Designer Plus Direct, which trades as occasionwear brand Charas, is facing liquidation following serious cash-flow problems.
It has instructed insolvency firm CMB Partners to convene a meeting with creditors on July 31 to place the company into liquidation. It is unclear how many jobs could be lost.
Charas, which is stocked by indies such as The Changing Room in Carlisle and etailer Designer Desirables, was established in 2002 by Sarah Banks, who is now head designer and manager. The director is June Anderson.
Banks said: “The reason Designer Plus Direct had to be liquidated is because it had a large number of long-term staff and we simply did not have the cash flow to afford to pay their redundancy.
“I am still planning in the long term to supply a small number of stockists, who are aware that I am taking maternity leave. The brand will now be exclusive to a select number of boutiques as I will not have the capacity to supply on a large scale.”
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