Flooring chain had debts of almost £400,000

A five store flooring chain had debts of almost £400,000 before liquidators were appointed this week.

The Little Carpet Company, which operated five stores across Nottinghamshire, owed £388,270.46 when Begbies Traynor was appointed on 14 February.

The company, founded in 2010, had assets of just under £22,000 according to the statement of affairs by director Michelle Breslin, who herself was owed £7,000.

Finance provider Funding Circle was the largest creditor, owned more than £187,000. Just over £124,000 was owed to trade creditors -including one debt for more than £50,000 – over £36,500 to employees and £26,000 to the company’s bank. One consumer was owed £500.

The company had branches in Mapperley (pictured), Gelding, Arnold, Wollaton and West Bridgford.

Image: Google

TheLittleCarpetCompany

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