Homeform collapse leaves creditors £85m out of pocket

Collapsed interiors specialist Homeform has admitted that its customers, employees and suppliers are all likely to be left severely out of pocket following its demise.

According to Insider, which has had sight of a report published by Deloitte, Homeform’s receivers, the group has a total deficiency to creditors in the region of £84.8m.

In the report Deloitte admit that trade creditors will lose out to the tune of £13.5m, HMRC will be left £5.4m in the red and staff are likely to miss out on £2m in unpaid wages and holiday pay.

Administrators Deloitte were called in to the Homeform group in July, bringing to an abrupt end such household names as Moben Kitchens, Dolphin Bathrooms and Kitchens Direct.

Private equity firm Sun European partners, one of the biggest losers from Homeform’s demise, has agreed to take on Sharps bedrooms as a going concern with “advanced negotiations” taking place for the sale of Homeform’s remaining divisions.

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