Stuart Robb and Michelle Elliot – of Leonard Curtis Business Rescue & Recovery Glasgow – were appointed Joint Administrators of Houseology Design Group Limited (“the Company”) in relation to the company’s e-commerce division, Houseology.com, on Thursday, 23rd January 2020.
The Company, which was incorporated in April 2010, trades as an online retailer of designer branded furniture, lighting and accessories for inside and outside the home. The Company’s business-to-business division, Bureau Workspace Limited, a commercial furniture consultancy based in Edinburgh, will continue to trade.
After reviewing the Company’s options, the directors have taken the difficult decision to appoint Administrators. The Company, which has its head office in Speirs Wharf, Glasgow, has ceased trading and 23 employees have been made redundant. A small number of employees have been retained by the Joint Administrators to assist them in carrying out their responsibilities.
The directors attributed the Company’s situation to exceptionally poor e-commerce trading across the Christmas period and January, and wider market dynamics showing no signs of improvement in the short to medium term.
A spokesperson for the Company said that they were confident that the group’s assets will prove attractive to a buyer in the days and weeks to come. The business will now focus on its business-to-business division, which experienced its best ever year in 2019 and is on track for continuing year-on-year growth in 2020.
Joint Administrator Stuart Robb said: “Unfortunately, having assessed the Company’s trading and financial performance, it was not possible to continue to trade its e-commerce business, Houseology.com and, as such, 23 employees have been made redundant with immediate effect.
“We appreciate that this is disappointing news for the Company’s staff and we are working with Partnership Action for Continuing Employment (PACE) to provide them with the best support possible.”
Given the nature of the Company’s e-commerce business, there are customers who have paid deposits and are awaiting delivery of orders or are expecting a refund for damaged or faulty goods. They are asked to email firstname.lastname@example.org or to call the designated helpdesk on (t) 01282 610 637.
Those wishing to enquire about the Company’s business and assets – including its stock and intellectual property – should contact Kristopher Tosh at Kristopher.Tosh@leonardcurtis.co.uk.
All other queries should be sent to email@example.com.
For Houseology Design Group Limited media enquiries please contact Nick Freer, Freer Consultancy, firstname.lastname@example.org or +44 (0)7841 571 871.
Leonard Curtis Business Rescue & Recovery is part of Leonard Curtis Business Solutions Group.
Back to updates