The joint administrators of The Quality Furniture Company (QFC) have confirmed that the business has ceased trading.
Chris Pole, partner at KPMG and joint administrator, says: “We have continued to trade the business since our appointment on 2nd August 2018 to enable time for a sale of business process to take place. Unfortunately, despite a number of expressions of interest in the business, no acceptable offer was received following the marketing process and as a result, trading ceased on 12th October 2018.
“Whilst we will be retaining a small skeleton workforce in the short term to assist us with the wind down process, the majority of the 161 workforce will regrettably be made redundant. 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.”
QFC supplied major retailers across the UK, employed approximately 271 people and operated from freehold premises in Grantham.