Furniture retailer liquidation sees creditor bill total over £1m

Leeds-based furniture retailer The Bedroom Village has been placed into liquidation, owing creditors over £1m.

David Wilson, of DFW Associates, was appointed as liquidator of QLM Leeds Limited, trading as The Bedroom Village and Special Occasions, on 15 November 2022.

Detailed in newly filed documents on Companies House, the business owed preferential creditors over £100,000, which included almost £16,000 to employee arears and £88,000 to the HMRC. It is expected that employee claims will be repaid from realised funds of £41,000, leaving a shortfall of £61,000 to the HMRC.

As for unsecured creditors, claims totalled just over £1m, which includes over £400,000 in directors’ loans, a further £120,000 owed to employees’ redundancy claims, £75,000 owed to the Natwest Bank, £83,000 owed to its landlord and over £52,000 of consumer deposits.

Furthermore, £196,000 is owed in trade claims, with four and five-figure sums being owed to a number of beds and sofa manufacturers as well as furniture wholesalers.

It is understood that creditors are expected to suffer a total shortfall of almost £1.1m.

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