Tapi paid £3.7m for Carpetright stores and stock
August 15, 2024
Administrators to the ill-fated Carpetright business have reported that Tapi paid £3.7m for the 58 stores they took over and for the group's stock of flooring.
PwC disclosed £1.77m was paid for the lease premiums on those leasehold stores and £1.79m for stock held in store and at the Carpetright warehouse in Purfleet. The balance was for plant and equipment.
It has also been revealed that Carpetright did not own its own brand at the time of the collapse. This had already been acquired by Carpetright parent company Nestware in 2023 in return for a cash injection into the failing business last year. The brand has now been sold to Tapi but the sum has not been disclosed.
Carpetright's book debts were not part of the transaction. It has been reported that creditors could be owed over £300m following the collapse but this figure has not been confirmed.
Bensons for Beds has
announced that it has successfully acquired 19 locations where Carpetright were trading previously,
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