Online furniture retailer Right Deals UK has been placed into liquidation but remains active following the sale of its goodwill.
Clive Morris, of Marshall Peters, was appointed as liquidator of Right Deals UK Limited on 5 August 2022.
Detailed in newly filed documents on Companies House, the business owed creditors over £1.3m with just over half being inter-company loans.
Preferential creditors include employee claims of £27,000 and the HMRC, owed £35,000. As for unsecured claims, £224,000 is owed to trade creditors, while a further £106,000 is owed to employees. Barclays bank is owed £43,000, as well as £181,000 owed across two business loans.
Liquidators confirmed that upon appointment, the goodwill of the company was purchased by connected group RDSS Logistics Limited, which itself was owed over £260,000, and included the trading style with the Right Deals UK website still remaining active.