THE FORMER owner of the Morris Furniture business says he will not be buying the brand back, after the company which bought it two years ago was placed into administration.

Morris Furniture Brands Limited was placed into the hands of insolvency specialist Jonathan Philmore of Philmore & Co on 7th February.

Mr Philmore is currently examining options as to whether the business can be rescued as a going concern or whether they will sell off its assets for the benefit of creditors.

There are two known chargeholders: the invoice discounting outfit Bibby, and H. Morris & Company Limited, the vendor when Morris Furniture Brands bought the heritage furniture brands.

H Morris was owed £311,000 according to the latest publicly available records, with Mr Morris telling The Furnishing Report in a phone interview Friday that he wasn’t sure of the total amount outstanding, but he said the company hadn’t been paid.

He also said that he had moved on from the furniture industry with other business interests, including property, and wouldn’t be interesting in buying the business or brands back.

Chargeholders calling in debts can be a reason that companies are placed into administration. Mr Morris confirmed that H Morris wasn’t behind the administration of Morris Furniture Brands, saying “We wouldn’t do that.”

A spokesman for Bibby wasn’t immediately available for comment when The Furnishing Report called Friday afternoon.

Morris Furniture Brands Limited was part of the Nathan Furniture Group, based at Todmorden, and was created in 2015 to acquire selected assets from the Scottish furniture business.

Both Nathan Furniture and Sutcliffe Furniture are not affected by the administration of Morris Furniture Brands Limited, a spokesman for Nathan confirmed.

A statement issued by Nick Radford, chairman at Nathan Furniture Group, said: “The supply chain inherited at the acquisition of the business was hugely challenging. The suppliers were unable to deliver on time and of the expected quality which resulted in numerous difficulties.

“Our distribution partner made life extremely problematic with large amounts of damage to product resulting in a dispute between them, the bank and ourselves which in the event we were unable to resolve. Despite our best efforts to rejuvenate and restructure the business ultimately, we were given no option but to appoint an administrator.”

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