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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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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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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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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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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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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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Hitchin retailer closed earlier this summer.
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Logistics company Canute Group has completed an insolvent restructure after assets were sold to a newco under common control, according to trade journal Motor Transport.
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The director and shareholder of the company behind the Oak Furniture Solutions business bought back the retailer's stock a month after it was placed into administration.
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The management of West Yorkshire furniture manufacturer British Thornton ESF have completed a prepack buyout, securing the business' future.
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Hardwood Dimensions (Holdings), a timber supplier, has been fined for breaching regulations prohibiting the importing and sale of illegally harvested timber.
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The company behind the Canterbury Furniture online pureplay brand ceased trading last month and has been placed into liquidation.
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Furniture retailer Lombok has become the first business to be fined for breaching regulations introduced in 2013 to prohibit the import and sale of illegally harvested timber.
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Sole director of the business owed nearly half of the total amount outstanding
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A decision to import more pre-finished cabinet furniture from China and delays agreeing trade finance contributed to the failure of furniture distributor Charltons, according to a new report.
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The sole director of kids furniture retailer Belle Maison Direct has been disqualified from running other companies for six years after squirrelling away a six-figure sum to avoid paying taxes.
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OUTDOOR furniture supplier, whose products sold through Amazon and WorldStores and major supermarkets, liquidated through Begbies Traynor.
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THE NORTH East furniture chain trading as Beautiful Homes has restructured for a second time in eight months and is expected to rebrand as FDS.
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DEAL rescues East Midlands business behind Lee Colourplan Pattern Book Makers.
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LIQUIDATORS will this week be appointed at two-store Northern Ireland furniture retailer Smiths Furniture, which has already ceased trading and closed its two stores.
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RETAILER filed notice of intent to appoint administrators earlier this year
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A NEW report into the prepack sale of WorldStores to Dunelm has revealed the amount of cash lost by prior investors in the ecommerce group.
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HERITAGE sofa maker Collins and Hayes has secured its near-term future after creditors backed a Company Voluntary Arrangement (CVA).
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THE CLOSURE of occasional furniture maker Fuda International Trading will see creditors miss out on £3.5 million according to statutory filings.
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- LEGAL & RESTRUCTURING |
A LANCASHIRE textiles group that manufactures and wholesales bedding and soft furnishings has been sold out of administration, saving over 100 jobs.
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- LEGAL & RESTRUCTURING |
OFFICE furniture company GGI recorded cumulative losses north of £3.3 million in past four reported years
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FURNITURE and furnishings companies entering insolvency in the past seven days
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- LEGAL & RESTRUCTURING |
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CREDITORS are owed almost £4 million by the now-closed furniture retailer Wallace Sacks, with a sizeable chunk of that consumer deposits and prepayments.
