Suppliers
What has happened?
It is the UK’s leading manufacturer of premium upholstered furniture and soft furnishings, supplying both high street and independent retailers. The business has faced a number of challenging trading conditions which resulted in significant liquidity pressure.
Should I continue to supply goods and services to the business?
The Purchaser will be continuing to trade and will be responsible for all future liabilities incurred (being any deliveries made, purchases or services provided after the date of administration).
Am I required to continue providing service or supplies?
The Purchaser will be in contact with you directly regarding ongoing supply. Should you wish to discuss any matters with the Purchaser, please liaise with your usual contact in the normal course of business.
I am owed money. What notification will I receive?
The Administrators will send a report to all known creditors and members within one week of the appointments. This report is known as the Administrators’ proposals and will outline steps taken by the Administrators to date and the strategy going forwards.
The Administrators are also required to provide a written update on the Administrations to all known creditors every six months. This report will be sent within one month of every six month anniversary or earlier if the Administrators vacate office or an extension to the Administration is granted.
When will I get paid?
Payment for goods and services provided prior to the date of appointment will not be paid for as an expense of the Administration estate.
All outstanding amounts at the date of the Administrators’ appointment will be an unsecured claim in the respective Administration. You can submit a claim with the Administrators into the relevant estate for the amount you were owed prior to their appointment. If there are funds available, you may receive a dividend payment in due course, although at this time we do not believe that there will be any return to unsecured creditors from any of the Administration estates.
We will shortly be providing guidance on how creditors can submit a claim if creditors wish to do so.
If your claim includes VAT, you may be able to obtain VAT bad debt relief six months after your supply.
I have goods on site. Can I get them back?
If you believe you have a Retention of Title or similar claim over goods or assets that you have supplied to the Companies, please liaise with your usual contact in the normal course of business.
Our appointment means that you can’t start or continue legal action, enforce security or repossess any goods held by the Companies unless we agree or the court allows it.
What if I have any other queries?
If your query has not been answered by the above, please email us at the email address below which corresponds with your claim/query: -
uk_westbridge_creditors@pwc.com
uk_clinchplain_creditors@pwc.com
