On 2nd August, Chris Pole and Mark Orton from KPMG’s Restructuring practice were appointed joint administrators of The Quality Furniture Company (QFC).
While the joint administrators remain open to interest from potential buyers, it has been necessary to make a total of 30 redundancies at the company’s site in Grantham.
Chris Pole, partner and joint administrator, says: “Prior to our appointment, the company unfortunately had to put a number of staff on notice, as a result of trading difficulties and cost pressures. Regrettably, in an effort to reduce costs, 30 redundancies have now been made.
“All affected staff have been informed and will be paid up to and including their last day of employment. We’d like to thank all employees for the support, service and co-operation they have provided to the company, both before and during the administration.
“Over the coming weeks, we remain focused on doing all we can to preserve as many jobs as possible, whilst we continue to trade the business as a going concern. I’d encourage any interested parties to make contact as soon as possible."