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FurnitureBarnThurrockThe administrators of retail chain The Furniture Barn have granted a six month operating licence to a newco but say that three warehouses and two further stores will close.


FRP Advisory issued a statement saying a licence had been granted to Furniture Barn 2016 Ltd for trading at all seven of the retailer’s remaining stores.


Two of those units — at Sutton Coldfield and Thurrock — will close by the end of February with clearance sales already underway at both shops. Its Sheffield, Doncaster, Kidderminster, Grantham and main Market Harborough stores are unaffected and will continue trading.


Furniture Barn 2016 Ltd was incorporated ten days ago with Nigel Hickman and Terry Maywood as sole directors. Mr Hickman was formerly a director at the Furniture Barn of Market Harborough Ltd, one of the two companies placed into administration through FRP’s Nigel Hamilton Smith and Geoff Rowley last month.


Furniture Barn’s home accessories shop is the only store to have closed since FRP’s appointment in December. Last Friday, FRP closed Furniture Barn warehouses at West Bromwich, Doncaster and Thurrock, and said its warehouse at Corby and storage facility at Market Harborough remains open.


The warehouse closures, reduced capacity at remaining warehouses and reduced operations at head office will result in 45 job losses, with a further 14 jobs expected to go at the retail stores at Thurrock and Sutton Coldfield.


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