Soft furnishings company enters administration

Nottinghamshire-based Dwelling Curtains UK Restricted, a number one importer and retailer of soppy dwelling furnishings, has entered administration following a difficult interval of rising prices and declining client demand.

Dean Nelson, head of enterprise restoration and restructuring at PKF Smith Cooper, has been appointed joint administrator of Dwelling Curtains (UK).

Based in 1986, Dwelling Curtains is a trusted identify within the dwelling furnishings trade, providing a variety of high quality curtains, equipment, lace, and custom-made voiles to prospects throughout the UK and Europe.

Regardless of its formidable status, the enterprise has been unable to resist the pressures of the present financial setting. The will increase in prices, together with these associated to uncooked supplies, delivery, and vitality, coupled with inflationary pressures and decreased client spending, has led to the enterprise struggling to keep up profitability.

A Director of Dwelling Curtains UK Restricted issued the next assertion: “It’s with nice remorse that we announce that Dwelling Curtains UK Restricted is to shortly enter Administration. This determination has been extremely troublesome and never taken calmly, and like many companies within the retail and residential furnishings sector, we have now been deeply affected by the rising prices of commerce and discount in client discretionary spending. We need to specific our gratitude to our extremely lengthy serving staff, for his or her arduous work and dedication, and our loyal prospects. We stay optimistic {that a} answer could also be discovered to protect components of the enterprise and its legacy.”

Dean Nelson, Head of Enterprise Restoration and Restructuring and Companion at PKF Smith Cooper, commented: “Dwelling Curtains UK has confronted vital challenges over current months, together with rising prices and an unfavourable financial setting.”