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Customer deposits represented a third of the debts of a now-closed Northern Ireland based bedroom and kitchen furniture manufacturer and retailer that traded across the U.K. and Ireland.
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- LEGAL & RESTRUCTURING
Turnaround firm Antony Batty & Company lined up as a potential restructuring advisor at small cabinet producer.
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- LEGAL & RESTRUCTURING
Studio Moderna Brands International, a U.K. company controlled by the mainland European group that also owns mattress and bedding brands such as Dormeo and Octaspring, has been placed into administration.
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- LEGAL & RESTRUCTURING
A Derbyshire kitchens business has folded without warning after taking almost £350,000 of deposits, leaving orders unfulfilled and consumers facing a challenge to recoup funds.
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- LEGAL & RESTRUCTURING
The large U.K. affiliate of a South Asian distributor of bedding, quilts and other household textiles has been placed into administration after it succumbed to cashflow problems amid creditor pressure.
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- LEGAL & RESTRUCTURING
A South East courier company offering next-day parcel delivery including bulky items such as furniture flatpacks has filed a notice of intent (NOI) to appoint administrators.
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- LEGAL & RESTRUCTURING
A privately-owned bedroom furniture manufacturer is to restructure its debts after it agreed a company voluntary arrangement (CVA) with its largest creditor.
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- LEGAL & RESTRUCTURING
Made.com ran up more than £1 million in professional fees payable to lawyers and restructuring advisors in the weeks leading up to it being placed into administration.
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- LEGAL & RESTRUCTURING
More than a dozen suppliers face sizeable five-figure shortfalls from the closure of one of the country's largest suppliers of furniture packages to property investors, landlords, developers and home owners.
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- LEGAL & RESTRUCTURING
Business that formerly ran wall art and picture frames ecommerce enterprise lines up Quantuma officials as potential restructuring advisors.
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- LEGAL & RESTRUCTURING
A Hertfordshire auction house that cleared stock for major furniture retailers among a varied customer base was formally placed into administration on Monday after it had earlier ceased trading.
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- LEGAL & RESTRUCTURING
Creditors of a Leicester based interior design and fit-out company owed £1.3 million are left sweating on book debt collections after the company folded.
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- LEGAL & RESTRUCTURING
The owners of a London based interior design group providing retail and design services to private clients across the world have reorganised through a newly-incorporated company.
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- LEGAL & RESTRUCTURING
A South East freight forwarding and third-party logistics (3PL) provider has gained a 10-day stay from creditor action after it filed a notice of intent (NOI) to appoint administrators.
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- LEGAL & RESTRUCTURING
Takeover followed winding up petition issued by a timber supplier to the mattress and beds vertical.
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- LEGAL & RESTRUCTURING
A circa £10 million office furniture manufacturer based in the West Midlands has formally entered administration and its remaining employees made redundant.
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- LEGAL & RESTRUCTURING
Restructuring advisors are looking to sell assets including IP and stock of a £2 million turnover Bradford-based online furniture retailer that has ceased trading.
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- LEGAL & RESTRUCTURING
The future of garden, outdoor leisure, lighting and home ecommerce brand True Shopping (trueshopping.co.uk) is uncertain after restructuring advisors were drafted in to run its operating company.
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- LEGAL & RESTRUCTURING
The near term future of a decades-old furniture retailer that once traded from six South East stores is secure after a rescue buyout immediately after its predecessor company was placed into administration.
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- LEGAL & RESTRUCTURING
The number of U.K. furniture, flooring and furnishings companies being placed into insolvency processes increased by all comparative measures during the three months to end June.
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- LEGAL & RESTRUCTURING
Ayiaz Ahmed, a serial company owner that has run some of the most storied brands in U.K. furniture retail and production, has been disqualified as a director by The Insolvency Service.
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- LEGAL & RESTRUCTURING
The U.S. rescuer of the Smallbone of Devizes and Mark Wilkinson Furniture luxury kitchen companies has added another Wiltshire business after completing an insolvent takeover earlier this month.
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- LEGAL & RESTRUCTURING
Parisot, a French furniture kit maker employing over 500 people whose products are sold into the U.K. retail market, has been placed into an insolvency process called redressement judiciaire.
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- LEGAL & RESTRUCTURING
Markus Jooste, the former chief executive of Steinhoff International Holdings, is yet to speak with PwC, which has been investigating alleged accounting irregularities that were first noted on the day he resigned back in late 2017.
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- LEGAL & RESTRUCTURING
PwC has delivered its report into accounting irregularities to Steinhoff.
A small group of unspecified former Steinhoff International Holdings executives conspired to inflate profits or asset values over a nine-year period between 2009–2017, according to a report by PwC.
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- LEGAL & RESTRUCTURING
Contract and hotel furniture maker YTM Group has ceased trading after being placed into administration. All 117 employees have been made redundant.
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- LEGAL & RESTRUCTURING
First Furnishings, a Scotland based supplier of furniture, flooring and furnishings packages to housing associations and letting agents, has ceased trading with the loss of nearly 60 jobs.
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