# Moda Furnishings Ltd (08658516)

> Why UK company 08658516 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08658516

- **Status:** Administration ended
- **Administration began:** 2023-07-14
- **Administrators:** Timothy Vance, Samuel James Woodward
- **Administrators' firm:** EY
- **Incorporated:** 2013-08-21
- **Location:** Manchester
- **Industry:** 47599 Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store

## Why it went into administration

- Weak consumer demand
- Supply chain disruption
- Funding withdrawn / unable to refinance
- COVID-19
- Cash flow / liquidity pressure
- Sustained trading losses

## From the administrators' statement

The Company traded as a retailer of outdoor furniture. It is predominantly e-commerce led but also operated six showrooms located across the UK (Caterham, Chelmsford, Cheltenham, Leeds (temporary pop-up store), Manchester, Milton Keynes).

The Group is majority owned (c.75%) by Endless following a transaction concluded in September 2019. The remaining c.25% of shares are held by Management. STB is the Company’s senior secured lender.

The group structure at the Date of Appointment is summarised below. The only company which entered administration was Moda Furnishings Limited. The Company was the trading entity in the Group.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08658516/filing-history/MzM4ODE0ODA3NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08658516

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.