Independent bathroom retailer BetterBathrooms, have today collapsed into administration as a direct result of a cashflow crisis according to sources.
The bath, tiles and decorating chain today closed 13 showrooms and two trade counters across the UK, affecting over 350 members of staff who were today made redundant, as well as an unknown number of customers who’s deposits remain with the failing company.
FRP Advisory was appointed as joint administrators today. Joint administrator Phil Pierce said the company “suffered from severe cashflow difficulties and an extended period of soft trading”.
Mr Pierce said they would be working with affected staff to support their claims through the Redundancy Payments service.
Important details for BetterBathrooms customers:
Whilst BiKBBI have no association with BetterBathrooms UK Limited, it provides some useful information to those customers caught up in the situation in an effort to support those affected.
BetterBathrooms UK Limited is a Company Registered in England & Wales, registration number 04986428, whos registered address is at: Horizons Park, Greenfold Way, Leigh, Lancashire WN7 3XH – See: https://beta.companieshouse.gov.uk/company/04986428
FRP Advisory LLP have been appointed as Administrators – Phil Pierce is Joint Administrator – See: https://www.frpadvisory.com/our-people/phil-pierce/
Government Advice to creditors (those owed money by BetterBathrooms UK Limited) can be found at: https://www.gov.uk/register-creditor-bankruptcy
It is understood that creditors will be sent a formal letter over coming weeks, providing information about the legal process. This letter will include a case code and details of a portal for more information: https://creditors.frpadvisory.com
Did you pay for goods with a credit card or loan? Our strategic partners at Consumer Champion Which? have some important information about Section 75 of The Consumer Credit Act: https://www.which.co.uk/consumer-rights/regulation/section-75-of-the-consumer-credit-act
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