Made.com is no more – where to buy furniture online in 2023 home decor When Made.com launched in 2010 it seemed like a miracle of the furniture world, creating stylish, affordable pieces that you were as likely to find in the home of a student as you were an architect. Over the next decade it would become so popular its mid-century-inspired designs became the de facto aesthetic in offices [...]
Made.com to fall into administration as soon as Monday woes Troubled online furniture retailer Made.com is reportedly set to go into administration as soon as Monday or Tuesday. It comes after attempts to find a buyer failed earlier this month, which prompted the company “to temporarily suspend new customer orders”. Hundreds of staff, most of them in the UK, are expected to lose their jobs, [...]
EY faces investigation over audit of Made.com before firm collapsed AUDITING The UK’s audit watchdog has launched an investigation into EY’s audit of Made.com before the firm collapsed late last year. The online furniture business went into administration in November after rescue talks to find a buyer failed. The Financial Reporting Council announced today that it will start investigating EY’s audit of the firm’s accounts for [...]
Made.com suspends homeware orders as it faces collapse October 26, 2022 Beleaguered Made.com has decided “to temporarily suspend new customer orders” following yesterday’s termination of talks with potential buyers. The firm said the latest move was done to “preserve value for its creditors and shareholders”. This comes after the company ended negotiations with all potential buyers yesterday, after no party could commit to a suitable timetable [...]
Made.com board proposes formal liquidation of collapsed furniture firm December 22, 2022 Shareholders of Made.com have been encouraged to back a board proposal to formally wind down the furniture firm through a member’s voluntary liquidation. In an update to the London Stock Exchange, the collapsed homeware firm said this would allow liquidators to realise its remaining assets pending completion of its administration. It would also allow the [...]
Made.com to cut staff as it mulls sale of the business September 23, 2022 Beleaguered retailer Made.com said it will conduct a strategic review of its future options, including job cuts and possible sale of the business. The online furniture and homewares firm came to market in January last year at a price of 200p per share, valuing the group at £775m. The shares have steadily slumped ever since [...]
Made.com customers will not see return of £12m in deposits for pricey furniture December 27, 2022 Tens of thousands of Made.com customers will be left out of pocket by a total of nearly £12m, according to the homeware firm’s administrators. The London-listed sofa seller collapsed this autumn after a consumer crunch caused sales to slow, resulting in hundreds of job losses. Now, a report by PwC administrators has revealed that more [...]
Made.com receives non-binding proposals in rescue sale talks October 17, 2022 Made has said it has recieved “a number of” non-binding indicative proposals, as the online homeware retailer searches for a buyer amid tumbling sales. After reviewing the proposals, the board has invited” a select number of parties” to progress towards firm offers by the end of October, following a due diligence process, Made said on [...]
Next snaps up collapsed Made.com in £3.4m swoop November 9, 2022 NEXT snapped up the brand, domain names and intellectual property of Made.com for £3.4m in a prepack administration this morning, just 18 months after it made its £775m London debut. In a statement this morning, Made.com confirmed it had appointed administrators PwC to sell off its other assets and pay off its debts. Former chief [...]
Made.com to call in administrators as furniture firm’s 700 staff left in lurch November 1, 2022 Made.com has announced the appointment of administrators after cash-strapped consumers have pulled back on big ticket spending. The London-listed furniture firm said on Tuesday that it’s board has resolved to file notice of an intention to appoint administrators at PricewaterhouseCoopers (PWC). The company had been seeking out rescue cash but interested suitors were unable to [...]