New documents suggest Joules was almost £114 million in the red when it called in administrators back in November.
They show the retailer – which has since been bought out by a partnership made up of founder Tom Joule and high street giant Next – owed tens of millions of pounds when it went into administration on November 16, including £37.7 million to its trade creditors.
Those trade creditors, the report says, include a software company owed £345,000, a branch of business advisors Deloitte in Hong Kong owed £300,000, and various property companies and landlords which are owed hundreds of thousands of pounds between them.
