Long Eaton-based Acclaim Upholstery Company Limited has entered administration after a difficult trading period. Inflationary pressure saw the bespoke furniture manufacturer struggle with rising costs and the impact of finance repayments, alongside a drop in sales.
Martin Buttriss and Carolynn Best at Begbies Traynor in Leicester have been appointed as administrators, and all 128 employees of the business have been made redundant.
Martin Buttriss said: “This is a long-established business that has been beset by a number of issues, which have conspired to create an extremely difficult operating environment. A reduction in orders due to the cost-of-living crisis created problems with cashflow, which were exacerbated by inflationary pressure.”
The administrators have actively marketed the business for sale for which there has been a healthy level of interest in purchasing the assets
