People who bought wedding gifts through the collapsed company will not now receive them - but they can claim back from their credit card provider if they spent more than £100.
Many people who bought wedding gifts through the collapsed operator Wrapit will not get a refund, administrators have confirmed.
Accountants KPMG, who were called in to the firm earlier this month when it became clear that it could not pay back its debts, said yesterday that Wrapit's main creditor, HSBC, must take precedence over other people it owes money or goods to. Wrapit, which never made a profit over its six years of trading, collapsed while owing £3.5 million to the bank.
KPMG also said that the only customers who will receive wedding presents they previously ordered would be those who have already had them allocated at the company's warehouse. However, customers left without gifts who paid by credit card have also been reminded that they can claim their money back through their provider, if they spent more than £100.
Just 20 of Wrapit's 73 staff remain with the firm since it entered administration, they will help to finish these orders before themselves becoming redundant.
Speaking to the BBC, Myles Halley at the accountancy firm said: "At this stage we do not consider funds will be available for distribution to unsecured lenders [ie, customers]."
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