Sofa Workshop Goes into Administration
Chiswick store understood to be among outlets to close
Sofa Workshop premises after earlier closure
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Sofa Workshop has gone into administration and will be closing all but one of its stores in the UK including, it is understood, the one in Chiswick.
A statement issued by the administrator PWC says, "Despite achieving significant revenues, these have been outweighed by trading losses, especially in light of Covid-related supply chain disruption and significant increases in transportation costs on importing goods from Asia into the UK over the last year. Consequently, the business has been unable to meet payments as they fall due and has remained reliant on the support of its shareholder."
Attempts were made to sell the business but no offers were forthcoming.
Of the 16 stores the group has in the UK only the one in Tottenham Court Road is to remain open for the next 14 days to clear remaining stock.
The store closed briefly back in 2020 before being rebranded Sofa Workshop by Timothy Oulton after a takeover by the Halo group.
The existing order book has been sold to Timothy Oulton United Kingdom Ltd, an associated company of the main shareholder, which has pledged to honour any outstanding orders placed with Sofa Workshop.
Customers will be contacted directly as soon as possible to provide a further update on the status of their orders.
Customers and other creditors can email queries to this address: uk_sofaworkshop_creditors@pwc.com
You can contact SW_orders@timothyoulton.com or phone 0800 599 9318 to discuss your order from 4 April. A high volume of calls is expected so you are advised to email.
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March 31, 2022
