UK carpet company plunges into liquidation - in business since 2013

A British carpet and flooring company has collapsed into liquidation after being in business for 13 years. The firm, which employed 10 staff members, recently went bust and a petition was presented to wind it up.

The Floor Studio, founded in Elgin, Scotland, in 2013, entered liquidation on Tuesday, May 5, after Stuart Robb, of Robb Advisory, was appointed as liquidator on Wednesday, April 29. The company specialised in high-quality carpets, vinyl, flooring and furniture. They were also recognised as a major retailer of Karndean flooring, a luxury tile designed to mimic natural materials, as well as resin flooring.

As reported by the Daily Record, Companies House records from 2024 show the Floor Studio had capital and reserves of £251,790. Meanwhile, this figure was £344,158 the year before, with a business overview advising the company "remained relatively small but operationally active".

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A petition was then presented to Elgin Sheriff Court to "wind up" the company in February before a liquidator was appointed to sell assets to creditors. While HMRC does not comment on individual cases, it did say: "We take a supportive approach to dealing with customers who have tax debts and only file winding-up petitions once we’ve exhausted all other options, in order to protect taxpayers’ money."

The Floor Studio is one of many British firms that have fallen into liquidation in recent times. According to quarterly data from Accountant in Bankruptcy, Scotland's insolvency service, there were 375 corporate insolvencies with 294 for the same time last year - an increase of almost 28%.

In March, figures showed that insolvenices for Scottish registered companies had increased to 131 - an 11% increase compared to 2025. There were also 1999 voluntary liquidations compared with 128 last year - an increase of 55.5%.