Administrator seeks suitors for Confetti

The retail and online weddings firm Confetti has become the latest wedding business to collapse into administration, potentially hitting the plans of up to 1,100 couples for their big day.

The administration came just four days after an online retailer, The Hut Group, bought Confetti and the gifting business iwantoneofthose (IWOOT), for £600,000 from the ailing home shopping group Findel.

The collapse of Confetti follows the administration of the wedding retailer Wrapit in August 2008 with debts of more than £7m.

The Hut Group, which purchased the two businesses via its acquisition of Findel's CWIO subsidiary, appointed RSM Tenon as administrator on 13 August. The internet retailer did not return calls but it is thought it will continue operating IWOOT.

Founded in 1999, Manchester-based Confetti delivered turnover of about £5.7m. RSM Tenon plans to sell Confetti as a going concern and set a date for closing offers of Monday evening. But it has already made 47 of Confetti's staff redundant after closing its five stores in Glasgow, Leeds, Birmingham, Reading and London.

RSM will retain 36 employees to support the online business. Confetti sells a range of supplies for weddings, ranging from venue hire to dresses, but it is thought that most of the outstanding orders are of a relatively low transactional value, such as invitations and table settings.

Kenny Craig, the joint administrator and director with RSM Tenon, said: "The administrators advise that there are some 1,100 orders outstanding with an average value of £45. They are currently looking into the position regarding these orders with a view to fulfil them from stock if possible."

The Hut Group sells consumer products, such as DVDs and computer games, on its own websites, but it also provides the technology platform for retailers, including Tesco, Asda, Argos and WHSmith.

The Government this month banned Wrapit's two former directors, Peter Gelardi and Pepita Diamand, for a combined 15 years after it found the company made "false credit card refunds" totalling £243,445 just before it collapsed in 2008.

PROMOTED VIDEO
News
people

Actress isn't a fan of Ed Miliband

Arts and Entertainment
Rooney Mara plays a white Tiger Lily in forthcoming film Pan
filmFirst look at Rooney Mara in Pan
Life and Style
health

Do you qualify – and how do you get it?

News
Food blogger and Guardian writer Jack Monroe with her young son
people
News
i100
News
Privately schooled, Oxford educated and a former editor of arguably the world's poshest magazine 'The Lady', it's perhaps unsurprising that Rachel Johnson rarely mixes with ordinary Proles.
people

The Mayor of London's sister, Rachel Johnson, apologises for shocking tweet about the PM

News
ebooksNow available in paperback
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Citifocus Ltd: Newly Qualified Accountants - Risk Mgmt

£Attractive Package: Citifocus Ltd: Prestigious financial institution seeks to...

Citifocus Ltd: Operational Risk Analyst

£Negotiable: Citifocus Ltd: Experienced operational risk professional with ban...

h2 Recruit Ltd: Business Development - Telecommunications - £50,000 OTE

£25000 per annum + £50,000 OTE: h2 Recruit Ltd: London, Reading , Southend, Al...

Recruitment Genius: Call Centre Agent - £22,000 OTE

£18000 - £22000 per annum: Recruitment Genius: As a Call Centre Agent you will...

Day In a Page

Homeless Veterans Christmas Appeal: Drifting and forgotten - turning lives around for ex-soldiers

Homeless Veterans Christmas Appeal: Turning lives around for ex-soldiers

Our partner charities help veterans on the brink – and get them back on their feet
Putin’s far-right ambition: Think-tank reveals how Russian President is wooing – and funding – populist parties across Europe to gain influence in the EU

Putin’s far-right ambition

Think-tank reveals how Russian President is wooing – and funding – populist parties across Europe to gain influence in the EU
Tove Jansson's Moominland: What was the inspiration for Finland's most famous family?

Escape to Moominland

What was the inspiration for Finland's most famous family?
Nightclubbing with Richard Young: The story behind his latest book of celebrity photographs

24-Hour party person

Photographer Richard Young has been snapping celebrities at play for 40 years. As his latest book is released, he reveals that it wasn’t all fun and games
Michelle Obama's school dinners: America’s children have a message for the First Lady

A taste for rebellion

US children have started an online protest against Michelle Obama’s drive for healthy school meals by posting photos of their lunches
Colouring books for adults: How the French are going crazy for Crayolas

Colouring books for adults

How the French are going crazy for Crayolas
Jack Thorne's play 'Hope': What would you do as a local politician faced with an impossible choice of cuts?

What would you do as a local politician faced with an impossible choice of cuts?

Playwright Jack Thorne's latest work 'Hope' poses the question to audiences
Ed Harcourt on Romeo Beckham and life as a court composer at Burberry

Call me Ed Mozart

Paloma Faith, Lana del Ray... Romeo Beckham. Ed Harcourt has proved that he can write for them all. But it took a personal crisis to turn him from indie star to writer-for-hire
10 best stocking fillers for foodies

Festive treats: 10 best stocking fillers for foodies

From boozy milk to wasabi, give the food-lover in your life some extra-special, unusual treats to wake up to on Christmas morning
Phil Hughes head injury: He had one weakness – it has come back to haunt him

Phil Hughes had one weakness – it has come back to haunt him

Prolific opener had world at his feet until Harmison and Flintoff bounced him
'I have an age of attraction that starts as low as four': How do you deal with a paedophile who has never committed a crime?

'I am a paedophile'

Is our approach to sex offenders helping to create more victims?
How bad do you have to be to lose a Home Office contract?

How bad do you have to be to lose a Home Office contract?

Serco given Yarl’s Wood immigration contract despite ‘vast failings’
Green Party on the march in Bristol: From a lost deposit to victory

From a lost deposit to victory

Green Party on the march in Bristol
Putting the grot right into Santa's grotto

Winter blunderlands

Putting the grot into grotto
'It just came to us, why not do it naked?' London's first nude free runner captured in breathtaking images across capital

'It just came to us, why not do it naked?'

London's first nude free runner captured in breathtaking images across capital