Cabinet: Living, dining, bedroom, home office and kitchen furniture
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Liquidation impacts around 20 jobs at East of England kitchen, bedroom, home study maker and retailer.
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- SUPPLY & WHOLESALE
Outdoor furniture supplier Alexander Rose has cut inventory levels by more than a third over the past six months as the business returned to profit after the disruption of the immediate post-Covid period.
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Outdoor furniture supplier Alexander Rose booked a large deficit in the 18 months to end February 2023 as delayed containers led to cancelled orders along with elevated demurrage and storage costs.
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- CASE GOODS
Lancashire fitted furniture components supplier HPP booked lower profits through 2022/23 as higher output was outweighed by rising costs.
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- SUPPLY & WHOLESALE
Optimism among furniture makers about the trading environment has faded according to an updated poll of its members by the trade association British Furniture Manufacturers (BFM).
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- RETAIL & DISTRIBUTION
German kitchen giant Nobilia is closing in on 80 stores for its franchised Kutchenhaus brand with another nine locations slated to open soon, adding to those already opened so far this year.
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Shipments of living and dining wood furniture arriving into the U.K. continued their year-long tumble in September, falling sharply on the same month last year.
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Bedroom cabinet furniture imports into the U.K. declined double-digits in September with Brazil proving the outlier after a climb in the value of container loads of products arriving from South America's largest country.
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- RETAIL & DISTRIBUTION
Upmarket furniture design, wholesale and retail group Neptune has pinned a hefty 2021/22 loss on shipping cost inflation but says it has made a swift return to profit after making cost savings and restructuring its leadership team.
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U.K. furniture manufacturers recorded an eighth straight year-on-year decline in turnover at the factory gate in September according to new official data out Friday morning.
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A French retailer with a U.K. turnover of £75 million has agreed to pay damages and costs to Cambridgeshire cabinet furniture supplier Teemo Designs after an intellectual property (I.P.) dispute.
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- EVENTS
Clarion Events says exhibition space in Hall 1 of the January Furniture Show has now sold out, more than two and a half months before the doors to the event open.
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Castle Donington furniture wholesaler Birlea has revealed its new-look logotype and corporate identity amid an expanded product roster and new senior managerial appointment.
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Bespoke kitchens and furniture supplier Christopher Peters Kitchens & Interiors has been placed into liquidation with consumers owed in excess of £400,000.
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- TRADE & INDUSTRY
Four major Chinese furniture manufacturers saw their share prices fall to a year-long low on Monday as a sell-off among the country's largest companies spread across the Shanghai Stock Exchange.
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Benchmark, the premium cabinet furniture manufacturer co-founded by the late Sir Terence Conran and md Sean Sutcliffe, grew profits through 2022/23 as wider margins offset lower revenue.
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Privately-owned Wiltshire cabinet manufacturer Sylvawood Furniture has been placed into administration.
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Weak demand for cabinet continued at the height of the summer as the value of wood living, dining and bedroom goods maintained the trend of falling in every month so far this year.
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Turnover at the furniture factory gate fell at its sharpest rate in two and a half years in August, according to new official data released Thursday morning.
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British Furniture Manufacturers (BFM) will bring a new approach to connecting buyers and sellers at its inaugural Future Component Expo (FCExpo) next year by hosting an Innovation Trail.
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- RETAIL & DISTRIBUTION
Restructuring advisors have queried an asset sale that led to a new entity under common control taking over the retailer trading as The Children's Furniture Company earlier this year.
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Two experienced managers have acquired Cheshire furniture maker and retailer Bluebell Fitted Furniture in a leveraged buyout that provides an exit path for the business' two founders.
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- RETAIL & DISTRIBUTION
Wren Kitchens has replatformed one of its factories as a dedicated bedroom furniture plant as it rolls out displays of its fitted bedroom offer across its entire 100+ store retail network.
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A two-store furniture retailer has settled with Core Products after it was accused of copying several of the Scottish cabinet supplier's designs.
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- SUPPLY & WHOLESALE
Swedish kitchen giant Nobia has finalised the sale of its freehold manufacturing property in Dewsbury in an all-cash deal worth £13.6 million.
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- RETAIL & DISTRIBUTION
Oak Furnitureland is launching Grow Your Home, a new integrated brand platform and campaign designed to highlight its transition from hardwood furniture specialist to whole-home retailer.
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Narrower gross margin and lower output saw furniture importer and wholesaler Annaghmore Agencies record a loss last year against a backdrop of challenging conditions.
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The Swedish investment company that acquired Julian Bowen in 2021 collected bumper dividends from the wholesaler last year, as it delivered profits that remained class-leading albeit down on a pro-rata basis.
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- RETAIL & DISTRIBUTION
Retail giant Dunelm said its share of the furniture market was flat through 2022/23 with gains in some big-ticket categories partially negated by weaker sales in others.
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Imports volumes across key case goods categories climbed for the first time in well over a year at the height of summer, driven largely by lower prices.
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- DEALS & FINANCE
The insolvent buyout of Midlands kitchen maker Mereway by South Wales based Sigma 3 leaves most creditors nursing an expected shortfall, according to a new report.
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British Furniture Manufacturers (BFM) is moving its longstanding fabric show to a new dateline and venue and will run it alongside the inaugural Furniture Component Expo in 2024.
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U.K. factory gate furniture turnover declined at its sharpest rate in 29 months in July but the Office for National Statistic (ONS) says the previous three months were not as bad as originally reported.
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Bluebone Imports worked down stock levels and rebuilt its balance sheet though 2022/23 ahead of it bringing back a popular brand to the U.K. market this autumn.
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The U.S. ready-to-assemble cabinet maker that owns brands including Eden Bridge Designs says it plans to cease operations at its dedicated U.K. subsidiary company.
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Lancashire fitted furniture manufacturer J&J Ormerod (JJO) agreed a new multi-million credit facility last year as it continued to fund the purchase of a majority stake in the business by its employees in 2021.
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- RETAIL & DISTRIBUTION
More key figures have an equity stake in the Cotswold Company after a series of summer share issues that dilute the interest of the £93 million furniture retailer's longtime private equity backer.
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- RETAIL & DISTRIBUTION
Experienced kitchen industry executive Damian Sheridan has joined Wren Kitchens in a newly-created role aimed at galvanising its launch into the developer and house builder market.
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A high-calibre cabinet vertical owned by the founders of Pinetum, once one of the largest cabinet makers in the UK., has reopened its Wiltshire showroom following a complete rebuild.
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- SUPPLY & WHOLESALE
West Midlands importer and wholesaler Heartlands Furniture built inventory to never-before seen levels last year amid industry-wide stock accumulation.
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- DEALS & FINANCE
The South Wales group that rescued Midlands kitchen manufacturer Mereway last week did so through a new corporate entity.
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- SUPPLY & WHOLESALE
A freight forwarder later named one of the largest unsecured creditors of Kettle Interiors U.K. had become its landlord three months before the furniture wholesaler's insolvent restructure earlier this year.
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- ECOMMERCE
Softer trading impacted the performance of the ecommerce company behind Italian upholstery and cabinet furniture brands SofaItalia and Oak World last year.
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- EVENTS
BeA Group U.K. has become the second headline sponsor of Furniture Component Expo, the new trade show taking place next spring.
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Half-year living, dining and bedroom cabinet imports declined by more than a third after falling in every single month of 2023 so far.
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- RETAIL & DISTRIBUTION
Higher output wasn't enough to deliver improved profits at high-end kitchens and bedrooms company Roundhouse last year after rising costs mitigated sales growth.
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- RETAIL & DISTRIBUTION
Consumer prices rise for household furniture eased to their lowest level in over two years last month, but flooring inflation remains stubbornly high.
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U.K. furniture manufacturers' turnover declined for the fourth month in the past five in June and at its steepest rate since the start of 2021.
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The cabinet furniture manufacturing and wholesale giant behind businesses ranging from Lacquer Craft and Universal through to Legacy Classic has issued a profits warning.
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Higher sales, business model adjustments and restructuring helped Furniture Wholesale Group reverse the effects of the most challenging year in its history.
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One of the U.K.'s most prominent privately-owned kitchen manufacturers has filed a notice of intention to appoint an administrator (NOI) in a move that protects the company from creditor action.
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Lower demand for U.K. made goods from Ireland, particularly mattresses, hit furniture exports ahead of the summer, according to new data. Upholstery exports held up stronger.
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A company voluntary arrangement (CVA) has lightened the debt burden for a South London based interior design company after it accumulated six-figure tax liabilities.
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Imports of wood living, dining and bedroom cabinet furniture declined for a sixth straight month by value in May on weak data from the Far East.
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Profit growth returned for the U.K. dropshipping company behind the Artisan Furniture and PD Global brands in the past year.
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- UPHOLSTERY
Cousins Olivier and Antoine Roset have succeeded their respective fathers Michel and Pierre Roset as co-CEOs of Ligne Roset as the high-end furniture company enters a new phase in its near 100-year long history.
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Belgian furniture supplier Ethnicraft is to make an $18 million (£14m) investment in its U.S. operation by building a new North Carolina facility that will expand and consolidate capacity.
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Furniture wholesaler Lassic chalked up lower profits in 2021/22 as the Bradford company absorbed rising costs from freight and its supply chain.
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The rescue of the West Midlands furniture wholesaler Serene earlier this year saved 35 jobs but compromised the debts owed to creditors including HMRC and suppliers.
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The Doncaster kitchen group behind brands such as Sheraton and Chippendale cut borrowing last year in a period when sales jumped by more than a fifth again.
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Year-on-year furniture turnover at the factory gate declined for the second straight month in May according to figures out Thursday morning from the Office for National Statistics (ONS).
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HMRC and the now-defunct Kettle Interiors U.K. company were the two main creditors of Kettle Interiors Agencies, which was placed into insolvency shortly after its larger associate.
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Losses widened at kitchen and bathroom cabinet maker Burbidge Holdings last year as rising costs and thinner margins negated an increase in output.
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- RETAIL & DISTRIBUTION
Bedroom furniture manufacturer and retailer Hammonds built sales, cash and profits last year and used some of the proceeds to retire outstanding debt.
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Jason Bannister has taken a board seat on the Oak Furniture Superstore trading company for the first time since he and others acquired an equity stake in the challenger case goods retailer.
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The Symphony fitted kitchen, bedroom and bathroom furniture manufacturing group took two-year capex to nearly £50 million and expanded its staff headcount through 2022.
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Furniture import and wholesale company Bentley Designs (U.K.) maintained profits last year as exchange gains helped counter the impact of lower sales and the inflationary trading environment.
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Profits declined at Lincolnshire furniture wholesaler Classic Furniture (Binbrook) last year as thinner margins countered rising output.
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A buyer has been found for the Co. Monaghan factory of cabinet furniture manufacturer Gola Wood Works after the company succumbed to market pressures earlier this year.
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- EVENTS
The Vita Group, the diversified supplier of foam, underlay and maker of finished mattresses, is to be the headline sponsor of the inaugural Furniture Component Expo.
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Coach House, the £64 million furniture, interiors and giftware wholesaler, has expanded its footprint in London with the opening of a new, larger trade showroom in Chelsea.
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The value of wood living, dining and bedroom furniture imports fell for the 13th straight month in April on continued weak trade with the Far East.
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U.K. furniture manufacturers' turnover fell on a year-on-year basis for only the second time in 26 months in April, according to new Office for National Statistics (ONS) data.
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Furniture distributor Global Home Group has reduced prices across a further half dozen ranges including four Corndell collections as it encourages retailers to "aggressively promote" its products.
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Consumers awaiting furniture and mattresses from customers of delivery giant Tuffnells face potential delays after the freight specialist was formally placed into the hands of restructuring advisors on Monday.
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South London bedroom specialist Instrument Furniture has ceased trading after heavy losses and a mounting debt burden negatively impacted the business.
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The self-styled largest kitchen designer and manufacturer in the South West of England found profit growth last year despite a truncated financial period.
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- RETAIL & DISTRIBUTION
A major delivery company in the flatpack furniture and roll-pack mattress sectors filed a notice of intent to appoint administrators on Friday, leaving many retailers facing uncertainty regarding last-mile fulfilment. It followed a smaller rival doing likewise a day earlier.
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- RETAIL & DISTRIBUTION
A corner bench set sold by general merchandise retailer Next has been recalled on concerns it may collapse and cause entrapment, or a personal injury.
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- RETAIL & DISTRIBUTION
A modest uplift in mattress sales helped the ecommerce channel return to growth in the first quarter of 2023. But weak store demand meant overall revenue across the wider furniture industry still declined.
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A fifth of the furniture wholesale company Julian Bowen remains in the hands of either management or the founding family following the death of the company's eponymous founder last year.
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Restructuring advisors handling the insolvency of Kettle Interiors U.K. say legal action may be necessary to facilitate the collection of a portion of the furniture wholesale company's debtor book.
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U.K. tax authorities face the biggest shortfall from the fallout of the restructuring of the Kettle Interiors U.K. furniture wholesale operation earlier this year, despite being near the front of the queue for a payout.
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The closure of a flatpack furniture maker earlier this year has resulted in the liquidation of a co-controlled ecommerce retail business trading as Devoted2Home.
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The insolvent restructure that wiped out the equity interest of the founder of ecommerce retailer Oak Furniture Superstore has resulted in elevated stakes for other shareholders, including the founder of Oak Furnitureland.
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Corporate reorganisation follows spring 2022 takeover by Norwegian furniture conglomerate.
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Major furniture supplier Global Home Group has written to retailers outlining price cuts across a number of its established cabinet collections, following through on a promise made last year.
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- TRADE & INDUSTRY
Exports of core furniture products such as mattresses, sofas and dining sets inched higher in the first quarter of 2023, rising to the highest level in four years.
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The value of wood living, dining and bedroom cabinet imports dropped for the fourth month in a row in March on the back of lower figures from China and Vietnam.
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A £7.4 million rise in revenue failed to lift profits at a London based contract furniture provider as it grappled with rising shipping and product costs through 2021/22.
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- TRADE & INDUSTRY
Raw material price inflation has eased only to be usurped by rising costs elsewhere, according to a poll of U.K. producers by the British Furniture Manufacturers (BFM).
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Higher prices and the completion of winter sales orders kept U.K. furniture factories busy as turnover at the factory gate reached an all-time high landmark in March.
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W Exhibition, the U.K. trade show for the furniture manufacturing and joinery industries, has rebranded as Materials & Finishes Show ahead of its scheduled return in Birmingham next year.
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- RETAIL & DISTRIBUTION
John Lewis of Hungerford has agreed the £3 million sale and leaseback of its Oxfordshire factory amid wider plans to save cash by delisting from the Alternative Investors Market (AIM) of the London Stock Exchange.
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- DEALS & FINANCE
The md of the Yorkshire distribution company that bought the Corian solid surface material to the U.K. home furnishings market has completed a management buyout.
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- COMMUNITY
Edward Tadros, chairman of family-owned furniture maker Ercol until the summer of last year, has been awarded the Lifetime Achievement Award by The Furniture Makers’ Company, the City of London livery company and furnishing industry charity.
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- LEGAL & RESTRUCTURING
Consumer creditors and the tax authorities are the biggest losers from the fallout of the closure of an award-winning Yorkshire kitchen vertical that had built its ethos around sustainable design and manufacturing.
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Gola Wood Works, a cabinet furniture company registered at Downpatrick, County Down, has been placed into administration through restructuring advisors at KPMG.
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Bedroom furniture manufacturer Home Decor has seen its liabilities slashed thanks to a loan waiver from its longtime private equity backer.
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- RETAIL & DISTRIBUTION
U.K. kitchen giant Wren has expanded its showroom network in North America as it looks to build on major investment in manufacturing in the U.S. market.
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Restructuring advisors trying to recoup funds for the estate of an insolvent cabinet furniture retail business could result in a non-trading property company being placed into administration.
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- RETAIL & DISTRIBUTION
Magnet owner Nobia said first quarter revenue declined in the U.K. as it began a wide-ranging restructuring programme that sees the closure of two kitchen factories here and other business model adjustments.
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- RETAIL & DISTRIBUTION
Sharps continued to generate high adjusted profits according to new figures that concurrently disclose the terms of the furniture chain's sale to a new private equity backer for the first time.
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- TRADE & INDUSTRY
Seven companies from the across the U.K. furnishings sector claimed King's Awards for Enterprise, including two for the Harrison Spinks beds, components and fillings group in Leeds.
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Ercol Furniture (ercol) is launching two of its best-loved designs in British ash with the Princes Risborough manufacturer saying it wants its backing for home-grown timber to be an example for the industry.
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Rob Freeman and Kirstie McIntosh have been promoted to new roles at Frank Olsen Furniture, the supplier of living room, AV and bedroom cabinets featuring integrated tech such as wireless charging and voice-controlled lighting.
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- TRADE & INDUSTRY
Consumer price inflation for household furniture eased to a 19-month low in March while input cost inflation at the furniture factory gate fell to its lowest level in over two years.
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Imports from India and Vietnam halved in February to send overall timber living, dining and bedroom furniture shipments down by a quarter compared with last year.
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Furniture vertical Ashley Ann took two-year capital expenditure to well over £2 million as it invested heavily during what proved a stronger year for the Scotland based kitchens, bedrooms and bathrooms business.
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- TRADE & INDUSTRY
The value of U.K. furniture manufacturing turnover declined on an annual basis for the first time in two years in February, official data out Thursday morning showed, but January figures were better than first reported.
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- CASE GOODS
Profits climbed for made-to-measure cabinet maker Strachan last year as the direct-to-consumer company maintained its upwards revenue trajectory.
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- SUPPLY & WHOLESALE
The owners of a Birmingham bedding company have completed a buyout of Serene Beds and Furniture in a deal that secures the future of the West Bromwich wholesaler.
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- CASE GOODS
Restructuring advisors handling the insolvency of Kettle Interiors U.K. have enlisted agents to sell a substantial quantity of cabinet furniture that was not included as part of the asset sale agreement with newco Kettle Home.
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- SUPPLY & WHOLESALE
Restructuring advisors say they accepted the offer from newco Kettle Home for the assets of Kettle Interiors U.K. only yesterday (Mar. 29, 2023) after what it described as an open marketing process that attracted significant interest from here and abroad.
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Newly-formed company Kettle Home is the new owner of assets including intellectual property and inventory after wholesaler Kettle Interiors U.K. was placed into administration last Friday.
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- SUPPLY & WHOLESALE
Living, dining and bedroom furniture supplier Teemo has appointed former Made.com general manager Kevin Guillaume as chief operations officer Southeast Asia.
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- SUPPLY & WHOLESALE
Furniture wholesaler Kettle Interiors U.K. has been placed into administration with all 126 of its employees made redundant, restructuring advisors have confirmed.
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A court has handed West Midlands cabinet, mattress and bedframe importer and wholesaler Serene Beds and Furniture another ten days to reorganise its affairs.
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- EVENTS
20 U.K. exhibitors will show at Interzum next month as the manufacturers' event returns with sustainability high on its agenda after a four-year absence.
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- ECOMMERCE
The managed wind down at South Yorkshire ready-to-assemble cabinet manufacturer Addspace Furniture has had knock-on effects for a co-controlled ecommerce retailer.
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- SUPPLY & WHOLESALE
Stakeholders in wholesaler Kettle Interiors U.K. are working to complete a restructuring process that will secure the future of the Corby based furniture supplier.
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- RETAIL & DISTRIBUTION
Creditors of Mark Harris Furniture, the furniture wholesale and retail company whose assets were sold via a prepack buyout last month, were owed more than £14 million at the time of the restructure.
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- RETAIL & DISTRIBUTION
A longstanding Lincoln case goods furniture retailer will close next week following its owner's decision to retire.
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- SUPPLY & WHOLESALE
The near-term future of West Midlands beds and cabinet furniture distributor Serene Beds and Furniture is uncertain after a court filing on Monday.
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- CASE GOODS
The value of case goods imported into the U.K. fell to its lowest level in 18 months at the beginning of 2023 after overstocked distributors and retailers put the brakes on orders last autumn.
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- SUPPLY & WHOLESALE
British furniture manufacturers made a positive start to 2023 with output climbing compared with January last year. December figures have also been revised upwards.
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Pine and hardwood cabinet furniture distributor Devonshire remained profitable through 2021/22 as wider gross margin helped mitigate lower output.
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- RETAIL & DISTRIBUTION
The founder of Oak Furnitureland continues to have an equity interest in rival brand Oak Furniture Superstore following the division of that retailer's assets via an insolvent restructure last month.
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The shutdown of the U.K. arm of Sweden-headquartered furniture brand Rowico is entering its final stages as restructuring advisors clear the last of its remaining inventory.
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East Midlands furniture importer and distributor Birlea has introduced a new price list with reductions of an average 11 percent across its entire product roster.
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Shipping pressures and dealing with the aftermath of the pandemic meant last year was the most challenging yet, according to bedroom furniture and upholstery distributor Furniture Wholesale Group (FWG).
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- RETAIL & DISTRIBUTION
National kitchens retailer Wren is to diversify its product range with the launch of Wren Bedrooms, expanding its customer offer into fitted wardrobes, chests, dressers and standalone items.
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- DEALS & FINANCE
Ownership change at Yorkshire cabinet furniture and mattress retailer Room To Grow.
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- RETAIL & DISTRIBUTION
Premium kitchen maker Poggenpohl has retimed the relaunch of one of its flagship U.K. showrooms for a second time.
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- RETAIL & DISTRIBUTION
A property company under the control of the owner of an oak furniture retailer that only last month completed an insolvent restructure has filed a notice of intent to appoint an administrator (NOI).
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- LEGAL & RESTRUCTURING
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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- CASE GOODS
Revenue from flatpack furniture kits declined by more than £10 million through 2021/22 but higher sales from other activities helped West Yorkshire cabinet group Decorative Panel still find double-digit growth.
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- RETAIL & DISTRIBUTION
Vince Gunn, managing director of upholstered furniture brand Snug for the past two years, has been appointed chief executive at upmarket kitchen retailer Harvey Jones.
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- SUPPLY & WHOLESALE
U.K. furniture makers' turnover declined on an annual basis for the first time in almost two years in December as weak demand through the autumn impacted production at the end of the year.
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Alan Sweeney has stepped down as Alfrank Designs CEO after almost 17 years to launch a new agency and sourcing business with one of Ireland's leading furniture buyers. He will continue to work with the dining and occasional furniture supplier on a part-time basis.
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Restructuring advisors handling the insolvency of the U.K. arm of bedroom and dining resource Rowico say they are clearing inventory following their appointment last month.
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- SUPPLY & WHOLESALE
The U.K. future of international bedroom and dining furniture resource Rowico is unclear after its wholly-owned business unit here was placed into the hands of restructuring advisors late last month.
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- SUPPLY & WHOLESALE
Profits left in the company advanced again for Northern Ireland based dining furniture wholesaler World Furniture (NI) last year as the supplier continued to build value.
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- CASE GOODS
The closure of a 13-store kitchens vertical late last year has left its South Yorkshire owner with little prospect of recovering a seven-figure debt that was a hangover from its takeover nearly seven years ago.
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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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- SUPPLY & WHOLESALE
Import volumes of wood living, dining and bedroom cabinet furniture have now trended lower in every month since March last year, according to new figures.
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- RETAIL & DISTRIBUTION
Starplan Furniture booked record sales and profits through 2021/22 as demand surged for the fitted and freestanding cabinet maker and retailer.
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- SUPPLY & WHOLESALE
U.K. furniture manufacturing turnover rose at below-inflation levels for a third straight month in November according to data out Friday morning.
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- SUPPLY & WHOLESALE
The md of Ercol Furniture [ercol] says the Buckinghamshire manufacturer remains focused on further building U.K. production after it returned to profit in 2021 and maintained that level last year.
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- SUPPLY & WHOLESALE
Birlea Furniture says the first Disney furniture and home ranges since it agreed an exclusive U.K. and Ireland distribution deal are due to be in stock early February.
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