Lighting and homeware retailer Sunset Lighting has been placed into liquidation with the bank being the most substantial creditor.
Rikki Burton, of Anderson Brookes Insolvency Practitioners, was appointed as liquidator of Sunset Lighting Limited on 27 May 2022.
Detailed in newly filed documents on Companies House, the business owed unsecured creditors just over £40,000, with more than half of this figure, £22,000, being owed to Barclays bank.
Other creditor claims included a director’s loan of £13,000, employee claims of £1,600 and trade claims of £2,700.
Secured creditor, HMRC, is owed £2,200 and is expected to be repaid in full from realised assets valuing £6,000. Other preferential claims include employee arrears valuing £883, which are also expected to be repaid.
This will leave around £3,000 for unsecured creditors, with an anticipated shortfall of £37,000.
The business, which had been established since 2012 and traded from its store in Horwich, has closed its operations from its website and disconnected its social platforms, as well as removing its Amazon and eBay presence.