29 June 2018
Nick Hancock, insolvency partner at in our Manchester office, was appointed Liquidator of Old Boot Limited trading as Old Boot Sofas on Thursday 28 June 2018.
Old Boot Sofas, an online based business selling quality leather seating, commenced trading in March 2013. It quickly built up a strong reputation of providing a quality product with a quick lead time.
In 2016/17 the business lost money, causing an issue with the merchant service provider. The issue could not be resolved and an alternative provider could not be found, leading the business to cease trading on 29 May 2018 leaving numerous customers left without goods that they had paid for. Those that paid by credit card have been able to reclaim their money back from card providers. Those that paid by debit card have been able to reclaim their money back via the claw back scheme. Where furniture has been made to a specific order, customers have been given the option to collect the item.
The business had two showrooms; one in central London and one in Leicester, as well as a distribution hub in Leicester, with the manufacturing and storage of goods taking place in Bolton.
Old Boot was born from a passion for furniture and a commitment to deliver excellence at a sensible price. After enjoying an extremely successful first three years of trading, the firm unfortunately incurred issues with their merchant service provider that has severely restricted their options, giving them no choice but close the company with immediate effect.
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