Data, Lists & Analysis
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Eight companies filed for insolvency in the past week.
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Lower volumes and decisions taken during the pandemic are impacting companies across the sector.
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Made.com's trading update on Tuesday sent an already sliding share price into freefall, down almost 46 percent to below 21 pence and cutting the market capitalisation of the retailer to £82 million.
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Maker&Son has been the subject of significant equity investment since it was founded by father and son team Alex Willcock and Felix Conran back in 2018.
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Seven companies left creditors facing £5m shortfall.
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Nine industry companies filed for insolvency in the week to July 15.
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Updates on 16 hires and exits in the period to July 15, 2022.
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An increasing number of suppliers are going direct to the consumer but are smart enough to understand it is not sensible or sustainable business practice to undercut their retail partners and stockists.
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There were almost 10,000 U.K. furniture retail enterprises dotted around the U.K. in 2021, and thousands more including individual stores run by regional or national chains. Here is where they are located and how that compares with 2017.
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United Carpets Group, Britain's largest floorcoverings franchise retailer, was back in profit on its return to private ownership but that didn't prevent a fall in the balance sheet value of the company.
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10 companies left debts of £2 million.
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Ten companies filed for insolvency in the seven days to July 8, 2022.
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Updates for the period to July 8, 2022.
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Sealy U.K. has filed its first set of numbers since Silentnight sold the business for the previously-signposted cash sum of £3.2 million back in October 2020.
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On the day that two listed furniture retailers announced senior hires and departures the market was again unkind.
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The Competition and Markets Authority (CMA) has told Carpenter and Recticel to address antitrust concerns ahead of the proposed acquisition of the business unit that includes the latter's comfort foam business.
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The Ashley Wilde group enjoyed a stellar trading year in 2021 but that was only a small part of the reason for a transformation in the net worth of the business.
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The pandemic upended supply chains, leaving furniture importers facing a challenge getting inventory to the U.K. in a timely manner.
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10 companies left debts of £1.7 million.
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Nine companies placed into liquidation in the seven days to July 1, 2022.
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Six years ago, all four of the stores in the Gillies of Broughty Ferry network could be reached within a hour and half's drive up the east coast of Scotland, starting in Perth and finishing in Aberdeen.
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Ownership concentration comes at low earnings multiple for Market Rasen furniture wholesaler Classic.
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Since 2000, Lancashire carpet maker Cormar has delivered £1.85 billion worth of goods to its retail customers.
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Investment group Blue Coast Capital acquired a significant but as-yet-undisclosed stake in furniture retailer Loaf last autumn in a deal that valued the business at over £70 million.
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The closure of the 16-store Sofa Workshop retail chain back in the spring had a knock-on effect that saw even further store churn among other U.K. and international upholstery brands.
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10 companies left debts of £1 million.
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10 companies filed for insolvency in the past seven days.
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Internal renders of the new-look Sterling Home store in Aberdeen, which will open this weekend.
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Heal's has been based at its current flagship store on Tottenham Court Road since 1840, three decades after the company was founded by John Harris and Ambrose Heal at Rathbone Place, just a few hundred metres away.
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The Government wants to strengthen regulation of interest-free Buy-Now Pay-Later credit agreements and other forms of short-term credit. This won't be welcomed by everyone.
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Furniture retail price inflation eased for the second straight month in May. That's good news, but any thoughts that the worst has passed should be kept in check.
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Nick Collard is the new CEO of Bensons for Beds after current incumbent Mark Jackson, together with CFO John Sidebotham, decided to leave the retailer.
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15 companies left debts of £2.7 million.
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Nine companies filed for insolvency in the seven days to June 17, 2022.
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The spring and summer of 2020 will live long in the memory for many reasons. For the furniture industry, locked down and unable to manufacture, deliver or sell face-to-face to customers, it was a period of great uncertainty.
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Actona acquired Theca earlier this year and will now add SITS. But the Danish furniture conglomerate's raid of leading sofa companies is not over yet.
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A complete list of all of the new U.K. floorcoverings retail companies formed between May 1–31, 2022.
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A huge consignment of mattresses from Romania that looked to be an outlier now appears more likely the start of a more consistent theme.
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North West omnichannel retailer Furniture in Fashion made its largest public-record gain in history in 2020/21 as it traded strongly through the pandemic.
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A complete list of all of the new U.K. furniture retail companies formed in May 2022.