Furneo Limited (11414919): administration
- Status
- In administration
- Administration began
- 2026-07-27
- Administrators
- Deviesh R Raikundalia
- Administrators' firm
- RSM
- Incorporated
- 2018-06-14
- Location
- Northampton
- Industry
- 47599 Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store
Why it went into administration
- Supply chain disruption
- Cash flow / liquidity pressure
- Weak consumer demand
- Sustained trading losses
- Brexit
- Competition / price pressure
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of the proposals has been prepared based on information provided by the Board of Directors ("the Board") of the Company and not from my personal knowledge as Administrator.
Furneo Ltd was incorporated in 2018 as a UK based online retailer of contemporary furniture and home furnishings. The Company was established as an extension of Art Furniture, a long-standing sole trader business, which provided industry knowledge, supplier relationships and operational support during the Company’s formative years.
The Company commenced trading with limited capital and relied on lending facilities, supplier credit and the reinvestment of profits to fund inventory and working capital. During 2018 and 2019, the Company focused on establishing supplier relationships, developing its product range and building the infrastructure required to support nationwide online sales. A physical showroom was also opened in 2019 but was subsequently closed due to insufficient customer footfall, following which the Company focused on its online and marketplace operations.
Administrators' statement of proposals (2026-09-28) · Companies House register