The joint administrators of The Quality Furniture Company Limited have confirmed that the business will cease trading on 12 October 2018.
Chris Pole, partner at KPMG and joint administrator said: “We have continued to trade the business since our appointment on 2 August 2018 to enable time for a sale of business process to take place. Unfortunately, despite a number of expressions of interest in the business, no acceptable offer was received following the marketing process and as a result, trading will cease on 12 October 2018.
“Whilst we will be retaining a small skeleton workforce in the short term to assist us with the wind down process, the majority of the 161 workforce will regrettably be made redundant. All affected staff have been informed and will be paid up to and including their last day of employment. We'd like to thank all employees for the support, service and co-operation they have provided to the company, both before and during the administration.”
Any parties who may be interested in acquiring the company’s assets on a piecemeal basis should contact James Portwood on 0115 935 3429 or by email: firstname.lastname@example.org
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