Data, Lists & Analysis
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Many companies across the U.K. furnishings sector have made the sustainability of their products and services central to their business model and at the heart of all decision making.
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The Conran Shop's Chelsea store closed last weekend in a move that will save the furniture and lighting retailer a vast sum in annual rent payments.
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As a rule, the prepack sale of the business and assets of an insolvent company to an unrelated third party spells bad news for the prior shareholders.
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Sofa.com was again a big profit generator for its owner Frasers Group last year, yet cash declined and it was nothing to do with dividends. Here's why.
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25 companies were closed or placed into insolvency proceedings last week.
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10 companies left creditors facing £14.9 million shortfall.
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The finances of some of the country's mid-sized upholstered furniture manufacturers fly under the radar but are significant in the context of the wider sofa market.
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New entities incorporated in the latest month.
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New entities incorporated in the latest month.
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New entities incorporated in the latest month.
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New entities incorporated in the latest month.
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New entities incorporated in the latest month.
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New entities incorporated in the latest month.
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- NOTEBOOK
Profits declined for upholstery supplier La-Z-Boy U.K last year in a period when the wholesale business invested heavily in product inventory.
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The main protagonists in the sofa-in-a-box sub-segment of the upholstered furniture market emerged at just the right time as the pandemic diverted the spending power of the social media generation away from travel and leisure and towards home furnishings.
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177 companies were either closed or filed for insolvency between January 21–27, 2023.
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11 companies left creditors facing £2.2 million shortfall.
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The sale of both property assets and equity have provided liquidity at ready-to-assemble furniture manufacturer Addspace in recent years, but the company has still called in restructuring advisors in the past few days.
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When a major U.K. furniture manufacturer announces a consultation in the week when a major trade show is taking place it is unlikely to remain under the radar for long.
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Independent furniture stores group Stokers has already recouped a sizeable chunk of its investment in the Lucas World of Furniture business it acquired nearly eight years ago, thanks to the disposal of legacy properties.
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156 companies were either closed or filed for insolvency between January 14–20, 2023.
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10 companies left creditors facing £6.8 million shortfall.
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Dormeo U.K. was among the big success stories of the early pandemic period, with sales growth accelerating at twice the pace that it had before Covid.
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An improved financial performance saw the value of furniture retailer OKA rise by tens of millions of euros according to accounts filed in Luxembourg by its holding company.
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Complete list of all countries from which timber living, dining and bedroom cabinet furniture was imported into the U.K. in November 2022, including the value of goods and year-on-year comparisons.
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Complete list of all countries from which sofas, sofabeds and armchairs were imported into the U.K. in November 2022, including the value of goods and year-on-year comparisons.
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Complete list of all countries from which foam and sprung mattresses were imported into the U.K. in November 2022, including the value of goods and year-on-year comparisons.
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Complete list of all countries from which carpets were imported into the U.K. in November 2022, including the value of goods and year-on-year comparisons.
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10 companies left creditors facing £3 million shortfall.
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14 companies were either closed or filed for insolvency between January 9–13, 2023.
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Ekornes, the Norwegian upholstered furniture conglomerate best known for its Stressless recliner brand, announced around 900 job cuts earlier this month as it realigned with softer market demand.
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Five years ago, 65 percent of Airsprung group business went through just two major retail customers.
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ScS, Snug and other stakeholders flat batted our enquiries all last week, but the buyout of the latter by the former was finally made public on Tuesday morning.
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Furniture and affiliated trade insolvencies reached record levels last year but there are at least two reasons for the industry — and close followers of it such as credit insurers — to be positive about 2023.
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Nine companies left creditors facing £1.05 million shortfall.
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60 companies were either closed or filed for insolvency between January 1–8, 2023.
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JYSK launched in the U.K. back in the darkest days of recession in 2008 and will complete 15 years of trading here this year.
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British furniture and interiors retailer OKA posted improved numbers and traded through its just-reported financial year without new external funding.
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When retailer Next agreed a £3.4 million for the Made.com brand last year commentators were quick to say the general merchandise giant had secured itself a bargain basement deal.
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New entities incorporated in the latest month.