Carpetright Customers Owed Nearly £8m

According to documents filed at Companies House, customers of Carpetright are waiting for orders worth almost £8m. A statement of affairs revealed that nearly 21,000 customers are affected by the retailer's collapse, although sources told The Times that the true figures are likely to be much higher. 

The statement shows that 298 landlords are owed £148m, with Asda, Barkers, Bensons for Beds, B&M, B&Q, British Land, CBRE, DFS, Furniture Village, Hafren, Lidl, Marks & Spencer and Wickes all affected. 

Carpet fitters and suppliers are owed £226m.

The chart below, taken from the statement, shows creditor type, number of claimants and total sums owed:

The documents also show that Nestware Holdings - owned by Meditor, a British hedge fund headed by Talal Shakerchi - Carpetright's parent company, is owed £175m, but has yet to receive any money and is unlikely to in the future.

Tapi acquired Carpetright's brand, warehouses and 54 of its stores on 22nd July 2024, ten days after Carpetright announced it had filed a notice of intention to appoint administrators. The remaining 273 stores closed and 1,500 jobs were lost. The leases and stock were purchased for £3.7m.

Bensons for Beds acquired 19 Carpetright stores on 7th August, and The Floor Room, one of Carpetright's sister companies, fell into administration on 9th August.    

In December, Talal Shakerchi transfered the Carpetright brand and intellectual property (IP) rights to Nestware at a cost of £12m.  Tapi paid £5m for the IP but it is understood that none of the money was used to refund creditors.

Source : Insight DIY

Image : martinrlee / iStock / 1310936190

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