Collapsed furniture brand’s stock to be sold off by Nottingham auction house
Nottingham-headquartered auction house John Pye & Sons has been appointed by administrators of Made.com to put the collapsed furniture firm’s stock on the market.
Made.com appointed administrators from PwC to manage its affairs, business and property on the 9th November 2022.
John Pye has won the contract to sell several thousands of upholstery, home furniture, outdoor and leisure, home accessories and lighting items.
Adam Pye, managing director at John Pye, said: “John Pye Auctions is deeply saddened by the nature of this case, having worked as close partners with Made.com Design Limited for over six years. We’ve formed relationships with many staff members. We wish all the very best to everyone negatively affected.
“As with any insolvency of a great British brand such as Made.com, there are always the tragedies of redundancies and loss. It is John Pye Auction’s role to realise the best we can for all creditors of the company. Thanks to our long-standing partnership with Made.com Design Limited, we have a customer base who are familiar with buying this type of stock, so we hope to be able to realise a positive return for creditors.”
Trevor Palethorpe, joint head of John Pye Business & Property added: “Our large UK footprint of close to 1,000,000 sq ft of sale space and a nationwide workforce of over 700 staff ensure we can handle the largest of insolvency cases. We have systems and knowledge to ensure we can sell the stock within the market at the highest level of efficiency and return for the Made.com Design Limited creditors.
“While it is an incredibly difficult situation, it does also present buyers with the rare opportunity to bypass industry-wide, growing wait times for furniture delivery. Made.com enthusiasts and customers have the chance to add new home pieces and buy furniture of the highest quality, at bargain prices, just in time for Christmas.”
Made.com’s remaining inventory is to be sold via John Pye various sales channels, including over 1,000 truckloads of in excess of 5,000 unique product lines of various quantities.