Fri, 04 Jul 2025 | ADMINISTRATION
Andrew Paul Furniture Limited, a major furniture manufacturer based in the East Midlands, has ceased to trade, with all staff set to be made redundant, as a result of falling demand and ongoing market volatility.
The Long Eaton-based company had been manufacturing high-spec sofas and chairs, which it supplied to high-profile brands, since 2010.
According to reports, the collapse of the company will lead to all 178 jobs at the company being lost and the liquidation of the firm’s assets. Michael Roome of insolvency firm Leading has been appointed as liquidator.
The company had been experiencing difficult trading conditions for several years, noting that challenging market conditions had persisted “following the unprecedented years that followed the Covid period.”
In accounts for the year to April 30 2024, the company reported turnover of slightly under £13 million, down from £14.2 million the previous year, while post-tax profits fell slightly from around £604,000 to just under £600,000.
At the time, the company’s directors wrote: “Like all manufacturers in the furniture trade, business has been very difficult and cutbacks in all areas of the business have had to be made.”
Directors added that they had undertaken a restructuring programme in order to return the company to profitability after it had become loss-making in the face of a falling trade, adversely affecting its cash flow position.
In an effort to reduce overheads, the company had opted to move its main manufacturing plant back to Meadow Lane, Long Eaton. However, this proved insufficient to reverse the company’s declining order volume and margins, ultimately resulting in its collapse.
In its 2024 accounts, the company’s fixed assets were valued at around £423,000 and current assets at approximately £2.5 million, with net assets amounting to slightly less than £600,000.
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