Carpetright’s financial difficulties have been revealed through its recent statement of affairs, indicating significant rental debts.
- The company owes nearly £3.5 million to at least 11 retailers due to rental arrears following its collapse.
- DFS is the largest creditor, with Carpetright owing them over £1 million.
- In addition, Carpetright shoppers are owed £8 million in outstanding orders.
- The full extent of the debt is expected to be higher than currently reported.
Carpetright’s recent statement of affairs has brought its financial issues to light, revealing that the company owes nearly £3.5 million in rental debts to a minimum of 11 retail businesses. This significant sum adds to the challenges faced by the collapsed firm.
Among its creditors, DFS for Newcraighall, Lothian, holds the most substantial claim, with more than £1 million owed by Carpetright. The situation is further complicated by debts to other major retailers, including £385,000 owed to B&M, £324,000 to Furniture Village, and almost £168,000 to Bensons for Beds.
In a broader financial scope, Carpetright has also left its shoppers with £8 million in outstanding orders. According to the statement, the majority of these 21,000 affected customers should not expect refunds, highlighting the extensive impact of the company’s collapse.
Moreover, the statement hints at a potentially higher final debt amount for Carpetright, as sources close to the matter suggest that the actual owed sum might exceed current estimates. This raises further concerns about the financial repercussions of the company’s downfall.
The total indebtedness, including small claims from pension funds, property companies, charities, local authorities, and individuals, reaches £148,000. This adds additional layers to the complexity of Carpetright’s financial obligations.
Carpetright’s collapse has resulted in substantial financial liabilities, impacting a wide array of stakeholders.
