Revenue fell and losses widened ahead of the prepack sale of the business and assets of bedroom cabinet manufacturer Harrison Brothers (Furniture), administrators have disclosed.

Privately-owned kitchen furniture producer Burbidge slipped to a 2017–18 deficit after revenue fell and its cost of sales increased. A pension gain boosted its book value.

sigma3Bedroom
Sigma 3's Moda modern bedroom range.
Kitchen, bedroom and home office furniture maker and retailer Sigma 3 posted sales growth in 2017–18 but profits declined as higher costs impacted margins.

Revenue fell and losses widened at the West Sussex kitchen manufacturer behind the Paula Rosa and Manhattan brands in 2018. Its outlook for this year improved after a surge in new business orders in the final quarter.

The sale of North West furniture maker Harrison Brothers last month provides a fresh start for the bedroom producer and its new management team.

Year-on-year imports of living, dining and bedroom wood furniture grew at their fastest rate since February 2018 at the beginning of the second quarter.

Kitchen maker and retailer Wren is planning to make the biggest single investment in its decade-long history with a proposed additional factory at its Barton-upon-Humber base that could create 1,200 new jobs.

New md at southeast England kitchen maker has rich history with U.K. big-ticket retailing.

kingstownHull
Kingstown Furniture's circa 191,000sqft Hull premises.
Kingstown Furniture's Hull factory has been put up for sale with a £5 million asking price but trade suppliers to the collapsed trading arms of the manufacturing and supply divisions won't see a penny of it.

flatPackFurnitureFW DP
Malaysian furniture imports to Britain are growing.
Living, dining and bedroom furniture producers in Malaysia continued to build momentum in March as their U.K. shipments made the country the only riser among the top six source nations.

Sales jumped double-digit at Yorkshire kitchen maker Symphony after the company said it benefitted from growth in the private developer market.

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.

Yorkshire retailer ceased trading this summer.

The private-equity backed furniture group behind brands including Spaceslide wardrobes and Optiplan Kitchens has re-engineered its cost base after registering a bigger loss last year.

furnitureWarehouseGeneric2 FW
Imports fell from Vietnam, China and Poland
The value of imports of key cabinet categories from all three of the UK's main trading partners — China, Vietnam and Poland — all declined in the first six months of 2018.

shipContsShpfyFree
Shipments from China fell 21 percent year-on-year
Imports of wood living, dining and bedroom cabinet declined in May with across-the-board falls from leading Asia supply routes.

Nobia, the Swedish kitchens conglomerate whose UK interests include the retail chain Magnet, has agreed to buy Dutch manufacturer Bribus Holding for €60 million.

RivelinMGM
Rivelin md Robert Smith (left) with MGM chairman Ben Burbidge at a ceremony at the company’s facility in Rotherham, South Yorkshire on Thursday, June 28.
Rivelin, a high-end outdoor furniture maker, has been awarded the Manufacturing Guild Mark from The Furniture Makers’ Company following an independent audit.

Imports of living, dining and bedroom cabinet fell sharply in April as all six of the UK's top trading partners shipped fewer goods here.

Kitchen cabinet maker Burbidge posted higher sales in 2016–17, citing an increase in demand for British-made goods linked to the EU referendum.

Hull cabinet maker Kingstown Furniture has joined trade association BFM as an 'Approved Member.'

Chinese wood furniture imports climbed in March to leave first quarter bedroom, living and dining from the country fractionally below the same period in 2017.

Sales fell for the first time in five years for fitted furniture maker Strachan in 2016–17 with the direct-to-the-consumer vertical planning showroom expansion this year.

A rise in the value of Vietnam-sourced shipments powered wood bedroom, living and dining furniture in January.

Hettich, one of the biggest suppliers of interior fittings and components to furniture makers worldwide, posted rising sales in 2017 but warned of a sharp rise in its own costs.

East London cabinet maker One-Call Furniture says a major machinery investment has paid dividends with successive double-digit growth. It has further capital outlay planned.

TvilumFactory
Tvilum has been rescued by a consortium of investors
Embattled flatpack furniture maker Tvilum has been rescued in a deal that consolidates the ownership of Denmark's case goods manufacturing sector.

The founding CEO of Jonathan Charles says he is "humbled" at Markor's interest in his business, after the Chinese giant acquired a 60 percent stake in the Vietnam based case goods resource.

Staff at the Danish factories of embattled flatpack furniture maker Tvilum will remain off work for a fortnight, according to the court-appointed lawyer trying to broker a rescue deal.

tvilumFWOslo
Flatpack furniture kit maker Tvilum faces survival battle
Tvilum, one of the largest ready-to-assemble furniture makers in the world, filed for insolvency over the weekend with court-appointed lawyers now trying to find a buyer or engineer a restructure.



TO READ THE FULL STORY: