PwC appointed Smallbone administrators
PricewaterhouseCoopers partners to head up administration of furniture manufacturer
Rob Lewis and Mark Shires of PricewaterhouseCoopers have been appointed as
joint administrators of Smallbone and its UK subsidiaries, including Smallbone
& Co and Mark Wilkinson Furniture Limited.
The manufacturer of exclusive kitchen, bedroom and bathroom furniture had a a
turnover of £21m in 2008.
Rob Lewis, joint administrator and partner at PwC, said the administration
has saved 400 jobs across across all subsidiaries, and orders with deposits will
be fulfilled.
On the 3rd March, Smallbone announced that trading in its ordinary shares on
the AIM market of the London Stock Exchange had been suspended, pending a
strategic review.
The administration of the manufacturer – whose customers include Oprah
Winfrey and Dustin Hoffman, follows the collapse of MFI and Land of Leather.
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