Wardrobe firm collapses into liquidation owing £1.23m

Draks Interior Door Systems Limited is the Oxfordshire firm behind thousands of fitted wardrobes in new-build homes across the UK which has gone into liquidation.

The company, based at Heyford Park near Bicester, was ordered to be wound up by the High Court in London on June 24 after a petition brought by HM Revenue and Customs as a creditor.

A liquidator from Northampton was appointed by the Secretary of State on June 30 to take control of the business, halt trading, sell off assets and distribute the proceeds to creditors before the company is dissolved.

Unaudited accounts for the year to September 30, 2024, show a sharp deterioration in the company’s finances, with total creditors – including short and long-term liabilities, tax and a directors’ loan – of about £1,232,937 and net assets of just £24,770, down from £371,582 a year earlier.

Those figures left the long‑established wardrobe specialist heavily exposed when HMRC launched its court action in May over unpaid tax, culminating in last month’s winding‑up order.

For more than 25 years Draks has promoted itself as one of the country’s leading designers and manufacturers of design-led, premium quality wardrobes and room dividers for major housebuilders and developers.

Its website still advertises custom-made sliding doors and wardrobe interiors and the firm remains listed as open on Google, with no public indication of the insolvency.