Shabby chic etailer Luxury Home Furniture which operated shabby.co.uk has gone into administration.
The company, which had sales of £2m in the last financial year, has ceased trading and administrator Inquesta Corporate Recovery & Insolvency is looking to sell the brand, website, goodwill and stock.
It has almost 500,000 followers on social media and has been a distinctive brand in the shabby chic home furnishing market.
Steven Wiseglass, Inquesta director says Shabby had expanded during the first lockdown but then became severely impacted by shipping delays, increased operating and import costs, the loss of its largest UK supplier, adverse customer reaction to increased prices, creditor pressure and falling sales.
‘The directors tried to keep the business afloat but unfortunately this combination of factors had a devastating impact on its viability and they were ultimately unable to save it,’ he says.
‘Regrettably, the company has insufficient cash to fulfil outstanding orders or to provide refunds to customers awaiting goods. Affected customers should contact their credit or debit card provider or payment platform to arrange a chargeback where possible. We recognise this will sadly cause inconvenience to customers who have paid for goods but have not received them.’
Six jobs have been lost as a result of Shabby’s closure.
