A Long Eaton-based manufacturer, has entered liquidation alongside its sister company Stevenson & Key (Frames) Limited, leaving creditors facing an estimated shortfall of £2.2m.
© Andrew Paul Furniture Ltd
Appointed on 9 July 2025, joint liquidators Michael Roome and Jamie Playford of Leading are overseeing the winding-up process of Andrew Paul Furniture Ltd. The closure ends 14 years of trading and affects more than 170 jobs.
The company reported widening losses of £342,000 in the year to April 2023, up from £146,000 the previous year, as sales dipped slightly to £14.2m. It cited "market volatility" and "falling demand" as key reasons behind its collapse.
According to filings with Companies House, the company owes £224,000 in preferential employee claims, expected to be covered by £471,000 in realised assets. Additional debts include £300,000 to HMRC, £54,000 to NatWest, £338,000 to Royal Bank of Scotland, and £90,000 to directors.
Trade creditors are owed £780,000, including £352,000 to United Fillings and £109,000 to Peter Cook International. Unsecured creditor claims amount to £2.2m, with a further £883,000 owed to employees.
The liquidation highlights the continued pressures facing UK furniture manufacturers amid economic uncertainty and fluctuating consumer demand.
Source: www.bigfurnituregroup.com
