Home furnishings firm set to call in administrators

Nottinghamshire-based Home Curtains UK, the importer and retailer of soft home furnishings, is set to collapse into administration.

As we exclusively revealed earlier this week, Home Curtains UK had posted a notice of intention to appoint administrators.

Now, following a “challenging period” of rising costs and declining consumer demand, Dean Nelson of PKF Smith Cooper is set to be appointed as administrator.

Home Curtains UK has, according to PKF Smith Cooper, been “unable to withstand the pressures of the current economic environment”. The increases in costs, including those related to raw materials, shipping, and energy, coupled with inflationary pressures and reduced consumer spending, has led to the business struggling to maintain profitability.

A Director of Home Curtains UK said: “It is with great regret that we announce that Home Curtains UK Limited is to shortly enter administration. This decision has been incredibly difficult and not taken lightly, and like many businesses in the retail and home furnishings sector, we have been deeply affected by the rising costs of trade and reduction in consumer discretionary spending. We want to express our gratitude to our incredibly long serving employees, for their hard work and dedication, and our loyal customers. We remain optimistic that a solution may be found to preserve elements of the business and its legacy.”

Nelson said: “Home Curtains UK has faced significant challenges over recent months, including rising costs and an unfavourable economic environment. We are working closely with the company’s management team to explore all available options to secure the best possible outcome for all stakeholders.

“It is my intention to trade the business over the next couple of months, undertaking substantial price reductions, to maximise sales over our substantial quality stock ranges, and I would urge the trade and public to take advantage at this challenging time for the company.”