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Fears for wedding gift list firm

25.07.2008 02:35 Business - Source: BBC Business

Wedding present firm Wrapit says it is experiencing financial difficulties and is in talks with banks and advisers to avoid going into administration.

A Wrapit spokeswoman told the BBC that it hoped to sell the business as a going concern.

Meanwhile, brides and grooms are worried they will not receive the gifts that have been bought for them and their guests will lose their money.

The spokeswoman said Wrapit appreciated that customers may be concerned.

"We're not going into administration, we're doing everything we can to avoid that," she said.

She advised customers to check the website for updates and expected the company to make an official statement on Friday.

'Tremendously concerned'

Guests at the wedding of Alex Black and his wife had ordered ?2,000 worth of gifts from Wrapit.

However, since the wedding on 5 April Mr Black says he has only received around ?400 worth of presents.

"We closed our list on the 19 April and we were promised that within eight to 12 weeks our entire gift list would actually be fulfilled," he told the BBC.

"We're tremendously concerned because the insurance possibly won't cover this."

The company handles around 2,500 to 3,500 wedding lists a year.

It helps couples to compile their lists and allows their guests to buy the items online through their website.

Wrapit then purchases the items and delivers them to the happy couple.

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