A furniture, lighting and accessories retailer in London has entered administration following a downturn in orders and mounting supplier pressure. John Lowe and Nathan Jones of FRP Advisory Trading Limited were appointed joint administrators on 30 September 2025.
© Coexistence Limited
Throughout 2025, Coexistence Limited faced declining orders and shrinking margins, resulting in losses of approximately £200,000 over six months. Despite efforts to improve performance and attempts to sell the business as a going concern, negotiations with a potential buyer failed by September. Increasing supplier demands, including HMRC arrears, and limited banking facilities left the company unable to continue trading.
FRP advertised the business to potential buyers, but no offers were received for the company as a whole. Administrators have since received two offers for Coexistence's intellectual property rights and stock.
Preferential creditors, including employee claims of £2,500 and HMRC owed £145,000, are expected to be repaid from realised assets valued at £735,000. Unsecured creditors are owed £975,000, including £114,000 to staff and £19,000 to consumers, with a projected shortfall of £390,000.
The company had traded for over 50 years, but cashflow pressures and declining performance left directors with no alternative but to seek administration.
Source: www.bigfurnituregroup.com
