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Furniture maker Multiyork enters administration, putting 500 jobs at risk

Company filed net debt of £1.9m with profits of just £479,000 in 2016, in a further sign of slowdown..

By admin , in UK , at November 23, 2017

Company filed net debt of £1.9m with profits of just £479,000 in 2016, in a further sign of slowdown of household goods market

Multiyork Furniture has called in administrators, putting more than 500 jobs at risk.

The furniture maker, which employs 547 people in 50 shops and manufactures upholstered furnishings in Thetford, Norfolk, has struggled amid a tough retail market in which shoppers are shying away from spending on expensive items for their homes.

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