Customer's dismay at shop's gift voucher refusal after administrators brought in

Alison Hurrell and her staff

The Chapel in High Garrett

First published in News

Doubts have been cast over the future of a gift shop after the company that owns it went into administration.

According to Companies House, Mark Supperstone, Simon Harris and Cameron Gunn, of Resolve Partners LLP, were appointed joint administrators of Salco Group Limited, on February 17.

Salco Group, based in Harlow, is a large importer of gift and home accessories and owns The Chapel gift and home interiors store in High Garrett.

Alison Hurrell, who runs Bocking-based accountancy firm Alison Hurrell Ltd, claims the shop has already stopped honouring vouchers.

She bought eight £30 vouchers for her staff in December as Christmas gifts.

See the Braintree Times for the full story

Comments (3)

Please log in to enable comment sorting

3:32pm Thu 6 Mar 14

keith_l says...

As an accountant, she should know the legislation regarding debtors at the time of receivership. The same happened with Comet and Peacocks to name a couple of recent higher profile cases.

However, in many cases, if temporary trading continues under receivership, a compromise can be found.

Seems a bit odd for her to go to the papers so soon given her profession.
As an accountant, she should know the legislation regarding debtors at the time of receivership. The same happened with Comet and Peacocks to name a couple of recent higher profile cases. However, in many cases, if temporary trading continues under receivership, a compromise can be found. Seems a bit odd for her to go to the papers so soon given her profession. keith_l
  • Score: 7

9:39am Fri 7 Mar 14

Sillery123 says...

My parent got us gift vouchers for Christmas which we cannot use. The company must have known they were in trouble when selling the vouchers as it was only 8 weeks before they went into administration which on their part is deception. We are encouraged to support local business and this is how you're treated! Alison is an accountant not a mind reader and I personally am glad she went to the press as how would people know??
My parent got us gift vouchers for Christmas which we cannot use. The company must have known they were in trouble when selling the vouchers as it was only 8 weeks before they went into administration which on their part is deception. We are encouraged to support local business and this is how you're treated! Alison is an accountant not a mind reader and I personally am glad she went to the press as how would people know?? Sillery123
  • Score: 2

4:13pm Fri 7 Mar 14

keith_l says...

Sillery123 wrote:
My parent got us gift vouchers for Christmas which we cannot use. The company must have known they were in trouble when selling the vouchers as it was only 8 weeks before they went into administration which on their part is deception. We are encouraged to support local business and this is how you're treated! Alison is an accountant not a mind reader and I personally am glad she went to the press as how would people know??
Not necessarily. I tried to find out more, but their website has been taken off line. The "Offical Gazzette" records that Salco Group Ltd were put into receivership as a result of another company persuing them for a debt -which was submitted to court at the end of January.

The senior management may have known that they were struggling to pay debts, but not that this winding up order was coming. They may have thought that they had sufficent cover from their bank and the bank pulled the rug from under them - we just don't know.

However, staff in the local shop would almost certainly not have known that Head Office was in trouble.

Another company, Salco Equity, at the same Harlow address also went in receivership in October last year.

Unfortunately, unless the receivers want to clear stock to generate some income, vouchers are not worth the paper that they are printed on. You can request (via the receivers) that what they owe you is adedd to the debt, but you will be at the back of the queue - behind the receivers themselves, banks, HMRC, employees, other secured creditors, etc.
[quote][p][bold]Sillery123[/bold] wrote: My parent got us gift vouchers for Christmas which we cannot use. The company must have known they were in trouble when selling the vouchers as it was only 8 weeks before they went into administration which on their part is deception. We are encouraged to support local business and this is how you're treated! Alison is an accountant not a mind reader and I personally am glad she went to the press as how would people know??[/p][/quote]Not necessarily. I tried to find out more, but their website has been taken off line. The "Offical Gazzette" records that Salco Group Ltd were put into receivership as a result of another company persuing them for a debt -which was submitted to court at the end of January. The senior management may have known that they were struggling to pay debts, but not that this winding up order was coming. They may have thought that they had sufficent cover from their bank and the bank pulled the rug from under them - we just don't know. However, staff in the local shop would almost certainly not have known that Head Office was in trouble. Another company, Salco Equity, at the same Harlow address also went in receivership in October last year. Unfortunately, unless the receivers want to clear stock to generate some income, vouchers are not worth the paper that they are printed on. You can request (via the receivers) that what they owe you is adedd to the debt, but you will be at the back of the queue - behind the receivers themselves, banks, HMRC, employees, other secured creditors, etc. keith_l
  • Score: 3

Comments are closed on this article.

Send us your news, pictures and videos

Most read stories

Local Info

Enter your postcode, town or place name

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree