Administrator appointed to failed sofa firm
Nottingham-based John Pye Auctions has been appointed by the joint administrators of Sofa Workshop to handle the disposal of ex-display showroom stock after it went into administration last month.
The auction house is set to offer a range of furniture and homewares, including 800 sofas. Bidding is live now at John Pye’s Marchington site. Its Port Talbot base will begin on Friday 15th April.
Bidding is available online, with stock coming from Sofa Workshops’ five London stores, and eleven regional locations, including Bath, Bristol, Chichester, Guildford, Harrogate, Manchester, Newbury, Nottingham, St Albans, Thurrock and Tunbridge Wells.
Trevor Palethorpe, joint head of business & property at John Pye Auctions, said: “While its always sad to see a national retailer close its doors, it does offer the consumer a rare opportunity to purchase high quality furniture at a big discount, while also avoiding the massive delivery waiting times that have become the norm over the last two years. With us, once you have won, you can come and collect within 24 hours of payment.”
In previous years, John Pye has been appointed in a similar manner by PwC, selling off Fabb Sofas’ stock following its administration announcement in 2018.
Palethorpe added: “Recognised brand names such as Sofa Workshop always attract huge interest from bidders, and there’s no doubt customers that regularly keep track of our web pages will be quick to bid for this stock. We advise moving early to secure these special items at discounted prices.”
As well as being appointed to sell its ex-display items, John Pye will also be handling the sale of Sofa Workshop’s trading name, website and further intellectual property
