John Pye & Sons has been appointed by the administrators of Made.com to sell off the extensive stock which had been held by the online furniture retailer. Earlier this year John Pye had cleared the ex-display showroom stock for the administrators of Sofa Workshop which included over 800 sofas.
“Thanks to our longstanding partnership with Made.com Design Ltd., we have a customer base familiar with buying this type of stock, so we hope to be able to realise a positive return for creditors,” said managing director Adam Pye.
As administrators from PwC tackle the task of establishing the status of creditors, they have set aside £3.57 million for employees and HMRC. 400 employees have been made reduundant with a further 100 or also expected to lose their jobs.
Made.com’s unsecured creditors and suppliers are expected to see less than 2 per cent of the £187 million that is owed to them. Creditors include around 12,000 customers who had made prepayments. 4,500 deliveries to customers will be delivered by 25th November.
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