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Wedding gift firm Wrapit ceases trading

By admin on August 5th, 2008 0 comments yet. Be the First

wrapit.JPGBad news for couples registered with Wrapit. Following reports from just a fortnight ago that the gift registry were experiencing financial difficulties, the firm is now in the hands of administrators with all stores closed. KPMG are the appointed administrators and are currently looking for a buyer for the business after Wrapit was left owing £3.5million to its main creditor HSBC. Two thousand couples could face losing their gifts and their guests losing their money. Suppliers have also been left without payments, including Riedel Crystal who are reported to be taking legal action.

Have you been affected? Read on to find out what you can do.

Customers who are owed money should call 0844 770 1301.

If your guests have made purchases via credit card or Visa debit card, they should be able to get their money back through their card company. However, any purchases made by cash, cheque or Swtich/ Maestro are not recoverable.

If stock is in their warehouse then Wrapit’s website states, “The Administrators are currently assessing which stock has been allocated to customers and will be doing everything they can to deliver allocated goods in the warehouse that have been paid for in full and specifically allocated to the customer over the next two weeks. You will be contacted if such goods specific to you are held.

If the Company does not hold goods specifically allocated to you, then it is not in a position to fulfil in total the wedding list.”

Wrapit vouchers and honeymoon vouchers are no longer valid.

Couples and guests can register themselves as unsecured creditors at the following address though Wrapit’s website states “we do not anticipate funds being available for unsecured creditors”:

The Administrator
Wrapit PLC
8 Salisbury Square

Read more at BBC News/ Moneywise / Facebook group: Wrapit’s wedding list service – worst customer service ever?

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