Page last updated at 19:12 GMT, Thursday, 26 March 2009

Wedgwood had nearly 900 creditors

Wedgwood cup and saucer
Waterford Wedgwood has been bought by a US private equity firm

Pottery firm Waterford Wedgwood owed more than £8.7m to nearly 900 creditors when it collapsed in January, accountancy papers have shown.

The Staffordshire firm owed tableware firm Nachtmann about £680,000 and more than £100,000 each to a kiln firm and printing company, it was revealed.

Administrators told creditors on Monday most would get little or no money back.

A deal that sees US equity firm KPS Capital Partners take over the pottery giant was finalised on Thursday.

A statement on its website read: "KPS Capital Partners LP is pleased to announce the formation of WWRD Holdings Limited which has acquired the assets of Waterford, Wedgwood, and Royal Doulton."

Water bills

Other debts listed in Waterford Wedgwood's accounts showed it owed Jasper Conran stores nearly £106,000 and about £5,000 to Staffordshire County Council.

The information was revealed in a notice of statement of affairs, which were produced under the Insolvency Act.

The firm also owed Severn Trent Water nearly £83,000 and about £1,783 to West Midlands Ambulance Service, which was used for first-aid courses.

On Monday, a meeting between Deloitte and creditors of Waterford Wedgwood was held at Britannia Stadium.

It aimed at giving people owed money a chance to come forward and make claims.

A report compiled for the meeting included details of how the company ended up going into administration and statements from directors.



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SEE ALSO
Meeting of Wedgwood's creditors
23 Mar 09 |  Staffordshire
Investor meeting set for Wedgwood
03 Mar 09 |  Staffordshire
Sale disappoints Wedgwood cousins
02 Mar 09 |  Staffordshire
US company takes over Wedgwood
27 Feb 09 |  Business

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