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
Notes to Editors:
For media enquiries only, please contact:
Jo Chileshe, PR Manager
T: 0121 232 3343
M: 07919 211803
KPMG Press Office: 020 7694 8773
About KPMG in the UK
KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 14,500 partners and staff. The UK firm recorded a revenue of £2.2 billion in the year ended 30 September 2017. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 152 countries and has 189,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
© 2019 KPMG IFRG Limited is a UK company, limited by guarantee. All rights reserved. KPMG IFRG Limited, registered in England No 5253019. Registered office: 15 Canada Square, London, E14 5GL, UK.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.