Rick Harrison and Howard Smith from Interpath Advisory have been appointed joint administrators to two online retailers which both operate from premises near Burnley. Big Home Shop Limited and Physioroom Limited sell garden and other outdoor equipment and home exercise equipment respectively.
Big Home Shop had recently experienced financial challenges which were then exacerbated by significant stock issues caused by international shipping delays. This had a knock-on effect on Physioroom which was also unable to fund ongoing trade.
The administrators confirmed that twelve redundancies have been made.
Commenting on the administration, Rick Harrison, managing director at Interpath Advisory and joint administrator said: “Big Home Shop is a seasonal business. Unfortunately, the well-publicised international shipping delays seen across the globe in 2021 had a significant impact on the Company’s stock, which led to lower than usual trading through its peak season. We will continue to trade the business while all options are assessed.”
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