Schrijf je in voor onze dagelijkse nieuwsbrief om al het laatste nieuws direct per e-mail te ontvangen!

Inschrijven Ik ben al ingeschreven

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber
App icon
FreshPublishers
Open in the app
OPEN

UK furniture sector collapses leave creditors facing £85m hit

Creditors of 34 furnishing businesses in the UK that entered liquidation or administration between December 2025 and February 2026 are expected to face a combined shortfall of £85.4m, according to the latest Insolvency Digest.

© Viorel Dudau | Dreamstime

The failures span retailers, manufacturers and service providers across the furniture and flooring sector, highlighting continued financial pressure within the industry.

The largest collapse involves kitchen furniture manufacturer Moores Furniture Group Limited, which entered administration on 19 January 2026. Preferential employee claims total £313,000 and HMRC is owed £2.4m, both expected to be repaid from realised assets valued at £5.7m. However, lender Hilco is owed around £29.6m and may not recover the full amount. Unsecured creditor claims total £24.8m, including £5.8m owed to trade creditors, £6.4m to employees and £13m to the company's pension scheme. Overall, creditors are expected to face a shortfall of £66.4m.

Several other notable failures include LB House of Brands Ltd, trading as Larkbury London, with a projected £5.3m shortfall, and 100% Comfort Ltd, where creditors are expected to lose £5.4m.

Across the remaining cases, debts to HMRC, banks, staff and suppliers total millions of pounds, with most unsecured creditors unlikely to recover significant sums as the sector continues to experience mounting insolvencies.

Source: www.bigfurnituregroup.com

Publication date:

Related Articles → See More