Appointed to sell all remaining stock

Tuesday, 22nd November 2022

We have been tasked with selling the stock from the recently collapsed furniture business. The online retailer faced insurmountable challenges, leading to its demise on November 9, resulting in 573 job losses.

Following the administration, we are set to liquidate all UK stock, comprising thousands of pieces of upholstery, home and outdoor furniture, home accessories, and lighting. While the brand, websites, and intellectual property were acquired by fashion rival Next, the deal did not include staff.

Adam Pye, Managing Director of John Pye Auctions, expressed sadness over the situation, highlighting the longstanding partnership with Design Limited. The auction house aims to maximize returns for creditors and is optimistic about leveraging its customer base familiar with this type of stock.

Having recently collaborated with Sofa Workshop administrators, we successfully handled the sale of ex-display showroom stock, furniture, and homewares, showcasing its capability in managing substantial insolvency cases.

Trevor Palethorpe, Joint Head of John Pye Business and Property, emphasized our extensive UK footprint and a workforce of over 700 staff, ensuring effective handling of large-scale insolvency proceedings.

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