FURNITURE and furnishings companies entering insolvency in the past seven days

wallaceSacksCREDITORS are owed almost £4 million by the now-closed furniture retailer Wallace Sacks, with a sizeable chunk of that consumer deposits and prepayments.

SutcliffeFactoryRESTRUCTURE via planned administration expedites move to import-only business model for Nathan Furniture and Sutcliffe brands

wallaceSacksFURNITURE retailer Wallace Sacks has left a “very large volume of unfulfilled orders” according to the insolvency practitioner overseeing the fallout from its closure.

morrisFactoryFOLLOWS appointment of administrators at Morris Furniture Brands Limited, which bought the heritage Scottish furniture brand in 2015

divanDrawTWO British furniture component suppliers have been fined a total of £2.8 million for cartel activity. A third company escaped a fine after confessing its involvement.

silentnightHQTHE PENSIONS Regulator has won a legal challenge in relation to its ongoing anti-avoidance dispute with Silentnight owner HIG Capital over the bed maker’s pension scheme.

bettaLivingBANK creditor to get its money back with others — including many furniture industry suppliers — likely to face either a shortfall or no return at all.

ADMINISTRATORS says they expect all 650 employees of the Worldstores group will transfer to Dunelm as part of the prepack sale agreed yesterday.

TEN companies in liquidation in the seven days to 25th November

TWO furnishings companies in administration, a further seven liquidate

PERMANENT closure of 24-store fitted furniture chain announced by administrator

outdoorPrepackYORKSHIRE outdoor furniture company sold to newco after pound’s collapse and threat of litigation from sales agents

bettaLivingFURNITURE chain Betta Living has temporarily ceased trading and is to enter administration, putting over 300 jobs at risk.

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salesthumbFurniture Retail Sales

Furniture UK retail sales data for the past 12 months and over the past nine years.

salaries thumbWages & Salaries

Charts showing benchmark salaries across the home furnishings industry, spanning retail — covering both independents and national firms — upholstery, flooring, beds, case goods manufacturers as well as wholesalers.

impexpthumbImports & Exports

Quarterly furniture and flooring imports and exports data, featuring the total value for each across both categories. Updated quarterly.

Insolvency & Legal

This weekly column contains lists of companies entering administration and liquidation, including Winding Up Orders and member initiated liquidations.

margins thumbProfit Margins

Charts showing benchmark gross margin and pre-tax margin for companies in the home sector, broken down by home furnishings retail, including both national and regional businesses, upholstery, case goods, importers, flooring and beds.

The Debt Report

See who and how much was owed by insolvent companies in the home furnishings sector. Lists contain recent business failures, their directors, balance sheet information, who they owed money to, and how much.

inflation thumbFurniture & Flooring Inflation

Charts showing furniture and floorcoverings retail and manufacturers' price inflation.