Most of Carpetright’s £345m debts are unlikely to be repaid

Carpetright was forced into administration after HMRC threatened a winding up petition. Photograph: Medicimage Education/Alamy

Carpetright collapsed with debts of almost £345m, more than half of which are owed to customers, suppliers, landlords and other unsecured creditors who are unlikely to be repaid.

Administrators from PricewaterhouseCoopers, who were called in to the retailer this month, said unsecured creditors, including the technology group Microsoft and the carpet suppliers Condor and Betap, were owed £213m and that no more than £600,000 of that was likely to be repaid.