The Belfield Group

BH1 Realisations Limited (formerly Belfield Holdings Limited)

BG1 Realisations Limited (formerly Belfield Group Limited)

WFD1 Realisations Limited (formerly Westbridge Furniture Designs Limited) 

BF1 Realisations Limited (formerly Belfield Furnishings Limited (t/a Belfield Leisure))

TT1 Realisations Limited (formerly Tetrad Limited)

CPN1 Realisations Limited (formerly Clinchplain Limited) - all in Administration

(“the Companies” or together, “the Group”)

Sarah O’Toole and Edward Williams of PwC were appointed as Administrators of the Companies on 11 February 2025. Together, the Companies form the Belfield Group. 

It is the UK’s leading manufacturer of premium upholstered furniture and soft furnishings, supplying both high street and independent retailers. The business has faced a number of challenging trading conditions which resulted in significant liquidity pressure.

Immediately upon appointment, the Administrators completed a sale of the majority of the Companies’ business and assets to entities affiliated with Blandford Capital LLP (“the Purchaser”) who continue to trade the businesses as normal. The sale preserved the roles of 978 employees.

Please liaise with your usual contact at the businesses in relation to any matters concerning ongoing trading. 

The Administrators will now seek to wind down the Group’s affairs which did not form part of the transaction with the Purchaser.

We have been made aware of an error that has resulted in the potential overstatement of amounts owed to creditors within the Joint Administrators' proposals for BF1 Realisations Limited (formerly Belfield Furnishings Limited (t/a Belfield Leisure)) ("Belfield"). As part of our statutory duties, we have requested the directors of all of the Companies submit a Statement of Affairs ("SOA") which will include details of the amounts owed to creditors as at the date of the Joint Administrators' appointments. The SOAs are expected to be received during w/c 3 March 2025. Upon receipt, the SOAs will be made available within the 'Documents available to download' section of this website and will also be filed at Companies House.

We expect the creditor list within the Belfield SOA to be a more accurate reflection of the amounts which are owed to creditors.

Based on current information however, we don’t anticipate there being enough funds available to enable a return to unsecured creditors. The outcome for creditors will be dependent on the overall realisations and level of costs in the administration  and we will update creditors should this position change. Once we have more information on dividend prospects, we will update the FAQs on our website www.pwc.co.uk/belfield and if we think there will be funds available to pay a dividend to unsecured creditors in due course, we will write to you to tell you to make a claim.  You do not need to take any action at this stage.