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Unsecured creditors of rug distributor Hand Made Carpets Private, which entered liquidation before Christmas, are unlikely to get a return.


They are owed a combined £364k, with suppliers in the Far East — such as Tianjin Tengyue Carpets Co (£92k), Raj Rug House (£58k), Prakash Oriental Exports (£45k) and Shamshi Exports (£27k) — among those owed most.


Richard Segal and Abigail Jones of Fisher Partners were appointed joint liquidators of the Essex based wholesaler in mid-December. Hand Made Carpets — under a prior corporate structure — had sales north of £11m in the mid-2000s.


Secured creditors include ABN Amro Commercial Finance, which holds security over the firm’s debtor book, and HMCP director Raj Baranawal.