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.