Concerns have arisen regarding the accuracy of the financial information provided to creditors of Carpetright, the flooring company that collapsed recently, particularly regarding the retailer's debts.
The company's Statement of Affairs (SoA) indicates that it owes nearly £3.5 million to various retailers for outstanding rent and charges. In stark contrast, the Notice of Administrator's Proposals (NoAP) prepared by PwC lists this debt at just £93,915.40. This was reported by Interiors Monthly.
Photo: Dreamstime.
Significant discrepancies are evident between the two documents for several retailers. For instance, Carpetright claims it owes DFS £1,561,934, while PwC lists only £24,737.50. Other notable differences include Wickes (£896,976 in the SoA versus £13,775 in the NoAP), B&M (£384,626 versus £13,780.20), and Furniture Village (£323,668 versus £0).
A property source from one of the retailers expressed frustration, stating they do not recognise the figures provided by PwC and are seeking clarification. This, and other alleged differences in reported debts have raised questions about the reliability of Carpetright's financial disclosures.
Source: www.interiorsmonthly.co.uk