Furniture company went under owing £3.6m to trade creditors
Lincolnshire furniture manufacturer The Quality Furniture Company went under in October owing £3.6m to creditors, according to documents seen by TheBusinessDesk.com.
Administrators managed to raise £1.56m through a sale of the company’s assets, the papers say.
A list of creditors shows that Carpenter Limited of Somercotes in Derbyshire was owed £412,740, while Clinchplain in Nelson was owed £273,244. Meanwhile, United Fillings of Billingborough in Lincolnshire was owed £552,837.
Chris Pole and Mark Orton from KPMG Restructuring were appointed joint administrators to The Quality Furniture Company, based in Grantham, August. It closed its doors for good on 12 October with the loss of 161 jobs.
The company made sofas for retailers including DFS, Next, Argos, Homebase, Laura Ashley and John Lewis.
