A Yorkshire furniture company with a long history has entered administration, resulting in 124 employees being made redundant and leaving many others uncertain about their future. Moores Furniture Group, established in 1947 and known for supplying kitchens to housebuilders and homeowners throughout the UK for nearly eight decades, cited escalating costs, a slowdown in housebuilding, and challenging market conditions as reasons for its collapse.
Administrators have confirmed that 336 staff will remain to fulfill existing orders, although their prospects beyond that are uncertain. Parts of Moores Furniture Group, including its customer database and intellectual assets, have been acquired by competitor Wren Kitchens, which aims to create new opportunities for affected workers.
Support is being provided to the displaced employees for claiming redundancy payments and benefits. Wren Kitchens expressed sadness over Moores’ closure but believes the acquisition could open up avenues for impacted staff in different parts of the UK, emphasizing the importance of a robust kitchen industry in the country.
The demise of Moores Furniture Group is part of a broader trend affecting UK businesses, with Caldwell Construction Limited, founded in 2007, also appointing administrators recently. James Clark, a joint administrator, highlighted the ongoing challenges faced by companies in the construction sector due to various economic pressures.
The prevailing environment of rising expenses, inflation, Brexit-related supply chain disruptions, and a slowdown in house construction has led to a surge in job losses and closures across British commercial areas.
