Data, Lists & Analysis
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2022 was a tougher period for Ekornes, resulting in the Norwegian upholstered furniture giant cutting its cloth accordingly with job cuts in its homeland and in the Far East, where its Vietnamese factory is closing.
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Mattress company Dormeo U.K. traded strongly through the early part of the pandemic, building sales by almost 50 percent to nearly £41 million.
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22 companies were closed or placed into insolvency proceedings last week.
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7 companies left creditors facing £4.7 million shortfall.
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The U.K.'s top 100 export markets in 2022 across mattresses, bed bases, living, dining, bedroom wood cabinet, and upholstered furniture.
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Complete list of all countries from which foam and sprung mattresses were imported into the U.K. in December 2022, including the value of goods and year-on-year comparisons.
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Complete list of all countries from which timber living, dining and bedroom cabinet furniture was imported into the U.K. in December 2022, including the value of goods and year-on-year comparisons.
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Complete list of all countries from which sofas, sofabeds and armchairs were imported into the U.K. in December 2022, including the value of goods and year-on-year comparisons.
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Complete list of all countries from which carpets were imported into the U.K. in December 2022, including the value of goods and year-on-year comparisons.
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44 companies were closed or placed into insolvency proceedings last week.
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10 companies left creditors facing £11.3 million shortfall.
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Last May we revealed Next had made an investment in online furniture retailer Swoon, which was only publicly-confirmed by the retail giant four months later, in September.
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Many companies across the U.K. furnishings sector have made the sustainability of their products and services central to their business model and at the heart of all decision making.
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The Conran Shop's Chelsea store closed last weekend in a move that will save the furniture and lighting retailer a vast sum in annual rent payments.
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As a rule, the prepack sale of the business and assets of an insolvent company to an unrelated third party spells bad news for the prior shareholders.
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Sofa.com was again a big profit generator for its owner Frasers Group last year, yet cash declined and it was nothing to do with dividends. Here's why.
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25 companies were closed or placed into insolvency proceedings last week.
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10 companies left creditors facing £14.9 million shortfall.
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The finances of some of the country's mid-sized upholstered furniture manufacturers fly under the radar but are significant in the context of the wider sofa market.
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New entities incorporated in the latest month.
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New entities incorporated in the latest month.
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New entities incorporated in the latest month.
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New entities incorporated in the latest month.
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New entities incorporated in the latest month.
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New entities incorporated in the latest month.
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- NOTEBOOK
Profits declined for upholstery supplier La-Z-Boy U.K last year in a period when the wholesale business invested heavily in product inventory.
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The main protagonists in the sofa-in-a-box sub-segment of the upholstered furniture market emerged at just the right time as the pandemic diverted the spending power of the social media generation away from travel and leisure and towards home furnishings.
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177 companies were either closed or filed for insolvency between January 21–27, 2023.
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11 companies left creditors facing £2.2 million shortfall.
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The sale of both property assets and equity have provided liquidity at ready-to-assemble furniture manufacturer Addspace in recent years, but the company has still called in restructuring advisors in the past few days.
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When a major U.K. furniture manufacturer announces a consultation in the week when a major trade show is taking place it is unlikely to remain under the radar for long.
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Independent furniture stores group Stokers has already recouped a sizeable chunk of its investment in the Lucas World of Furniture business it acquired nearly eight years ago, thanks to the disposal of legacy properties.
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156 companies were either closed or filed for insolvency between January 14–20, 2023.
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10 companies left creditors facing £6.8 million shortfall.
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- NOTEBOOK
Dormeo U.K. was among the big success stories of the early pandemic period, with sales growth accelerating at twice the pace that it had before Covid.
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An improved financial performance saw the value of furniture retailer OKA rise by tens of millions of euros according to accounts filed in Luxembourg by its holding company.
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Complete list of all countries from which timber living, dining and bedroom cabinet furniture was imported into the U.K. in November 2022, including the value of goods and year-on-year comparisons.
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Complete list of all countries from which sofas, sofabeds and armchairs were imported into the U.K. in November 2022, including the value of goods and year-on-year comparisons.
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Complete list of all countries from which foam and sprung mattresses were imported into the U.K. in November 2022, including the value of goods and year-on-year comparisons.
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Complete list of all countries from which carpets were imported into the U.K. in November 2022, including the value of goods and year-on-year comparisons.