Carpetright suppliers, customers and landlords have been left £80m out of pocket following the chain’s collapse at the start of the week.
According to documents seen by The Times, the flooring specialist’s trade creditors including Condor and AW Weavers were owed around £24m at the time of its collapse.
Carpetright also owes £30.9m to “other creditors”, including customers, as well as £15.6m to “other accruals”.
The documents showed the retailer had built up £81.7m worth of liabilities on its balance sheet by the end of April, which is understood to have “not changed materially” since then.
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Carpetright collapsed into administration at the start of the week, resulting in the closure of 273 stores and more than 1,500 job losses.
The chain’s biggest rival Tapi snapped up the Carpetright brand, as well as two warehouses and 54 stores out of administration, which included the transfer of 308 employees.
Administrators at PwC has appointed property agents CBRE to sell 239 leasehold sites, including those out-of-town retail parks, warehouses and concessions. Bids were due in at 10am today (26 July).
It is understood that the 1,893 Carpetright employees, which were not included in the deal and have been made redundant, are to be owed their salaries and commissions for both June and July.
PwC said it was working closely with the Redundancy Payments Service to ensure that those affected would receive their statutory entitlements as soon as possible
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