Kindred Spirits Retail Limited entered creditors’ voluntary liquidation at the end of June, with Stephen Lancaster, of Lucas Ross Limited, appointed liquidator.
A statement of affairs signed by director Oliver Barker shows estimated liabilities of £327,831.77 and assets expected to realise £31,227.83, leaving an estimated shortfall to creditors of £296,603.94.
The company’s only asset expected to produce any money is a director’s loan account in Mr Barker’s name, valued at £31,227.83. This represents money recorded as being owed to the company.
Leasehold improvements with a book value of £76,377 are estimated to realise nothing.
The retailer’s largest creditor is Kindred Spirits Group Ltd, which is owed…