Post by Berry McPaper-cuts on Feb 2, 2017 16:34:56 GMT
Just been looking at Companies House - the PDF posted on January 26th includes a list of creditors , lots of staff didn't get paid I think like Dave Bradford and lots of suppliers too. I don't understand the document but it seems to say the company owes £4,094,755 . It's The Craft Channel Ltd that is the name of the company.
The channel is just showing repeats and the website is still running but every category you click on shows 'no products found'. Seems a bit pointless to keep either going if you can't buy stuff. I wonder exactly where it went wrong? Maybe trying to cover too many crafts and therefore have too wide a range in inventory did for them. It must be hard to strike a balance though. Still think it's a shame but that is the way it often goes. I expect Hochanda will be pleased to have less competition but one hopes they have taken the lessons on board too.