Data, Lists & Analysis
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109 companies were either closed or filed for insolvency in the past seven days.
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Six companies left creditors facing £5.6 million shortfall.
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Shoppers in Scotland and the South East of England have made the deepest cuts in furniture expenditure, according to figures that reflect both consumer confidence and actual spending.
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Businesses incorporated during October 2022. Comprehensive list across all furnishings sectors/disciplines (eg retail/wholesale/manufacturing).
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Parroting the numbers in financial accounts ought to be easy. Getting it right, and making sense of them, is a far trickier business. Companies like Next's sofa making unit make the job far harder.
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The problems at Made.com (Made) have left many commentators lamenting the errors of existing management, and remembering the halcyon days at the furniture and lighting retailer.
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93 companies were either closed or filed for insolvency in the past seven days.
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Six companies left creditors facing £3.5 million shortfall.
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Flooring market leader Carpetright was still a publicly-owned company when it agreed a company voluntary arrangement (CVA) that impacted certain landlords back in the spring of 2018.
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The equity in Made.com, which floated at a £775 million valuation last June, was worth under £2 million by Tuesday night as the furniture retailer cautioned that talks with previously-identified buyers or funders were at an end.
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Manufacturers opening showrooms was once a cause for serious alarm among retail stockists. That is increasingly no longer the case.
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Department store retailer Fenwick says it is working with advisors to explore funding options with more than half of its available debt facilities due to mature by next spring.
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122 companies were either closed or filed for insolvency in the past seven days.
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Seven companies left creditors facing £3.9 million shortfall.
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Challenges getting containers shipped in a timely and cost-efficient manner proved one of the biggest challenges of the pandemic.
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NorthEdge Capital backed a management buyout of the Belfield Group back in 2016 that left a significant amount of the shares in the hands of managers across the various businesses that were under its control.
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Successfully and cost effectively shipping big boxes from one side of the world to the other has vexed many great furniture industry minds since the beginning of the pandemic in early 2020.
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Direct-to-consumer mattress brand Eve Sleep launched seven years ago and has so far run up accumulated losses totalling £73 million. Expect that to change under its new owner.
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80 companies were either closed or filed for insolvency in the past seven days.
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Eight companies left debts of £8.3 million. Company details, and major creditors.
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An ad-hoc column chronicling recent ownership changes across the U.K. furnishings sector. Seven companies featured including sofa and mattress makers, a four-store kitchen chain, and an online furniture retailer.
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Still-expanding floorcoverings chain Tapi Carpets & Floors has revealed over 2,000 current and past equity holders in its latest public disclosure, but almost 75 percent of the business is held by just a handful of shareholders.
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Last autumn we described 2020 as a breakout year for the U.K. operation of Chinese furniture, home and general merchandise giant Aosom. It appears we went too early.
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Back in 2020, upholstered furniture maker Westbridge made products that were responsible for about 5 percent of the overall turnover of sofa retailer Sofology.
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The departure of Sofology buying director Suzy McMahon for Oak Furnitureland begs an obvious question.
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The higher cost of importing product from the Far East through the pandemic has had many furniture retailers rethinking their supply chains and ScS is no different.
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Some companies are in for a lot of money, said one supplier.
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107 companies were either closed or filed for insolvency in the past seven days.
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Creditors left facing £20 million shortfall from five companies.
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A winding up petition against direct-to-consumer upholstery business Maker&Son landed in the court room on Tuesday of this week. It was already too late.
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Tempur Sealy International closed its circa £340 million takeover of U.S. bed market leader Dreams last August in a deal widely seen as great value by many in the trade.
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In 2020, half of sofa group TCM Living's revenue came from its biggest customer, the North East headquartered retail chain ScS. That changed last year.
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Now-dated financial statements for periods ending in 2021 and early 2022 are showing, as expected, huge increases in sales.
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Putting a number on Wayfair's U.K. turnover.
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Made.com, the embattled furniture retailer, has set a mid-October deadline for initial expressions of interest in the company.
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Businesses incorporated during September 2022. Full list across all furnishings sectors/disciplines (eg retail/wholesale/manufacturing).
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92 companies were either closed or filed for insolvency in the past seven days.
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Seven companies left creditors facing £1.4 million shortfall.
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Furniture retailer Made.com (Made) released interim results on Thursday meaning we have a better idea how much cash remains in the business and how long it can carry on before it requires further funding.
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Last year was the strongest yet for The Branded Furniture Company (TBFC), the joint venture between sofa maker Whitemeadow and a Leicestershire based furniture design studio.