Data, Lists & Analysis
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10 companies left creditors facing £3 million shortfall.
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14 companies were either closed or filed for insolvency between January 9–13, 2023.
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Ekornes, the Norwegian upholstered furniture conglomerate best known for its Stressless recliner brand, announced around 900 job cuts earlier this month as it realigned with softer market demand.
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Five years ago, 65 percent of Airsprung group business went through just two major retail customers.
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ScS, Snug and other stakeholders flat batted our enquiries all last week, but the buyout of the latter by the former was finally made public on Tuesday morning.
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Furniture and affiliated trade insolvencies reached record levels last year but there are at least two reasons for the industry — and close followers of it such as credit insurers — to be positive about 2023.
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Nine companies left creditors facing £1.05 million shortfall.
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60 companies were either closed or filed for insolvency between January 1–8, 2023.
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JYSK launched in the U.K. back in the darkest days of recession in 2008 and will complete 15 years of trading here this year.
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British furniture and interiors retailer OKA posted improved numbers and traded through its just-reported financial year without new external funding.
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When retailer Next agreed a £3.4 million for the Made.com brand last year commentators were quick to say the general merchandise giant had secured itself a bargain basement deal.
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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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Reporting the accounts of individual business units within large multi-jurisdiction international enterprises should always come with a health warning.
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92 companies were either closed or filed for insolvency between December 27–31, 2022.
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10 companies left creditors facing £2.5 million shortfall.
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Homeserve Furniture Repairs delivered a record year in a period when it made a seven-figure investment, funded out of operating cashflow.
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Property entrepreneur Andrew Perloff has owned Airsprung for over a decade after completing a take-private transaction of the-then listed beds and upholstery group back in 2011.
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48 companies were either closed or filed for insolvency in the past seven days.
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Seven companies left creditors facing £7.2 million shortfall.
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Cash levels dwindled at the group behind mattress and bed retail chain Mattressman in its just-reported financial year, but the wider trend is positive.
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The founders of Sofa.com famously paid a six-figure sum to acquire the upholstery brand in a move some in the trade decreed to have been critical to its success.
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Cost headwinds resulted in lower profits for large furniture independent Cousins in 2021/22 but the bigger picture is more telling.
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52 companies were either closed or filed for insolvency in the past seven days.
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10 companies left creditors facing £1.6 million shortfall.
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General merchandise retail giant Next made an equity investment in online furniture retailer Swoon earlier this year, in a transaction first revealed by The Furnishing Report back in May.
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Earlier this year high-end furniture, home and lifestyle retailer Amara Living issued shares that valued the Essex ecommerce company at almost £20 million.
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21 companies were either closed or filed for insolvency in the past seven days.
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Six companies left creditors facing £4.1 million shortfall.
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Newly-public financial statements for the now-dated early pandemic period offer a rare window into the scale of Halo group's worldwide furniture interests.
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The department store business model has been challenged in recent years, with high-profile incumbents such as Debenhams having fallen by the wayside and others reporting heavy losses.
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Furnishings chain Harry Corry has never been in a stronger financial position, and its finances might just be even healthier than the headline numbers indicate.
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Dewsbury beds and bedroom furniture retailer Happy Beds was far and away the biggest customer of a related party mattress maker and importer in the past year.
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The furniture market has softened through 2022 but smart retailers have managed to both build liquidity while continuing to invest in their businesses.
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15 companies were either closed or filed for insolvency in the past seven days.
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Six companies left creditors facing £2.1 million shortfall.