Cabinet furniture maker and retailer John Lewis of Hungerford has issued a profits warning after blaming uncertainty for it failing to convert deposits into full orders.

Higher sales and overhead management weren't enough to prevent Yorkshire kitchen, bedroom and bathroom cabinet maker Ellis Furniture slipping to a loss last year.

West Yorkshire furniture manufacturer Strachan — maker of high-end fitted bedrooms, home offices and dressing rooms — matched year-earlier trade in 2017–18 but profits fell on higher costs.

hammondsMBOteam
From left: Richard Newman (regional debt financing at HSBC), Mark Jones (partner of Jasmin Advisory LLP, who advised Hammonds), Mark Hammonds (group director at Hammonds), Richard Hammonds (group CEO at Hammonds) and Graham Mold (head of growth capital at Frontier Development Capital)
Hammonds Furniture chairman Richard Hammonds has become group CEO after leading a long-planned management buyout at the £85 million turnover fitted furniture vertical.

Creditors of kitchen furniture maker Richmond Cabinet Company will take a hefty haircut on outstanding debts unless KPMG can procure a substantial bid for the company or its assets.

Wellemöbel, the one-time €100 million turnover bedroom furniture maker with a rich history of supplying the British retail market, is on the brink of permanent closure if new investment is not found soon.

Retail giant Wren Kitchens, which makes its own products out of vast factories across Lincolnshire and Yorkshire, has become an approved member of BFM, the British Furniture Manufacturers association.

Case goods manufacturer Forte Furniture says it expects to post lower profits for the second straight year, despite modest sales growth in 2018.

The future of longtime kitchen furniture maker Richmond Cabinet Company is uncertain after the company was placed into administration before Christmas. A newco has been granted a licence to complete orders.

Kitchen maker Uform has become the latest beneficiary of the prolific bank-backed investor BGF, which has bought a minority stake in the Northern Ireland based company.

Forte, one of Europe's largest makers of ready-to-assemble furniture, recorded lower revenue in the third quarter despite higher sales in Western and Northern Europe and in its domestic market.



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