In the latest Insolvency Digest, creditors of 35 furnishing businesses entering liquidation or administration are expected to suffer a combined shortfall of £10.6m.
Dominik Thiel-Czerwinke and Wayne MacPherson, both of Begbies Traynor (Central) LLP, were appointed as joint liquidators of manufacturer Turners and Moore Ltd on 21 March 2024. The business owed preferential creditor, the HMRC, £21,000, while unsecured creditor claims totalled £243,000, with £158,000 owed to banks and financial firms. It is expected that creditors will suffer a shortfall of £252,000.
Andrew Cordon and James Everist, both of CFS Restructuring LLP, were appointed as joint liquidators of furniture manufacturer Eco Benchmade Upholstery Ltd on 15 March 2024. The business owed preferential creditor employee claims £35,000, while the HMRC is also owed £153,000. As for unsecured creditor claims, these totalled £103,000, with a further £78,000 owed to employees. It is expected that creditors will suffer a shortfall of £248,000.
David Kirk and Daniel Jeeves, both of Kirks, were appointed as joint liquidators of furniture manufacturer AMF Limited on 10 April 2024. The business owed preferential creditor employee claims £5,000, while the HMRC is also owed £145,000. As for unsecured creditor claims, these totalled £800,000. It is expected that creditors will suffer a shortfall of £945,000.
Christopher Knott and Martin Maloney, both of Leonard Curtis, were appointed as joint liquidators of furniture manufacturer Crafty Creations MCR Ltd on 8 April 2024. The business owed preferential creditor, the HMRC, £84,000, while unsecured creditor claims totalled £39,000. It is expected that creditors will suffer a shortfall of £116,000.
Katie Mason, of KPM Business Recovery & Insolvency Limited, was appointed as liquidator of bespoke furniture retailer Graeme Scott Furniture Limited on 8 April 2024. The business owed preferential creditor, the HMRC, £5,000, while unsecured creditor claims totalled £167,000, with over £120,000 owed to employees and a director’s loan. It is expected that creditors will suffer a shortfall of £153,000.
Christopher Wood and Steven Hodgson, both of Clough Corporate Solutions Limited, were appointed as joint liquidators of office furniture wholesaler Thomas Dick (York) Limited on 4 April 2024. The business owed preferential creditor employee claims over £1,000, while the HMRC is also owed £1,000. As for unsecured creditor claims, these totalled £122,000. It is expected that creditors will suffer a shortfall of £127,000.
Philip Booth, of Booth & Co, was appointed as liquidator of home furnishings manufacturer Bespoke Home Furnishings Ltd on 11 April 2024. The business owed preferential creditor employee claims over £6,000, while the HMRC is also owed £22,000. As for unsecured creditor claims, these totalled £25,000. It is expected that creditors will suffer a shortfall of £50,000.
J N Bleazard, of XL Business Solutions, was appointed as liquidator of school furniture manufacturer GMFL Limited on 20 March 2024. The business owed preferential creditor, the HMRC, £115,000, while unsecured creditor claims totalled £38,000. It is expected that creditors will suffer a shortfall of £129,000.
Jason Elliott and Craig Johns, of Cowgills Limited, were appointed as joint liquidators of soft furnishings wholesaler Sati Textile Mills Ltd on 11 April 2024. The business owed preferential creditor, the HMRC, £810,000, while unsecured creditor claims totalled £604,000. It is expected that creditors will suffer a shortfall of £1.4m.
Michelle Breslin and Ian Rose, both of FA Simms & Partners Limited, were appointed as joint liquidators of furniture and beds retailer The Sleepstation Limited, trading as The Sleep Station & The Bed Station, on 18 April 2024. The business owed preferential creditor, the HMRC, £6,000, while unsecured creditor claims totalled £294,000. It is expected that creditors will suffer a shortfall of £317,000.
Frazer Ulrick, of Westgates Restructuring Limited, was appointed as liquidator of furniture retailer Intune Kitchens Limited on 15 April 2024. The business owed preferential creditor, the HMRC, £1,600, while unsecured creditor claims totalled £58,000. It is expected that creditors will suffer a shortfall of £56,000.
Gareth Stones, of Stones & Co Insolvency Practitioners Limited, was appointed as liquidator of bespoke furniture manufacturer Redwood Joinery (Swansea) Limited on 11 April 2024. The business owed preferential creditor employee claims over £13,000, while the HMRC is also owed £12,000. As for unsecured creditor claims, these totalled £171,000. It is expected that creditors will suffer a shortfall of £177,000.
Natalie Hughes, of Simply Corporate Limited, was appointed as liquidator of furnishings business K Terry & Son Ltd on 12 April 2024. The business owed preferential creditor, the HMRC, £46,000, while unsecured creditor claims totalled £319,000. It is expected that creditors will suffer a shortfall of £361,000.
Richard Hunt, of SFP Restructuring Limited, was appointed as liquidator of carpet retailer Carpet Supplies Limited on 11 April 2024. The business owed preferential creditor, the HMRC, £8,800, while unsecured creditor claims totalled £117,000. It is expected that creditors will suffer a shortfall of £126,000.
John Carpenter and Christopher Barrett, both of Dow Schofield Watts Business Recovery LLP, were appointed as joint liquidators of beds retailer Kendal Bed Centre Limited on 26 March 2024. The business owed preferential creditor employee claims over £1,000, while the HMRC is also owed £18,000. As for unsecured creditor claims, these totalled £141,000. It is expected that creditors will suffer a shortfall of £160,000.
Darren Brookes, of Milner Boardman & Partners, was appointed as liquidator of furniture retailer H F Contract Furniture Limited on 16 February 2024. The business owed preferential creditor employee claims over £7,600, while the HMRC is also owed £189,000. As for unsecured creditor claims, these totalled £690,000, with a further £140,000 owed to employees. It is expected that creditors will suffer a shortfall of £886,000.
Michelle Williams, of Bailams & Co, was appointed as liquidator of furniture manufacturer K. And E. Upholstery Limited on 17 April 2024. The business owed unsecured creditor claims a total of £392,000, with £297,000 owed as an associated loan to AMB Catering For Leisure Limited. It is expected that creditors will suffer a shortfall of £385,000.
Steven Edwards and Vincent Green, both of Crowe U.K. LLP, were appointed as joint liquidators of kitchen furniture manufacturer Dexter Stevens Kitchens & Interiors Limited, trading as Kutchenhaus Tunbridge Wells and Sevenoaks, on 19 April 2024. The business owed preferential creditor employee claims over £4,000, while the HMRC is also owed £30,000. As for unsecured creditor claims, these totalled £376,000, with a further £253,000 owed to directors. It is expected that creditors will suffer a shortfall of £373,000.
Steven Currie, of Currie Young Limited, was appointed as liquidator of furniture retailer Schwarze Group Limited on 25 April 2024. The business owed preferential creditor employee claims over £11,00, while the HMRC is also owed £160,000. As for unsecured creditor claims, these totalled £356,000, with a further £45,000 owed to the taxman. It is expected that creditors will suffer a shortfall of £528,000.
Grace Jones and Lisa Ann Thomas, both of Parker Andrews Limited, were appointed as joint liquidators of curtains, blinds, shutters and soft furnishings supplier APS Leisure Upholstery Ltd, trading as The Hessian Company, on 30 April 2024. The business owed preferential creditor employee claims over £1,000, while the HMRC is also owed £92,000. As for unsecured creditor claims, these totalled £179,000, with £45,000 owed to NatWest Bank and £11,000 owed to consumers. It is expected that creditors will suffer a shortfall of £261,000.
Alan Simon, of Expedium Limited, was appointed as liquidator of furniture manufacturer Linea Luxe Furniture Limited on 29 April 2024. The business owed preferential creditor employee claims over £4,000, while the HMRC is also owed £113,000. As for unsecured creditor claims, these totalled £188,000. It is expected that creditors will suffer a shortfall of £283,000.
Daniel Ormerod and Martin Maloney, both of Leonard Curtis, were appointed as joint liquidators of furniture retailer Wyndham Furniture Limited on 29 April 2024. The business owed unsecured creditor claims a total of £45,000, with £25,000 owed to HSBC bank. It is expected that creditors will suffer a shortfall of the full amount.
Natalie Hughes, of Simply Corporate Limited, was appointed as liquidator of furniture retailer The Pug and the Pussycat (Woodbridge) Ltd on 30 April 2024. The business owed unsecured creditor claims a total of £15,000 and are expected to suffer a shortfall of the full amount.
Neil Money, of CBA Business Solutions, was appointed as liquidator of furniture retailer Oxford Furniture Company Ltd on 1 May 2024. The business owed unsecured creditor claims a total of £209,000, with £75,000 owed to banks. It is expected that creditors will suffer a shortfall of the full amount.
Matthew Hoy and Shane Biddlecombe, both of TruSolv Ltd, were appointed as joint liquidators of office furniture wholesaler Office Furniture and Interiors Limited on 29 April 2024. The business owed preferential creditor employee claims over £1,000, while the HMRC is also owed £72,000. As for unsecured creditor claims, these totalled £237,000, with a further £42,000 owed to the HMRC and over £50,000 owed to Barclays Bank. It is expected that creditors will suffer a shortfall of £304,000.
Steven Currie, of Currie Young Limited, was appointed as administrator of online furniture retailer Display Cabinets UK Ltd on 18 March 2024. The HMRC is owed £400,000, while unsecured creditor claims totalled £85,000. It is expected that creditors will suffer a shortfall of £422,000.
Grace Jones and David Perkins, both of Parker Andrews Limited, were appointed as joint liquidators of manufacturer and fitter of curtains, blinds, tracks and poles, upholstery business CMD Interiors Limited on 1 May 2024. The business owed preferential creditor employee claims over £7,000, while the HMRC is also owed £10,000. As for unsecured creditor claims, these totalled £101,000, with a further £73,000 owed to employees. It is expected that creditors will suffer a shortfall of £107,000.
Natalie Hughes, of Simply Corporate Limited, was appointed as liquidator of furniture retailer Southey Interiors Limited, trading as William Rogers Design, on 8 May 2024. The business owed preferential creditor employee claims over £2,000, while the HMRC is also owed £6,000. As for unsecured creditor claims, these totalled £68,000. It is expected that creditors will suffer a shortfall of £79,000.
Francesca Tackie, of Mercury Corporate Recovery Solutions Ltd, was appointed as liquidator of kitchen furniture manufacturer Willowfield Bespoke Limited on 7 May 2024. The business owed preferential creditor employee claims over £6,000, while the HMRC is also owed £211,000. As for unsecured creditor claims, these totalled £191,000 and included £95,000 being owed to consumers. It is expected that creditors will suffer a shortfall of £408,000.
Simon Barriball and Sandra McAlister, both of McAlister, were appointed as joint liquidators of furniture retailer Phil 4 Beds Limited on 15 May 2024. The business owed preferential creditor, the HMRC, £19,000, while unsecured creditor claims totalled £140,000. It is expected that creditors will suffer a shortfall of £154,000.
Daniel Taylor, of Fortis Insolvency Limited, was appointed as liquidator of furniture wholesaler Pepper SQ Limited on 14 May 2024. The business owed preferential creditor, the HMRC, £6,000, while unsecured creditor claims totalled £433,000, including a director’s loan of £351,000 and consumer claims valuing £15,700. It is expected that creditors will suffer a shortfall of £596,000.
Daniel Ormerod and Martin Maloney, both of Leonard Curtis, were appointed as joint liquidators of furniture manufacturer Brightdesk Limited on 8 May 2024. The business owed preferential creditor, the HMRC, £1,000, while unsecured creditor claims totalled £110,000 with a further £15,000 owed to the taxman. It is expected that creditors will suffer a shortfall of £114,000.
Victoria Galbraith, of Bridgestones Limited, was appointed as liquidator of kitchen furniture business Banstead Kitchen Studio Limited on 13 May 2024. The business owed preferential creditor, the HMRC, £8,500, while unsecured creditor claims totalled £175,000. It is expected that creditors will suffer a shortfall of £183,000.
Steven Glanvill and Neil Money, both of CBA Business Solutions, were appointed as joint liquidators of furniture retailer East 2 West Furniture Company Limited, trading as Paul Edwards Interiors, on 17 April 2024. The business owed preferential creditor, the HMRC, £22,000, while unsecured creditor claims totalled £427,000 and included consumer claims valuing £80,000. It is expected that creditors will suffer a shortfall of £447,000.
Lee De’ath (and Tom Gardiner, both of Begbies Traynor (Central) LLP, were appointed as liquidators of carpet business The Rug & Carpet Studio Limited on 15 May 2024. The business owed preferential creditor employee claims over £9,000, while the HMRC is also owed £15,000. As for unsecured creditor claims, these totalled £190,000. It is expected that creditors will suffer a shortfall of £208,000.