The UK company of French lighting wholesaler Girard Sudron has been placed into liquidation.
Andrew Smith and Thomas Grummitt, both of Bridgewood Financial Solutions Ltd, were appointed as joint liquidators of Girard Sudron UK Ltd on 26 August 2022.
Detailed in newly filed documents on Companies House, the business owed secured creditor, the HMRC, a total of £22,000. This is expected to be mostly repaid from realised assets valuing £20,000.
As for unsecured creditors, these are owed a combined sum of £263,000, with the majority of £217,000 being owed to parent company Girard Sudron France. The main other claim values £45,000, owed to Metro Bank.
It is understood that creditors will suffer a total shortfall of £265,000.