Friday, 08 June 2018 14:00

No Happy Ending for Insolvent Dark Bunny Tees

There have been plenty of stories in recent times of large corporations going bust, leaving a trail of out-of-pocket suppliers and creditors in their wake.

But it would be wrong to assume this is the kind of thing that only happens in the world of big business. Even down at the ‘grassroots’ level of microbusinesses and one-man-bands operating in niche cottage industries, where the principles of trust and your word being your bond are still believed to hold sway, things can go wrong.

We have recently been contacted by a number of creditors in relation to a company called Dark Bunny Tees Ltd, a small T-shirt and merchandise printer and vendor based in Norfolk.

The company had a large and positive presence on social media, with licensing agreements to make and sell merchandise on behalf of a number of filmmakers and podcasts. Having recently moved to new premises and boasted about their swift expansion the company looked to all intents and purposes like a well-run and successful micro-business.

Disappeared

Then in April this year, the company not so much as ceased trading as straight up disappeared down the rabbit hole after an extended sale. Its website and social media accounts were shut down overnight with no explanation and rumours started to swirl on social media about customers not receiving items they had ordered.

In May, a notice in The London Gazette confirmed that the company had voluntarily entered liquidation. Further searches showed that Dark Bunny Tees had been sued, presumably by a creditor, in March 2018 for £6,000, further information we have seen suggests the company may owe a whopping quarter of a million pounds to its various creditors.

Unfortunately for most creditors the writing on the wall suggests that most of them won’t be getting much back.

Content continues below

PCG suggest anonymous 'name and shame' hotline for late payment

The Professional Contractors Group have called for an anonymous hotline to be created, allowing small business owners to 'name and shame' large companies that pay late or otherwise try to use their…

UK Government Consults on Insolvency Protections for Suppliers

Contractors and SME suppliers in the UK could finally be in line for legal protection from losses in the event of a client collapsing.In the wake of several high-profile insolvency cases such as that…

Director Ban for family of Tax Dodgers

A married couple and their son have been banned as company directors after failing to pay more than £186,000 in tax. Heather & Lance Shepherd and their son James Shepherd, who ran a company called…

Simple Credit Control Could Save Struggling UK Businesses

Simple credit control measures could help one in ten businesses nationwide to stay operational in the face of delayed payments. According to figures from Yorkshire Bank and its north-of-the-border…

One of these creditors is Richard Littler, the freelance genius behind the popular satirical blog Scarfolk, a spoof website of a town council stuck in the darkest version of the 1970s. Richard had never sought to monetise the blog through advertising, subscriptions or donations, but did decide to go down the route of selling some merchandise.

He entered into a licensing agreement with Dark Bunny Tees who, according to all reports, did a very brisk trade in Scarfolk T-shirts, sweatshirts and mugs. Richard however never received any payment at all for any of the merchandise sold by DBT, and he now faces an uphill battle to recoup what little he can from the failed business. He has set up a Go Fund Me page to try and cover his losses that at the time of writing has raised just over eight thousand pounds. If you are a Scarfolk fan you can donate to the gofundme by clicking on the Scarfolk eye below:

Scarfolk

As in all such cases, our advice is always to be alert for signs that all is not well with a client or partner - delays in making payments, repeated excuses, avoiding communication - these are all red flags that something is seriously wrong and if you are owed money, the earlier you escalate your claim for payment, the more likely you are to recover what you are owed. Above all else always be mindful that no matter how small, niche or friendly your industry is, your business partners and suppliers financial woes can very quickly become your financial problem.

For more information please reread or visit Richard's Go Fund Me here.

Over 150 Years Of Industry Experience

Our modest but highly skilled team has a combined total of over 150 years of experience in commercial credit management and B2B debt collection. From independent IT contractors to major film and TV publishers, Safe Collections has the knowledge and experience you need to get paid quickly and cost effectively.

Scarfolk image used with the kind permission of Richard Littler

8:00 - 20:00

8:00 - 20:00

Our Opening Hours Mon. - Fri.

+44 (0) 1772 454505

+44 (0) 1772 454505

Got questions? Call us today. No hard sell, guaranteeed. 

© 2017 Safe Collections is a trading name of Safe Collections Limited. Company Number: 01815264. VAT Number: GB407358159. All Rights Reserved.