Made on the brink

Made.com intends to call in administrators after suspending trading in its shares.

It has applied to appoint PwC – which had been advising the etailer on cutting costs – as administrator. This will give it 10 days protection from creditors and could be extended.

Administration is likely to see a quick deal for Made’s brand and other assets. 

‘During the strategic review process, Made received proposals from interested parties to acquire certain of or substantially all of MDL (Made’s operating subsidiary)’s trade, assets and brands. Any such sale of MDL’s trade, assets and brands would at this stage be effected by administrators of MDL following their appointment,’ it says.

Made22

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