BusinessBusiness RecoveryKPMG called in as Wrapit wraps up

KPMG called in as Wrapit wraps up

Online wedding list company turns to KPMG after serious financial difficulties force the business to cease trading

Partners from KPMG have been called in to find a buyer for a struggling
wedding list business which may not be able to honour orders placed by its
customers.

After Jane Moriarty and Myles Halley were appointed administrators of
Wrapit, KPMG
also set up a hotline for customers who believe they may still be owed money.

The online wedding list service has been struggling for some time and
recently encountered severe financial difficulties.

Moriarty said: ‘Despite the directors’ best efforts to secure a rescue deal,
they were left with no alternative but to cease trading the business with
immediate effect and to put it into administration. We are seeking a buyer for
the business and its assets, albeit for a limited period.’

Customers who believe they may be owed money should call 0844 770 1301.

Related Articles

EY hired by Carillion to review finances

Accounting Firms EY hired by Carillion to review finances

2m Alia Shoaib, Reporter
Using insolvency as a debt recovery tool

Business Recovery Using insolvency as a debt recovery tool

3m Emma Smith, Managing Editor
UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

Business Recovery UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

5m Alia Shoaib, Reporter
Manor Racing Formula One team company enters administration

Business Recovery Manor Racing Formula One team company enters administration

9m Stephanie Wix, Writer
Oil and gas sector insolvencies hit “new high”

Accounting Firms Oil and gas sector insolvencies hit “new high”

9m Stephanie Wix, Writer
Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

Business Recovery Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

6m Emma Smith, Managing Editor
FRP Advisory expands operation with new office, partner appointments

Accounting Firms FRP Advisory expands operation with new office, partner appointments

7m Emma Smith, Managing Editor
Business confidence drops to second lowest level since 2011

Business Recovery Business confidence drops to second lowest level since 2011

8m Stephanie Wix, Writer