Nottinghamshire-based soft furnishings company Home Curtains (UK) Limited has fallen into administration.
Home Curtains is a leading name in the home furnishings industry, with over 35 years of industry experience, supplying products to a large number of retailers and direct to customers.
Due to rising costs of materials, shipping and energy, alongside reduced consumer spending and inflationary pressures, the company faced difficulty maintaining profit, and now Dean Nelson, Head of Business Recovery and Restructuring at PKF Smith Cooper, has been appointed joint administrator.
Trading of the business is being continued over the coming weeks, under the supervision of the joint administrator, whilst either a purchaser is found for the business and its assets, or the substantial quantity of stock is wound down and sold.
The administrator has already negotiated a significant sale for a proportion of the company’s available stock.
Dean Nelson said: “I continue to encourage both the trade and the public to seize the opportunities available during this trading period for the company. I will be working towards maximising sales of stocks to obtain the best possible outcome for all creditors and stakeholders.”
