Ashley Manor Upholstery Limited, a UK-based upholstered furniture manufacturer, has entered administration, owing creditors almost £13m. Colin Wilson and Trevor Binyon of Opus Restructuring LLP were appointed as joint administrators on 16 September 2025, alongside sister company Alexander & James Sofas, both owned by TCM Living Group.
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The company cited several "severe challenges" since 2022, including market contraction, cost inflation, retail partner difficulties, intensifying competition, and operational disruptions. Rising raw material and energy costs, alongside labour pressures, sharply reduced profit margins, while supply chain inefficiencies and high fixed costs constrained operational flexibility. Attempts to stabilise the business through workforce reductions, supplier renegotiations, and diversification into direct-to-consumer channels were insufficient to overcome declining revenues and compressed margins.
A pre-packaged sale, which could have preserved approximately 140 jobs, failed as no suitable offers were received. Trading ceased immediately upon administrators' appointment.
Post-appointment, the company reported a break-in at its factory on 27 September, though no stock or equipment was removed. Preferential claims totalled £12.8m, with £4.9m expected to be realised from company assets, leaving unsecured creditors facing a £9.6m shortfall.
Andy Kennaugh, CEO of TCM Living Group, said, 'This has been an extremely difficult decision and one we deeply regret having to make.'
Source: Big Furniture Group.
