Moores Furniture Group, a Wetherby-based company that has been supplying kitchens to housebuilders, the public sector, and reasonably priced housing builders since 1947, has fallen into administration, citing “challenging trading conditions” as the major cause for its downfall.
The firm, which employed more than 450 people, has appointed James Clark and Will Wright from Interpath as joint directors. The directors confirmed that they had bought the company’s buyer listing and certain other mental property property to Wren Trade Kitchens Limited, a subsidiary of Wren Kitchens Ltd.
While 336 employees members have been retained to support the completion of some work, the directors have made the troublesome choice to make 124 staff redundant. They have pledged to present support to those affected, including help with making claims from the Redundancy Payments Service.
Construction industry headwinds influence provide chain
Clark defined that the sturdy headwinds going through the UK construction industry proceed to have a vital influence on firms all through the provide chain.
Despite Moores Furniture Group’s efforts to cut prices and make “strong progress,” the company struggled with “challenging trading conditions” due to rising prices and low ranges of housebuilding exercise.
The firm had explored choices for further investment or the sale of the company, but these efforts were finally unsuccessful, according to Clark.
However, he famous that the sale of mental property to Wren Kitchens “provides an opportunity to minimise disruption for customers and suppliers, and which will enable Moores’ heritage in kitchen manufacturing to continue as part of the Wren family.”
Glimmer of hope
Wren Kitchens Ltd expressed its remorse that Moores had entered into administration, stating, “Whilst the company was a competitor of ours, we believe it is in everyone’s interests to have a strong kitchen industry based here in the UK.”
Although Wren Kitchens had been in talks with Moores, they were unable to save the business. However, they have agreed to an unique option to present affected prospects with the means to seamlessly switch excellent contracts to Wren Kitchens.
Wren Kitchens also revealed that their contract division had lately announced plans for a gross sales workplace in Harrogate. They have agreed with the administrator to discover alternatives “to provide alternative employment to a significant number of Moores sales, operations and internal support teams,” offering a glimmer of hope for those affected by the administration.
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