Carpet retailer Let’s Pay Weekly has entered liquidation, owing unsecured creditors almost £1m.

Richard Marchinton, of Conselia Limited, was appointed as liquidator of Let’s Pay Weekly Ltd on 16 July 2024.

Detailed in newly filed documents on Companies House, the business owed preferential creditor, the HMRC, a sum of £142,000, while unsecured creditor claims valued £890,000.

These included £210,000 owed to Funding Circle, £374,000 owed to Hanover Carpets and £26,000 owed to Santander Bank. It is expected that creditors will suffer a shortfall of just over £1m.