Full House (Interiors) Limited (07355337): administration
- Status
- Administration ended
- Administration began
- 2023-06-29
- Administrators' firm
- Antony Batty
- Incorporated
- 2010-08-24
- Location
- London
- Industry
- 47599 Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store
Why it went into administration
- Weak consumer demand
- COVID-19
- Sustained trading losses
- Creditor pressure / legal action
- Property / lease costs
- Brexit
- Supply chain disruption
- Rising interest rates
- Competition / price pressure
From the administrators' statement
Historically, Full House (Interiors) Limited has been a furniture retail company selling discounted furniture from a very basic warehouse type platform. The core business of the company was to buy furniture order cancellations and returns from major high street stores such as John Lewis, Marks and Spencer, Furniture Village and also predominantly online retailers such as Loaf. The furniture was sold as seen off the floor at a significantly discounted price.
Full House (Interiors) Limited (“FHIL”) was incorporated on 24th August 2010 and started trading from October 2010. The business had purchased the assets and intellectual property from 3A Furniture Limited trading as Trade Secret. This was a company in liquidation, subsequently dissolved on 29 June 2011, of which Antony Batty of this firm was previously liquidator of.
The initial shareholding of FHIL was 25% each held by Nicholas Kneale (“NK”), Gurli Andreassen (“GA”), Charles Wheeler and Catherine Wheeler. The purchase was funded by a loan to the company of £100,000 from Mr Nicholas Kneale.
Administrators' statement of proposals (2023-09-02) · Companies House register