Sofa Workshop, a subsidiary of Halo Group, has gone into administration with the loss of 77 jobs.
Supply chain and transport costs had contributed to trading losses and outweighed ‘significant revenues’, said appointed administrators Toby Banfield, David Baxendale and Zelf Hussain of PwC.
The company had 16 stores across the UK and operated online.
In a statement, the administrators said that Covid-related supply chain disruption and significant increases in transportation costs on importing goods from Asia into the UK over the last year meant that the business has been unable to meet payments as they fall due and has remained reliant on the support of its shareholder.
