The furniture company is thought to be the latest victim of the downturn on
the high-street and, according to
could appoint adminstrators as early as today.
MFIs website was offering 70% discounts on furniture items this morning.
90 stores were forced to close in September as part of the buyout.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies