A DORSET business which has gone into liquidation is owed more than £200,000 by Wilko, it can be revealed.
S&N Home Products, based in Butts Pond Industrial Estate, Sturminster Newton, is owed £207,505 by the former high street giant, according to Wilko’s statement of affairs.
The home fragrance business founded in 1997 went into voluntary liquidation late last month, meaning the company is being wound up after approval by shareholders.
The company’s statement of affairs shows it is £102,897 into its HSBC overdraft and had unsecured non-preferential claims of £510,157 from trade and expense creditors.
Overall, S&N has an estimated trading loss of £1,438,074, according to the documents posted on Companies House.
It also owes £1.7m to creditors, including £100,257 to HM Revenue and Customs for PAYE, £217,962 to HSBC Invoice Finance and £1,746 to Blandford-based MT Box and Pallet.
In 2008, S&N bought offices in Calcutta, India, to harvest its own potpourri (a dried fragrant plant) before expanding to Shangai, China, after seeing 'potential in the diffuser market'.
Documents recently released by Wilko’s administrators reveal the budget retail chain owes £157,261,588 to its creditors.
Hundreds of businesses are owed money by the company which collapsed last month after 93 years on the high street.
Poole’s Wilko, in The Dolphin, was the last shop in the area to go when the shutters came down on Tuesday, October 3.
Boscombe, Winton, Weymouth and Ferndown now have one more empty retail unit, although Ferndown’s Wilko was one of 200 sites to be picked up by budget rival Poundland.
Administrators at PwC were forced to sell off Wilko’s assets after failing to secure a rescue deal.
Wilko employed 12,500 staff and ran 400 shops before administrators were called in early August after it came under pressure from weak consumer spending and debts to suppliers.
PwC also struck a deal for fellow discount chain B&M to buy 51 other Wilko stores, while The Range agreed a deal to buy Wilko’s brand for around £5 million.
The Echo has approached the liquidators, Fin Associates, and S&N for comment and is awaiting a response
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