Derbyshire furniture and flooring retailer Eyres Home owed more than £2m when it went under.
The company closed the doors of its Chesterfield store in February 2022, saying it be underdoing a two month refurbishment. However, in April it said it had been ‘unable to secure critical funding’ and ceased trading.
A statement of affairs from liquidators Leonard Curtis shows that debts were £2.4m.
Shoppers were owed £110,178 while trade creditors were owed £401,501.
Staff are owed £81,269.
Allica Bank has a debt of £950,000 while HMRC is owed £420,812 for VAT, tax and national insurance in addition to a £50,000 bounceback loan.
Former director Alan Rees is listed as being owed £449,528. Rees is a director of Ms 001 which bought the store ‘in the sum of £1.15m and the amounts owing to Shawbrook Bank, the lender at the time who was owed £950,000, were repaid. Whilst £950,000 was paid against the sales price, by way of refinancing, a sum of £200,000 remains outstanding. Any recovery from Ms 001 will likely be dependent on its financial position, which will be fully investigated, along with the background to the debts, following the appointment of the joint liquidators. As such, the realisable value of these sums are currently uncertain,’ says the statement of affairs.
Image: Google.
