SutcliffeFactoryRESTRUCTURE via planned administration expedites move to import-only business model for Nathan Furniture and Sutcliffe brands

wallaceSacksFURNITURE retailer Wallace Sacks has left a “very large volume of unfulfilled orders” according to the insolvency practitioner overseeing the fallout from its closure.

morrisFactoryFOLLOWS appointment of administrators at Morris Furniture Brands Limited, which bought the heritage Scottish furniture brand in 2015

divanDrawTWO British furniture component suppliers have been fined a total of £2.8 million for cartel activity. A third company escaped a fine after confessing its involvement.

silentnightHQTHE PENSIONS Regulator has won a legal challenge in relation to its ongoing anti-avoidance dispute with Silentnight owner HIG Capital over the bed maker’s pension scheme.

bettaLivingBANK creditor to get its money back with others — including many furniture industry suppliers — likely to face either a shortfall or no return at all.

ADMINISTRATORS says they expect all 650 employees of the Worldstores group will transfer to Dunelm as part of the prepack sale agreed yesterday.

TEN companies in liquidation in the seven days to 25th November

TWO furnishings companies in administration, a further seven liquidate

PERMANENT closure of 24-store fitted furniture chain announced by administrator

outdoorPrepackYORKSHIRE outdoor furniture company sold to newco after pound’s collapse and threat of litigation from sales agents

bettaLivingFURNITURE chain Betta Living has temporarily ceased trading and is to enter administration, putting over 300 jobs at risk.

ashcrThFLATPACK cabinet maker Ashcraft had sales of £10 million before recession of 2008

LIQUIDATOR appointments and winding up orders

theoriginalsofacoThTHE ORIGINAL Sofa Company specialised in Chesterfield sofas and traded from stores in the North East and London.



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