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Creditors 'owed thousands' following Jonathan Saunders administration

Creditors are believed to be owed thousands of pounds by Jonathan Saunders Limited, which entered administration last month.

The designer’s business appointed Peter Hart of Geoffrey Martin & Co and James Earp of James Earp & Associates as joint administrators on January 22 and proposed a special resolution to change the company name to LSJ Realisations.

On January 23, the company announced it had received investment of an undisclosed amount from Eiesha Bharti Pasricha, a businesswoman and the daughter of Indian tycoon Sunil Bharti Mittal.

One creditor, who did not want to be named, told Drapers: “We are owed around £20,000 and [yet] the company is continuing with a backer and showing at London Fashion Week. We’ve not heard yet, but I think it is unlikely we will get much of it back.” She claimed a number of other creditors are in a similar position.

Saunders will stage his LFW autumn 15 womenswear catwalk on Sunday at Tate Britain.

A spokeswoman for Jonathan Saunders declined to comment and the administrators did not respond to Drapers’ request for comment.

@Tara_Hounslea

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