High street retailers are among creditors owed £3.48m following supplier The Fielding Group’s administration, Drapers understands.
The company, which appointed Cameron Gunn, Mark Supperstone and Simon Harris of Resolve Partners as joint administrators on June 24, owed a total of £4.23m to trade creditors, understood to comprise a mix of retailers and factories. £750,000 was settled as part of debtor recovery.
The Fielding Group lists Marks & Spencer, Next, BHS, Burton, Bolongaro Trevor, JD Williams, Nike, John Lewis and House of Fraser among its clients, but it is not yet known how many have been affected.
The figures were included in a document published this week on Companies House by the administrators.
One retailer told Drapers “thousands” of his garments are held in Fielding’s warehouses. “[They’re] in a bonded section of the warehouse as the duty on some stock hadn’t been paid and they couldn’t separate out our stock.”
However, another supplier said: “One of my clients had stock in a Bangladeshi factory, but they are negotiating with the administrators and doing OK.”
The administrators and Fielding co-owner Michael Wolff declined to comment.