18 April 2018
Stephen Goderski and Peter Hart of PKF Geoffrey Martin & Co were appointed as Joint Administrators of European Furniture Promotion Ltd on 18 April 2018.
The business is a furniture distributor used by high street and internet retailers to deliver products to their customers.
European Furniture Promotion Ltd is headquartered in Tamworth in Staffordshire and has warehouses across the country. It employs around 180 staff, all of whom are in the process of being made redundant.
Stephen Goderski, Joint Administrator and Partner of PKF Geoffrey Martin & Co, said: “European Furniture Promotion is unable to trade profitably as a going concern so we’ve had no choice but to cease operations."
“Our focus is to help affected retailers to collect their products as soon as possible so that they can then be passed on to their customers with minimal disruption."
“We’re also talking to a number of parties about them acquiring parts of the business. Anyone with an interest in taking on some of the operations should get in touch with us.”
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