Carpetright customers are owed almost £8m for outstanding orders at the flooring firm, with the majority of the 21,000 shoppers impacted expected not to be refunded, according to the company directors’ statement of affairs.
Sources close the situation indicated the final amount of money owed by the collapsed carpet giant was likely to be “considerably” higher, The Times reported.
Talal Shakerchi, who owns Nestware Holdings, the parent company of Carpetright before its collapse, has been met with backlash for transferring the Carpetright brand and intellectual property rights to Nestware in December in return for £12m.
Tapi Carpets, which snapped up Carpetright in July, was forced to pay Nestware £5m for the chain’s intellectual property.
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Carpetright owner came under fire from insiders for not using some of the money to pay shoppers and other creditors.
Meanwhile, newly filed documents have revealed the total debts owed to unsecured creditors amount to £373m, with the majority to be left almost entirely unpaid.
A total of 298 landlord creditors, such as B&Q, B&M, Asda and British Land, are owed £148m. Additionally, debts owed to trade creditors amount to 226m.
While Nestware is owed £175m, sources close to the situation claimed the firm had not been given any of the cash owed and was unlikely to in the future, The Times reported.
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