The Statement of Affairs for the Sidcup business, produced by directors Luke and Paul Hastings, has now been circulated to creditors. 

It shows that trade creditors were owed just under £1.33m.

The firm’s 37 employees were owed £495,180 for unsecured, non-preferential claims, and a further £41,264 as preferential creditors for arrears and holiday pay.

HMRC is owed £872,269.

The estimated total deficiency, as at 23 May, was £3,124,590.

The statement lists the estimated total assets available for preferential creditors as “nil”.

Machinery with a book value of just over £2m has an “uncertain” estimated realisable value, as does £518,465 of stocks.

Related party debtors totalled £1.76m, with recovery again described as “uncertain”.

Luke and Paul Hastings are listed among the employees left out-of-pocket, owed £10,811 and £10,093 respectively.

Other employees are owed amounts ranging from £2,245 to more than £38,000.

Reflections was shut down abruptly in February, after being locked out of its premises by bailiffs acting on behalf of the landlord. 

The landlord is among the firm’s biggest creditors and is owed £348,041.

Today (30 May) is the deadline day for creditors to approve the appointment of Andrew Hook and Julie Anne Palmer of Begbies Traynor as joint liquidators, with Reflections set to go into creditors’ voluntary liquidation.