September 2023. The business owed preferential creditor, the HMRC, £137,000, while unsecured creditor claims totalled £47,000, with £41,000 owed to connected company Contract Joinery Upholstery. It is expected that creditors will suffer a shortfall of £179,000.

Peter Harold, of Bespoke Insolvency Solutions, was appointed as liquidator of furniture retailer Warmerways Ltd on 13 September 2023. The business owed preferential creditor, the HMRC, owed £233,000, while unsecured creditor claims totalled £39,000, with £29,000 owed to the Royal Bank of Scotland. It is expected that creditors will suffer a shortfall of £272,000.

Rikki Burton, of Anderson Brookes Insolvency Practitioners Limited, was appointed as liquidator of joinery business SW Six Design Limited, trading as Graham Sawyer Bespoke Furniture, 31 August 2023. The business owed preferential creditor employee claims £16,800, while the HMRC is owed £107,000. As for unsecured creditors, claims totalled £78,000, with £12,000 owed to pension provider NEST. It is expected that creditors will suffer a shortfall of £202,000.

Martin Maloney and Steve Markey, both of Leonard Curtis, were appointed as joint liquidators of furniture manufacturer Luxury Childrens Beds Ltd on 21 September 2023. The business owed preferential creditor, the HMRC, £32,000, while unsecured creditor claims totalled £156,000, with £60,000 owed to consumers. It is expected that creditors will suffer a shortfall of £188,000.

Brendan Doyle and Dean Collins, both of Doyle Davies Consultancy Ltd, were appointed as joint liquidators of kitchen furniture business Space Fitting Furniture Limited on 22 September 2023. The business owed preferential creditor, the HMRC, £118,000, while unsecured creditor claims totalled £86,000, with £82,000 owed to banks. It is expected that creditors will suffer a shortfall of £204,000.

Andrew Ryder, of JT Maxwell Ltd, was appointed as liquidator of furniture repair specialist Coopers of Ilkley Limited on 26 July 2023. The business owed preferential creditor employee claims £2,000, which is expected to be repaid from realised assets valuing £9,000. The HMRC is owed £8,000, while unsecured creditor claims totalled £126,000, with £65,000 owed to a director’s loan and £40,000 owed to employees. It is expected that creditors will suffer a shortfall of £127,000.

Martin Maloney and Steve Markey, both of Leonard Curtis, were appointed as joint liquidators of joinery business Kingsley Furniture Ltd on 21 September 2023. The business owed preferential creditor, the HMRC, £53,000, while unsecured creditor claims totalled £76,000, with £68,000 owed to employees. It is expected that creditors will suffer a shortfall of £131,000.

Gareth Rusling and Philip Nunney, both of Begbies Traynor (SY) LLP, were appointed as joint liquidators of furniture retailer Robinsons Furniture Ltd on 26 September 2023. The business owed preferential creditor employee claims £6,000, which is expected to be repaid from realised assets valuing £8,000. The HMRC is owed £17,000, while unsecured creditor claims totalled £238,000, with £74,000 owed to redundancy claims. Other significant sums owed include £77,000 to the trade and £39,000 owed to HSBC Bank. It is expected that creditors will suffer a shortfall of £254,000.

Avner Radomsky and Michael Goldstein, both of RG Insolvency, were appointed as joint liquidators of furniture wholesaler Eco Furniture Ltd on 27 September 2023. The business owed preferential creditor, the HMRC, £9,100, which is expected to be repaid from realised assets valuing £164,000. HSBC Bank is owed £487,000, while unsecured creditor claims totalled £353,000. It is expected that creditors will suffer a shortfall of £686,000.

Timothy Heaselgrave, of The Timothy James Partnership Limited, was appointed as liquidator of furniture manufacturing business Concept Display Systems (South West) Limited on 27 September 2023. The business owed preferential creditor employee claims £23,300, which is expected to be repaid from realised assets valuing £29,000. The HMRC is owed £121,000, while unsecured creditor claims totalled £400,000, with £177,000 owed to employees. Other significant sums owed include £80,000 to Funding Circle and £33,000 to HSBC Bank. It is expected that creditors will suffer a shortfall of £526,000.

Chris Newell and Nicholas Simmonds, both of Quantuma Advisory Limited, were appointed as joint liquidators of kitchen furniture manufacturer BB Clarke (UK) Ltd, trading as Anthony Mullan Furniture, on 25 September 2023. The business owed preferential creditor employee claims £2,300, which is expected to be repaid from realised assets valuing £35,000. The HMRC is owed £71,000, while unsecured creditor claims totalled £558,000, with £103,000 owed to HSBC Bank. Other significant sums owed included £195,000 to a director’s loan. It is expected that creditors will suffer a shortfall of £597,000.

Simon Weir, of DSi Business Recovery, was appointed as liquidator of online furniture retailer Sova Direct Limited on 25 September 2023. The business owed unsecured creditors £19,000, which are expected to suffer a shortfall of the entire amount.

Robert Cooksey, of Bridgestones Limited, was apppinted as liquidator of furnishings retailer Household Goods Limited, trading as World of Wicker, on 26 September 2023. The business owed preferential creditor, the HMRC, £14,000, while unsecured creditor claims totalled £229,000, with £64,000 owed to Lloyds Bank. Other significant sums owed included £10,000 to consumer deposits. It is expected that creditors will suffer a shortfall of £231,000.

Simon Weir, of DSi Business Recovery, was appointed as liquidator of furniture retailer Rustic Bespoke Furniture Limited on 27 September 2023. The business owed unsecured creditors £24,000, which are expected to suffer a shortfall of the entire amount.

Chris Newell and Richard Easterby, both of Quantuma Advisory Limited, were appointed as joint liquidators of carpets and flooring wholesaler Unit 1 Flooring Ltd on 5 October 2023. The business owed preferential creditor, the HMRC, £43,000, which is expected to be repaid from realised assets valuing £70,000. As for unsecured creditors, claims totalled £860,000, with £781,000 owed to connected company New Homes Flooring Limited, which was recently placed into administration. It is expected that creditors will suffer a shortfall of £833,000.

Neil Money, of CBA Business Solutions, was appointed as liquidator of furniture wholesale business L&M Clearance Limited on 2 October 2023. The business owed preferential creditor, the HMRC, £138,500, while unsecured creditor claims totalled £128,000, with £34,000 owed to director’s loan. It is expected that creditors will suffer a shortfall of £252,000.

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