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Not strictly IW, but Create and Craft's administrators report was published today. As expected, it's a disaster. Highlights for those who might be interested in such things.
Preferential creditors (employees mainly) will be getting about 25p in the £. The secured creditor, essentially Paul Wright and Val Kaye & is getting £86,000 and takes a loss of £22million.
Out of the unsecured creditors, the usual big losers are logistics and broacast support (eg Arquiva). Regarding craft companies/suppliers, which is what I think most people would be interested in, there's some big losers.

The biggest one I could see was StudioLight, which loses £176k. Me-Too crafts (John Lockwood) loses a massive £149k and Stephanie Weighman will be pissed off at losing £129k at Highlight Crafts. The other big losses are:

Clarity: (ex-director Barbara Gray) £94k
Tonic Studios: £86k (no more holidays for Jodie)
La Blanche: £88k
Craft Buddy: £70k
Stamperia: £54k
Claina Palmer: £30k
Pinflair: £29k
Craft Yourself Silly: £14k
Dawn Bibby: £11k
Sarah Payne + company, and Stamps By Me: £7k

None of these companies can afford to lose that sort of money - and there's plenty of other smaller suppliers who lose less money, but still money which they can ill afford. Tonic is probably in the worst position there, given that they've lost a huge amount of stock in a warehouse flooding during the recent storms.

Terrible outcome.
 
Foghorn Sal on with Do Buy Dubai Air Fresheners. Freshener spelt Freshner!
All 4 stenches (sorry- Fragrances) for £14.99. Is the end nigh for these as they’re stating limited stock? Highly unlikely.
Just found an interesting article about Jally Sacks. She was asked how she managed to combine being an internet superstar, major TV personality and expert on everything. Jally explained that everything she does is for the benefit of the human race. She went on to say that although she was a superstar it hasn’t changed her one bit and that she is a very humble person that lives a very simple life. To illustrate this she released a couple of pictures.
Weekly shopping trip to Tesco and having a few friends over for a very informal dinner.
 

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Not strictly IW, but Create and Craft's administrators report was published today. As expected, it's a disaster. Highlights for those who might be interested in such things.
Preferential creditors (employees mainly) will be getting about 25p in the £. The secured creditor, essentially Paul Wright and Val Kaye & is getting £86,000 and takes a loss of £22million.
Out of the unsecured creditors, the usual big losers are logistics and broacast support (eg Arquiva). Regarding craft companies/suppliers, which is what I think most people would be interested in, there's some big losers.

The biggest one I could see was StudioLight, which loses £176k. Me-Too crafts (John Lockwood) loses a massive £149k and Stephanie Weighman will be pissed off at losing £129k at Highlight Crafts. The other big losses are:

Clarity: (ex-director Barbara Gray) £94k
Tonic Studios: £86k (no more holidays for Jodie)
La Blanche: £88k
Craft Buddy: £70k
Stamperia: £54k
Claina Palmer: £30k
Pinflair: £29k
Craft Yourself Silly: £14k
Dawn Bibby: £11k
Sarah Payne + company, and Stamps By Me: £7k

None of these companies can afford to lose that sort of money - and there's plenty of other smaller suppliers who lose less money, but still money which they can ill afford. Tonic is probably in the worst position there, given that they've lost a huge amount of stock in a warehouse flooding during the recent storms.

Terrible outcome.
Some of those companies it’s the 2nd if not 3rd time
 

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