Mattress manufacturer Visco Therapy owed creditors over £1m ahead of entering administration.
Lee Morris and John Thompson, of Marshall Peters, were appointed as joint administrators of One Holding Limited, trading as Visco Therapy, on 16 March 2026.
Detailed in newly filed documents on Companies House, the Bristol-based business, which mainly produced mattresses in memory foam and latex, owed preferential creditor employee claims £17,900, while the HMRC is owed £111,000.
Unsecured creditor claims totalled £1.3m, which included £250,000 owed to a connected company, over £200,000 owed to directors and a further £43,000 owed to staff.
The company also owed £765,000 to the trade, which included £204,000 owed to Vita Group, £203,000 owed to SMK Textiles and £62,000 owed to Carpenter. It is expected that creditors will suffer a shortfall of £1.6m.
