Bosanquet Ives Ltd, the Epsom firm that carpets superyachts, went into liquidation owing £273,653, with HM Revenue and Customs left £159,685 of it.

An Epsom company that supplies and fits carpets for superyachts has gone into liquidation owing £273,653, and £159,685 of that is owed to HM Revenue and Customs.

Bosanquet Ives Ltd, registered at Harvey Court on Sandy Mead in west Epsom, was placed in creditors’ voluntary liquidation on 5 August 2026. The company was incorporated in August 2013 and had traded for almost 13 years. Its own website describes it as supplying “carpet for superyachts”, with work listed in Barcelona, Antibes, Genoa, Livorno, Monaco, Palma, Paris, London and Florida.

The resolution to wind up was passed on 5 August and published in the London Gazette on 14 August. Adam Solomon Nakar of WSM Marks Bloom LLP in Hampton Wick was appointed liquidator the same day. Companies House records the nature of the business as the manufacture of woven or tufted carpets and rugs.

Where the money went

The directors’ statement of affairs, drawn up as at 31 July 2026 and filed at Companies House on 20 August, lists ten creditors owed a combined £273,653.52.

The tax bill is most of it.

Creditors of Bosanquet Ives Ltd, from the statement of affairs as at 31 July 2026
CreditorOwed
HM Revenue & Customs, corporation tax£154,721.43
Santander Bank plc£33,731.41
Capital on Tap£27,650.34
Pots And Ward Woodcocks Limited£22,871.11
Mercedes-Benz Financial Services£11,052.00
American Express Services Europe Limited£10,830.89
HM Revenue & Customs, VAT£4,964.06
Victoria Carpets£3,421.78
Abingdon Flooring Limited£3,294.00
Mercado£1,116.50
Total£273,653.52

Two things stand out in that list.

The first is HMRC. Corporation tax and VAT together come to £159,685.49, which is 58 per cent of everything owed. The second is that no Epsom or Surrey business appears on it at all. The trade creditors are carpet manufacturers and suppliers in Kidderminster, Bradford, Brighton and Leeds. Local firms are not carrying this one.

Who Bosanquet Ives Ltd owed money to, July 2026 A bar chart of the ten creditors in the statement of affairs. HM Revenue and Customs corporation tax is owed 154,721 pounds, Santander Bank 33,731 pounds, Capital on Tap 27,650 pounds, Pots And Ward Woodcocks 22,871 pounds, Mercedes-Benz Financial Services 11,052 pounds, American Express 10,831 pounds, HM Revenue and Customs VAT 4,964 pounds, Victoria Carpets 3,422 pounds, Abingdon Flooring 3,294 pounds and Mercado 1,117 pounds. The total is 273,654 pounds. The tax bill is 58 per cent of what Bosanquet Ives owed Ten creditors, £273,654 in total, from the statement of affairs as at 31 July 2026. HMRC, corporation tax Santander Bank plc Capital on Tap Pots And Ward Woodcocks Mercedes-Benz Financial American Express HMRC, VAT Victoria Carpets Abingdon Flooring Mercado £154,721 £33,731 £27,650 £22,871 £11,052 £10,831 £4,964 £3,422 £3,294 £1,117 Source: Bosanquet Ives Ltd statement of affairs as at 31 July 2026, filed at Companies House 20 August 2026. The darker bar marks the second of the two HMRC claims. Figures are the directors' own estimates. Graphic by Epsom Today
Corporation tax and VAT together account for £159,685 of the £273,654 owed.

What there is to pay it with

Not much. The statement of affairs puts the total estimated to realise at £54,463, against a deficiency as regards creditors of £218,874.24.

The assets are:

  • goodwill, £39,000, the largest single item, and carried at nil in the books
  • cash in hand, £6,000
  • plant and machinery, £3,680
  • furniture and equipment, £2,010
  • a van valued at £13,000, less £11,052 owed to Mercedes-Benz Financial Services, leaving £1,948
  • stock, £1,825

There is one more entry, and it is the biggest number on the page. A directors’ loan of £121,753 sits in the asset column with its estimated realisable value given as “Uncertain”.

That figure is not new. The company’s last filed accounts, made up to 31 August 2025 and approved by the board on 7 April 2026, carry a related party note that reads: “In Other debtors is an amount of £121,753 which is owed by the directors.”

The warning was in last year’s accounts

Those same accounts show a business running on a very thin margin of solvency four months before it wound up.

  • Net assets at 31 August 2025: £273. The year before, net liabilities of £6,341.
  • Cash at bank: £2,424, down from £16,073 a year earlier.
  • Taxation and social security owed within one year: £213,729, up from £165,390.

So the tax liability was already north of £200,000 on the last balance sheet the company filed, and there was £2,424 in the bank to meet it.

The name is carrying on

On 24 August the two people who were directors in the year before liquidation gave formal notice that they intend to carry on substantially the whole of the business under the name Bosanquet Ives.

That notice is made under rule 22.4 of the Insolvency (England and Wales) Rules 2016, and it was published in the Gazette. Section 216 of the Insolvency Act 1986 normally bars a director of a company in insolvent liquidation from running another business under the same or a similar name. Giving this notice to the creditors is one of the ways the rules allow it. It is lawful, and it is why the notice exists.

The practical effect is that the trading name survives the company. Bosanquet Ives’ website was still live on 5 September, still carrying the Epsom address and a footer reading “© 2026 - Bosanquet Ives ltd”. The company’s registered office was moved off Sandy Mead to the liquidator’s Kingston upon Thames address on 20 August.

What it means for you

  • If the company owes you money, your claim is against the liquidated company, not against anything trading under the same name afterwards. Contact Adam Solomon Nakar at WSM Marks Bloom LLP, Unit 2 Spinnaker Court, 1C Becketts Place, Hampton Wick, Kingston upon Thames KT1 4EQ, or the case contact on 020 8939 8240.
  • If you paid a deposit and the work was not done, you are an unsecured creditor. On these figures unsecured creditors are looking at a shortfall of about £219,000, so a full recovery is unlikely.
  • Check before you assume a familiar trading name means the same legal entity. A rule 22.4 notice is public and free to read on the Gazette website. So is every insolvency notice for a company registered in Epsom.
  • A statement of affairs is the directors’ own estimate, sworn on 31 July, not an audited figure. The liquidator’s job now includes testing it, and the numbers can move.

Other Epsom businesses, and the ones still trading, are listed in our Epsom business directory.

Frequently asked questions

Has Bosanquet Ives gone into liquidation?

Yes. Bosanquet Ives Ltd, company number 08665972, was placed in creditors’ voluntary liquidation on 5 August 2026. Adam Solomon Nakar of WSM Marks Bloom LLP was appointed liquidator on the same day.

How much does Bosanquet Ives Ltd owe?

The directors’ statement of affairs as at 31 July 2026 lists ten creditors owed £273,653.52 in total. HM Revenue and Customs accounts for £159,685.49 of that, across corporation tax and VAT. The estimated deficiency as regards creditors is £218,874.24.

Is the Bosanquet Ives name still being used?

Yes. On 24 August 2026 the directors gave notice under rule 22.4 of the Insolvency (England and Wales) Rules 2016 that they intend to carry on substantially the whole of the business under the name Bosanquet Ives. That is a lawful route provided the notice is given to creditors.

What did Bosanquet Ives do?

The company supplied and fitted carpets, principally for superyachts. Its own website lists work in Barcelona, Antibes, Genoa, Livorno, Monaco, Palma, Paris, London and Florida. Companies House records the nature of the business as the manufacture of woven or tufted carpets and rugs.

How do I make a claim as a creditor?

Write to the liquidator, Adam Solomon Nakar of WSM Marks Bloom LLP, Unit 2 Spinnaker Court, 1C Becketts Place, Hampton Wick, Kingston upon Thames KT1 4EQ, or call 020 8939 8240.

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