Retail chain in receivership
35 staff sent home following the closure of Criterion Group's ‘Kitchen House' stores.
Staff have been sent home following the closure of Criterion Group’s ‘Kitchen House’ stores nationwide.
CGKH Ltd, which traded as Kitchen House, said in a statement that the company has been placed in receivership as of yesterday, 22 February 2012.
Shareholders had announced to Kitchen House staff it was impossible for the company to continue it’s trading, affecting both customers and 35 staff members.
Grant Graham, receiver of KordaMentha said in a statement today that the company’s records currently show a substantial amount of debt in the range of $2.4 million.
“Given that staff had been sent home by the directors on Monday it is unlikely there will be any further trading.”
Mr Graham also confirms that several customers who have laid deposits down on kitchen orders will be given full priority in order to resolve the current situation.
“We understand there are a number of parties who have paid deposits on kitchens and we are working through that with the assistance of staff.”
CGHK had required the Kitchen House business in February of 2009.
Robert McCambridge
Thu, 23 Feb 2012
Thu, 23 Feb 2012
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Retail chain in receivership
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