The last remaining assets of a collapsed north-east kitchen firm will be sold-off this week in an attempt to raise cash for creditors.
Twenty-nine people lost their jobs after the Aberdeen-based NTP Kitchens – which also ran the Kutchenhaus franchise in Union Square – was placed in receivership last month.
Johnston Carmichael’s Gordon MacLure and Ewen Alexander have been appointed receivers.
Lorries, vans, forklifts, display trailers, ex-display kitchens and other furniture will all be sold off at an auction on Wednesday as they look to realise the firm’s remaining assets.
Despite a major closing down sale to raise cash, Mr MacLure confirmed last night that “a fair number” of customers will lose out.
“We were able to complete some orders. Other people have been told to get in touch with their credit card provider, or bank,” he said.
Between 60 and 70 customer transactions were being assessed. It is understood that the average order on the company’s books is worth £10,000 – meaning orders worth up to £700,000 were at risk.
Mr MacLure could not confirm yesterday how much customers had lost. He added: “Pretty much all employees have now been made redundant.”
NTP, which designed, built and installed kitchens, employed 23 members of staff at its Bridge of Don headquarters. The company also operated the Kutchenhaus franchise in Scotland on behalf of Nobilia, employing six staff members at its Union Square store.
Its sister firm, Crosby Kitchens, has also been placed in liquidation.
Papers lodged with Companies House reveal that the firm lost £445,395 in 2011 – and a further £735,350 last year. Sales dipped by 25% from £4.4million to £3.1million.