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Creditors of West Yorkshire mattress maker Luxury Beds face a shortfall of nearly £1 million after the company entered insolvency proceedings last month.

 

The privately-owned manufacturer, which left Batley Carr for larger 25,000sqft. premises in Dewsbury in 2016 because it needed more production capacity, was placed into liquidation through Philip Booth of Booth & Co late last month.


Statutory filings indicate it leaves debts north of £880,000, with companies in its supply chain owed most. More than a dozen companies face five-figure shortfalls with two — packaging supplier Northern Paper Board and divan base kit supplier Service Timber — each owed over £100,000.


The circumstances surrounding the insolvency of the company, which had sales estimated at close to £2 million, were not immediately apparent.


The company had been owned almost equally by its two directors, Sajid Hussain and Mohammad Bashir, though Mr Bashir's 49 percent stake was transferred to Mr Hussain shortly before the company was placed into liquidation.


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