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West Midlands sofa maker Ashley Manor acquired equipment and machinery from Ultra Furniture's wood mill following its closure earlier this year.


The disposal to the Dudley upholstery manufacturer is one of several transactions completed by administrator Duff & Phelps since the nearby Kingswinford business ceased trading in June.


Ashley Manor purchased the wood mill kit "with a view to this being able to facilitate special projects we are working on and add to our capacity," brand director Michelle White told The Furnishing Report last week via email.


Lancashire manufacturer Buoyant Upholstery acquired Ultra's designs, trademarks and other IP and hopes to work with new accounts initiated by Ultra in the past year. Buoyant and Ultra are autonomously run subsidiaries of the Helium Sofa Group.


Ultra called in Duff & Phelps after Tesco, until then its largest customer, decided to close its Tesco Direct business.


Duff & Phelps also sold off finished stock, work-in-progress and fabric inventory for approaching £100,000 combined.


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