Carpetright owner takes £11m hit from The Floor Room administration
At the time of administration The Floor Room had an intercompany loan balance of £10.8m
Figures from Companies House show that Carpetright owner Nestware has taken a £10.8m hit as a result of the closure of The Floor Room.
Nestware put the company into administration at the start of August, resulting in 201 job losses.
The Floor Room was the sole provider of flooring and related products in all John Lewis department stores since May 2023 and operated one standalone London store.
At the time of administration The Floor Room had an intercompany loan balance of £10.8m.
Alongside this, Nestware also had to write off £175.4m related to Carpetright, which it put into administration in late July.
The sum, which included a £120m revolving credit facility and £54.7m in loans, has been deemed “irrecoverable”.
Carpetright owed at least 11 retail businesses nearly £3.5m in outstanding rent charges and some 21,000 customers £8m in outstanding orders.
